We have been talking about SBDs for a couple of weeks now..
For those of you who can't keep your head on straight over $10 SBD... You could be in for a rough ride ahead and you haven't been paying attention.
If you are mad other people are getting this bonus.
- It is distributed in the same percentages as the reward pool, except where people voluntarily send it to someone else to purchase something... Like a vote. That's called business folks.
- If you saw it go up and immediately started voting for yourself and changing your game plan and trying to collect them all.
You are thinking small.
I wonder if the people who worked on ETH felt their price rise came a little fast since it was $30ish a year ago. Imagine how poorly equipped you are to handle what the future might hold if you are upset or overly excited over $10 SBDs
We do not control the prices, many investors traders and others do not review the white paper or understand our currencies. They see the logo, they see the name, they see a chart, they buy and sell. When new money comes into the market it goes to many interesting places.
It will likely go down, and back up... etc.
For some of you the idea that you have intentions to crash our own price without a real plan to fix the problem is actually the worst course of action I have ever heard of.
Get used to it, this is an emerging market there is a lot of money in the space and not a lot of working projects. If you are upset/excited this was a practice run.
Do you wonder if back in the tech bubble the leaders of Google and Yahoo, were running around acting like poor kids at the scene of a armored truck crash when their IPO went to the Moon?
I don't think you have seen anything yet. Better practice.
Can you imagine how it will rock the community if we see some of growth that other crypto projects have seen?
Stop acting like Looters after a hurricane.
I am having alot of fun here :) love this place and I am pretty sure there needs to come what needs to come for SBD and steem prices and we'll be happy enough!
Well said! I can't pretend that one of my big motivations for joining wasn't the possibility of financial gains, but I've said time and time again that what has absolutely captivated me is the community that Steemit has nurtured.
It's now the only social media platform I use, there's no trying to show off to friends you haven't seen in years, or bemoaning a terrible day and how crappy life is. It's a place where people seem to have a shared attitude towards life, on the whole choosing to be a part of something special. I've recommended Steemit to so many friends, most of whom have been spurred to join by seeing the dollar signs, yet the ones that have stuck around and even had success are the ones who have bought into the community and ethos and worried far less about the dollars.
Lets not forget that SBD/STEEM at 1USD is still pretty cool! Quit the moaning and let's bring everyone - and the platform - up together!
I feel like the platform as a whole (with the exception of stupid people and their stooopid scams) invites a much higher intellect and demands a higher level of decorum. It's a place where REAL ideas can be shared, creativity is required, and actual conversations can take place. It's a challenge. A good one. And I like it. And the growth is invigorating.
Hi @whatsup! Hope you have a lovely and happy new year! Steemit has been good to me this December, but what you said above is very true...adapt or die. That is my motto.
lol, another person who tells it like it is! December has been good to many of us. Interesting how some can't seem to handle the good times.
Happy New Year!
Ha ha. I am the most straight forward person I know. I scare myself sometimes!
You explain it very well except one thing that our steemit organisers realising more and more sbd's to maintain 1$ mark
Oh boy, do I agree! I am not rich, nor am I poor..I am simply uneducated in the realm of cryptos. I do study and learn, rinse and repeat and remain steadfast in my belief that the knowledge will come when I am ready to receive it. That's the way the universe works. I trust in Steemers like you, who have been here awhile and have a level head about things. Not so much the ones who cry wolf and shout about falling skies lol.
I wish you and your family a happy, healthy and profitable New Year!
No kidding! Good grief. Settle down children. I'm selling off a little, but powering up most of it still. I dunno. I still have faith. I consider it play money for now. I try not to get too attached to it. Things are still so volatile.
Very on topic.
What I am wondering is this: if sbd is supposed to be a pegged crypto currency equivalent to a dollar, and steem is advertised as the more convertible and exchangeable token, then why is sdb the token that is getting pumped so much? And how is this? And why exactly are there two different tokens anyway?
Also it’s been brought up before on other posts that the true value of sbd is about 5-10 times higher than steemit calculates. And there is some resistance to making it more accurate...
