STEEM DOLLAR NEARLY 14 $ - WHAT ON EARTH ?!!!!!!

in #steemit7 years ago

STEEM DOLLAR NEARLY 14 $ 

Ok soo Steem Dollar is at 13.77 $ ... I MEAN WHAT THE ACTUAL F.... * 

This is all crazy, first i am shocked about bitcoin, then steem dollar, but also STEEM is growing! These are some insane and amazing news to everyone on Steemit! I hope and guess most of you are celebrating right now and being happy! The gains are incredible, and this has never happened before. How long will this hype last? How long will the SBD price stay so high? 

The highest in 24 hours it went to 16.62 dollars.  I really dont underastdn what is going on with crypto world right now? But what i do know is I am happy I am on this train... :) 

Let me know your thoughts, comments! Love these debates! 

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Pump and dump scenerio? Or market manipulation to buy cheap steem before SMTs kicks in?

may i ask what SMT is? I'm new to steemit. Thx in advance :)

Thanks for the help real informative

I saw a 80% spike in 24 hours and pulled the trigger at $5 per SBD. My partner held out 24 and sold at $12. Can't believe it... but then again, yes I can.

Are we all dreaming...is this real?unbelievable...

Who is buying SBD now?

Keep Calm and Power UP

get that cheap steem while you can is what i say. then hodl it out! :)

heheh yeahhhh !!!

So you think steem is likely to go up long-term versus the SBD? I always thought SBD was supposed to be pegged to the USD, so these price movements are surprising the shit out of me, to say the least.

look, one rule with crypto. forget common sense. lol.

😂 very true

Isn't it meant to be pegged to the USD? So this is all kinda temporary riiight. Unless I'm mistaken.
I've been selling all my SBD for the last two days assuming it's going to correct down to $1 - how about you?

yess it will correct itself sadly, which will happen i guess very soon! i wish i had some SBD as my payouts wont happen for several days! lol

Hi Alla, from what I understood there really isn't a peg mechanism in place for when the SBD gets valued higher than USD, only an upward peg for when SBD is below 1 USD. It will probably correct by Steemians selling their SBD at bittrex for (hopefully) Steem.

What you might expect to happen is that Steem will be converted into Steem Power, adding to the value of Steem :)

from what I understood there really isn't a peg mechanism in place for when the SBD gets valued higher than USD

Actually there is such a mechanism - witnesses can increase SBD supply with Bias variable. They are not doing it though, at least now.

Interesting! Seems the more I learn about Steem, the more I see that I understand very little..

yes i understand majority of people are powering up and spending money on steem ! :)

SBD was not hold by a lot of people, don't worry, keep the steem warm and build SBD!
I follow you now, really good post and precious information.
You amaze me ^^

Me neither! I guess next time I'll try to hold on to some SBD for just this type of occasion

ANY GOOD CHANCE IT WILL BE THAT HIGH AGAIN? WHAT DO YOU THINK. DO YOU THINK IT WILL GO UP TO A HUNDRED DOLLARS?

yeap.. grows up very quickly.. and I think it will be reach 20$ very soon..

@allasyummyfood This is insanely exciting news for all of us exceptionally hard working people on steemit!! I think We should all do a happy dance!!!!

yes happy dance is in order, its just mind blowing!! heheheheh !

here we go then

carlton dance.gif

I'm powering up as much as I can as often as I can. Great times to be on a steem journey................

yes it def is :) next year will be better and bigger!