I just took a look at the SBD price and saw that it has been up to almost 13 USD in the last few days.
There is only one reason in my eyes how this can be... Someone thinks the price has to absolutely explode in Steem. If not it makes no sense to pay 12 times of what you can get out of it in a conversion which takes the average price of the 3.5 days following the conversion start. It only makes sense like this:
- You want to buy a shit load of Steem
- Buy all the Steem Dollars you can get first and start conversion
- Then you buy as many Steem as you can get. with your limit price in mind. The price for the Steem would have to be 20-30 usd at least, in order to pay 12 USD per SBD.
If the price of Steem would be after the operation less than 15 USD or something like that, it would not make any sense to pay 12 USD per SBD... remember it only gives you the right for 1 USD worth of Steem... so a massive price movement of Steem I guess has to occur...
We had a massive 24h volume of 1.1 million USD... This is not a small fish!!
This is great post and valuable sbd graphic chart.
Thanks @mexbit
Have a nice day
Resteem
Thanks for resteeming!
Welcome @mexbit
Thanks for the information of steem.good update
100% like and resteem
Thanks for resteeming! BitUSD is a similar product which is at 0.99 USD... So this is not all over the place...
Thank you for sharing important details about steem & steem dollar.
Followed/ Upvote/ Resteem.
Thanks for resteeming!
Excellent post. very important information and useful
Upvote Resteem
Thanks for resteeming!
Welcome sir.
steem is looking like its tracking the bitcoin path anyways lets continue to enjoy this price explosion till then have an amazing day :) resteemed
I think tracking is not enough... Steem was 3rd... now 31st... I think this platform should be really much higher.. it has the power to go viral if Brad Pitt or something like that would use it...
This is going insane at the moment right now dear
resteeemed :)
Thanks for resteeming!
poloniex has disabled the sbd may be that's whats driving the prices up at this time ...resteem
How would that drive the price up? A short squeeze??
Thanks for this great information.........../////////
I hope I am right... or someone is really stupid.... to pay 12 USD for half a Steem... or waiting until SBD is 1 USD again... it would not make sense...
sure,,,,,,,, that's ok
Yup....absolutely agreed @mexbit. Before 12 hours SBD worth pumped over $13. It's massive pumping I have ever seen when I come to steem platform.
Thank you for giving valuable instructions to us what to do steem dollars.
Resteemed.
Disclaimer: This is no instruction for what you should do... Just my opinion... I could be wrong...
There are really stupid people with lots of money out there! ;)
Sorry for my misunderstanding. I think it's great ideas you sharing. No worries @mexbit.
No worries... I had used many words like guess, think and "in my eyes"... I thought this was sufficient... But in the end I think a formal Disclaimer below is the best way... ;)
Yup...You're right. I thought you gave best ideas and I trusted those once. Also i accept ur opinions.
Great Post :) SBD arrive to 17$ in bittrex ^^ , People work more now on steemit To Get More SBD , More New People Will STart Using Steemit :)Thank you For sharing Following you ^^ (y)
Would be a great side effect to get more active users!
Well then better start saving up steems and SBD.
Thanks for sharing definitely resteeming this.
I would not be saving sbd... but selling them for steem. sbd long term will get back to 1 usd...
Nice analysis and huge information you shared from this post to steemians.
Now we can earn more profit use sell/ trade function. It will be multiple times.
Happy trading! This is really crazy...
Thanks sir...Yeah...SBD made me crazy...Lol...
Nice analysis . very high to sbd .thanks for sharing
(((((( Resteem Service))))))
The SBD price has been really been skyrocketing and as you say the price of Steem will follow suit.
In the meantime people can buy more Steem and Power Up.
I hope, I do not see why someone would buy 7 or 14 USD for something like SBD if it were not for converting it without raising the price of Steem on the exchanges...
I think you could be right. I hope so! Sure would be nice. 😀
As I think about it it could also mean that Steem is about to implode 90% and people want to switch Steem for a guaranteed 1 USD. But his in my eyes does not make sense as they can sell their Steem directly on any exchange for 1.7 USD... let's see what happens.. ;)
Very good point! This platform is unlike any other, it's undervalued for sure.
its not $7 at the moment it is $11 right now this is exploding real quickly
Everything above 1.1 usd is strange if steem will be stable in price. I compare this to a stealth company takeover via buying options, so that the share price would not move...
But 10 usd for 1 usd worth of steem would indicate a crazy price..
That's true above it is strange to see everything above it is a bonus
Great information & helpfully .@mexbit
Upvote Resteem
Thanks for resteeming!
1st one is the best one!!
its too good!!
excellent post ..loving to your blog.thanks for sharing..
lots of volume pouring in and the exchange prices are going crazily up upvoted and resteem for others :)
In the coinmarket cap they are not showing the real live price of SBD they are showing so low value and soon the SBD will Fall and the Steem will go on top of most currecny i know that for sure :)
@mexbit - Sir you analysis the graph very well & shared a nice review.... Steem price looks at Bulls trend now.... You figured it well Sir....
+W+ [UpVoted & ReSteemed]
@mexbit
Wow..that us great news for all steemians...
I'm realy know my dear friend...btc...steem..sbd can change my future...
Cheers~~~
excellent & impressive market analysis. sbd seems going to peg at $10, then we can see miracles out there. excellent post. @mexbit
@resteemia
reteemed & upvoted & commented & followed
This explosion of SBD will make this social network also explode in number of users!!! which will be great in the long therm...
seems to me a very big whale of investors group is playing with the pricing and they could dump it too you never know with this market
Great analysis and huge information,
For your post propagation.
Upvote/Resteem
its a good time to buy steem as its price is undervalued a lot over the years
collect the hell out of steem right now rare opportunity to collect as much as you think resteemed
very great news this, also do remember to not convert your sbd to steem but sell your sbd on the internal market because otherwise you lose alot of steem :) I hope you knew this?
future is going to even cooler i guess with these prices more exposure of steem blockchain ...resteemed
That's true it doesn't make any sense at all to give that much
Thank you for sharing important details about steem & steem dollar.
Followed/ Upvote/ Resteem.
Thanks for the post @mexbit
As soon as I saw sbd go up even though I’m not really a trader or expert I had a strong feeling steem will be next so I powered down immediately to have all options open to myself if it happens
Thanks for sharing the Graphic chart..good update