I guess it is unreasonable to expect and entire base of traders and investors to be able to take 2 currencies with nearly the exact same name and the exact same logo and know the difference. lol. I am thinking they are being confused and being traded. I own some things that I don't really know what they are.
One is supposed to be pegged to a dollar but at this point there is no way to keep it down besides selling.
I think the resistance is how to keep it down
Haha and do people WANT to keep it down? I’m all for the value going up, but not if it becomes a mad scramble. Come on folks, we are experimenting with abundance here! No need to gorge ourselves at every meal like we won’t have another one.
Mind blowing Blog post dear @whatsup. I'm 200% agreed with your positive thoughts, you rightly said:
We do not control the prices, many investors traders and others do not review the white paper of understand our currencies. They see the logo, they see the name, they see a chart, they buy and sell. When new money comes into the market it goes to many interesting places.
Also quoting a very good example of ETH is the nice way to understand. Actually people really think small. They use shortcuts. And I bet such type of folks weep in a very short spam of time.
I do agree with your overall stance and really appreciate it. Keep spreading positivity and Stay Blessed!
BY the way you nailed it by writing this statement:
Can you imagine how it will rock the community if we see some of growth that other crypto projects have seen?
Stop acting like Looters after a hurricane.
If I’m going to do all of that running, I’d better get some new shoes.
d.tube and SMT’s have huge potential. Combine that with the strong possibility that 2018 may be the year that crypto and blockchain technology go mainstream and you have the recipe for a perfect storm of explosive growth.
All that and Steem’s blockchain is way more capable of handling growth than either Bitcoin or Ethereum.
Our blockchain can handle it, not sure about a few of our whales. :)
@whatsup I Love STEEMIT and the recent price of SBD has been a Joy to see. I think it could go to very high prices that most people will not believe and in a TRUE FREE market Supply and Demand is in Charge...............
I think the same thing Is happening with Ripple at the moment, people see it rises and they just buy it, "hey its cheap just 2 bucks maybe it will be worth more than a bitcoin someday"----no it won't.
Absolutely One does not simply stop being poor at the same time mentioned why it important for the forks by writhing these lines
I do believe the coming world is all about of digital currency and BTC will lead it for sure.
Thank so much for removing my confusion that how does it work actually
You always come up with the best guiding analysis regarding investment by throwing a deep light on Steem and on it's growth @whatsup
Keep sharing such valuable researched information with us.
Stay Blessed, Steem On!
I was wondering- WHY is everyone so surprised that SBD is going high and not magically worth 1 USD, what I mean is: what metric would have kept it worth 1 USD -- shouldn't and won't the free market decide the value of all crypto??
People haven't even thought of SBD going to $17 mark but it went and lot of Steemians made some good money in short period of time. This happened thrice that SBD price went up the $12 mark in 3 weeks time. Steemit is growing as more and more people are joining it. There are new apps, SMTs, charity related project and what not. This is what differentiates Steemit from rest of the coins. I'm 100% agreed with your thoughts that are soon going to become reality, a reality that will shock many.
Thanks @whatsup for a thought-provoking post.
@whatsup,
SBD peg to $1, this is what I heard, so we got a bonus and we enjoyed it by current price up! Anyway when it drops, it will little hurt, but with a clear mind I know it will happen anytime, so I was collect SBD, covert them to STEEM or other and prepare for the future!
Anyway I have faith on SMT, sometimes we will get another bonus again :D
Cheers~
Heck, the only thing Im upset about is getting to Steemit only now instead of two months ago or something.
But... Still plenty of time to enjoy the ride I think.
ups & downs are common kin crypto world. no complains, no tears, it's the style ;) @whatsup
@resteemia
looks like we are coming back to the earth where $1 SBD exists lol
no one is a loser everyone was a winner at this time around just chill and wait for another hurricane
Who's getting upset at the high price of SBD? Serious question. I haven't seen anyone complaining.
