Thanks for clarifying! So what do I understand as internal market? Where goes the sell, where does the buy coming from?
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Thanks for clarifying! So what do I understand as internal market? Where goes the sell, where does the buy coming from?
At this time there are much more people who want to buy STEEM. Today volume is almost 6 millions USD.
http://coinmarketcap.com/currencies/steem/
As you know users are getting SBD and Steem power for their posts, votes... In internal market you can buy STEEM with SBD (Steem dollar). I must admit that I don't know why is SBD so precious. But for now that is a good thing. You can sell SBD on Poloniex for much more than a USD.
By design SBD should be tied, pegged to USD.
Aha! That´s the internal market .. the trade between Steem Coins and Steem Dollars. As I haven´t received my first payout I don´t know how exactly the trading works ...
You´re saying that I can sell SBD AND Steem Coins/Tokens on Poloniex? I thought I can only buy/sell the Steem Coin ...
I´ll look into it more closely soonish ..
Thx for the reply my friend
I just sent you 1 SBD for luck and to try internal market. Enjoy.
Serbus.
Thx man, I received it :)
good karma!
@fminerten1
The mania (yes folks, it's a mania) in bitcoin and euthereum is being driven from within. I doubt that any of the cryptos will gain worldwide acceptance simply because most people who don't yet already own any understand that there is a possiblity that this is in fact a mania. That leaves price to be driven solely by people who are already in, believers in other words. It' like asking a fan of any particular sports team why another team is better. You would be poling from a study group that is "highly" biased. The fate and price direction of ALL crytos "likely" depends on teh direction of Bitcoin and eutherium. And teh fate of both likely depend on the fate of the epicenter of this Wall St induced bubble >>> Silly Con Valley, Cali. So when you see FB, GOOGL, AMZN, TSLA, PCLN, etc stock prices dropping 30% in a matter of a few trading days, don't be surprised by an accelerated drop in the price of Bitcoin and eutehreum.