Some users have observed that some whales appear to be intentionally upvoting posts with full power to increase their proportionate SBD payouts and then sell the SBD to apply pressure and bring the price of SBD down. Some contend that they are doing this because since SBD has risen, it has incentivized minnows to use voting bots and try to compete to get attention and votes for their posts. It's a mess.
i appreciate your think tank, that suddenly price goes up and people start buy and sell to make money. i think there should be a balancing while price up and down.
We have achieved a big jump with SBD in the month of December was the end of a wonderful year we hope that will continue to support this currency to be the beginning of a new year coolest next my sweetest friends
@whatsup some people calling crypto market a bigger bubble then the dot-com bubble and it will crash soon but for the beleivers market will skyrocketed any time
Sbd grows with your contribution
I completely agree with you! You always post thought provoking posts and share very valuable information with us. I appreciate your efforts to make us aware of important things we should know. Thank you so much @whatsup! ☺💚
Thank you for sharing this very important topic for beginners I personally exhausted it. I hope to be a great development in SBD. We have to win in this currency and give all the confidence to a platform STEEM.
Well said bro...i am also feel very bad for the rate of the current sbd..every day i saw the trade rate it showing lose every day..i felt very sad..and also i have a little hope it will be raise after some few days..every one keep the sbd in yours dont withdraw present time..its a very bad situation for steemit holders...
Nice post. You always upload helpful and important post. Thanks for sharing with us sir.Upvote and resteem done...
Hey @whatsup, I understand this:
Also this one:
So, what's your strategy regarding SBDs?
Good post. Shared.
Steem On!
I sell mine, I have been powering up some of the rewards and putting the rest aside for investments. It is fine to hodl it or sell it, but everyone just needs to keep their heads on straight.
I don't know if I will power anymore while the whales are acting like children though.
LOL! They're hording still. Last year about this time they kept powering down. It pushed the price down, discouraged investors, drove away minnows, and disgruntled the fan base. They need to decentralize a bit more. It's making everyone nervous. Read this post by @ats-david. Also, vote for him for a Witness. He's always been on the up and up here and keeps things in check like a champ.
@whatsup, Well, talking about some of the Whales, their role has been very negative ever since the SBD price went up. I've been posting intelligent and engaging comments and they have been responsive until this SBD event happened and never changed. What they do is, they post several posts a single day and below every post, they have a top comment of their own because they upvote it with full power. So, I stopped commenting on those accounts.
Regarding SBD HODL part, yes, I'm HODLing because I strongly believe that their price will hit at least $20 when BTC hit $25K in January.
I have heard that price of SBD will reach 30 USD at the end of Jan 2018.
thanks for sharing this sir..we ll hope for the best..hope the upcoming year would be a great year for steemians :)
unfortunately I didn't witness those tech bubble back then. I heard so tough. But yeah, things could go to the moon, or the back to the earth, it is just what the traders and their money want. From my amateur point of view.
they will probably be inside the hurricane next time lol...
Completely agree. The dollar signs shouldn't be your only motivation to write, although I'll admit that it's nice seeing SBD hitting so high lately. My only regret is not joining sooner, haha.
Amen!
@whatsup - Ma'm thanks to SBD & STEEM price I had a wonderful X'mas time... This is the crypto world, so pump & dump happen here... One day it'll rise again... I like your advice... 'Stop acting like Looters after a hurricane.'
You gave the message directly... Nice you shared this article ma'm...
+W+
This post has received a 1.51 % upvote from @booster thanks to: @whatsup.
I see that steemit is social in crypto
Hi @whatsup! Hope you have a lovely and happy new year! Steemit has been good to me this December, but what you said above is very true...adapt or die. That is my motto.
hahh rough ride ahead for sure as many who just joined in will freak out where the money gone lol we have seen sbd of $0.88 just imagine those days
the practice was so beautiful just imagine how more beautiful it is gonna be
let their be growth and flourishment of success all over
the future is not yet know so i am waiting for the big surprise ;)
lets take it to the moon but we need boosters
we all be poor if it goes in cent lol
time to buy sbd and get rich ;) Happy New Year
the up's and down's of life with sbd