Obviously, when I saw the spike pictured above, I got excited. Then confused, because the value of my account had not increased proportionally. Poloniex still showed a price of $1.72 per SBD. That was after a similar spike some days ago where the same thing happened.
...And now this? Seriously? Pump and dumpers, it has to be. Guess what? They're in a small, exclusive club and we're not in it. They're getting rich by manipulating the market value of a crypto we believe in, and many of us rely upon. What recourse do we have?
Nothing, that's what. Because the crypto market is unregulated. Not that I want it to be regulated mind you, it's just frustrating to watch baboozery like this go down in the plain light of day with fuck all being done to stop it.
Hopefully the actual price of SBD on Poloniex that's relevant to us begins to rise organically, long term, instead of this bipolar up and down rollercoaster of scary uncertainty. If anybody has more information about why this is happening (besides the HitBTC stuff I already know about) then drop that info in the comments.
Stay Cozy!
@alexbeyman,
This makes huge confusion! Better check Bittrex price ticker from coinmarketcap!
Cheers~
Okay, I know nothing about the currency markets, But if this just started 1 week ago, I would start to look and see if there is any correlation to microsoft talking about, then buying github. As I did on a previous comment on another post: Look at what happened to IBM-DOS, PC-DOS, after MS-Dos. Look at where Netscape ended after their scrape up with Microsoft. Where is Word Perfect at today? Oracle Database? How soon before anyone leaving stuff on github becomes a de facto employee of microsoft with no pay, but lose their intellectual property rights, because Microsoft Bought all of github. But they are not out to get anyone, they are not out to close down any and all open source projects that threaten their world, no microsoft would never do anything like that. would they.
I also do not understand about this. In fact, I really hope SBD can skyrocket again the price as of November 2017 ago.
I really wonder why many people seem happy with high SBD. We don't need high SBD! We need high STEEM and we need stably pegged SBD, if possible pegged at round and about $1,-.
Maybe because SBD easily we get through rewards in every post. If the division is larger in STEEM, maybe we do not care anymore about the price of SBD either high or low. That's my opinion Mr. @pibara.
I also do not know what is happening out here with Sbd i am so much confused with this..
Someday i see rise and the after few hours we come to know fall of sbd..
Is there not any solution this problem that tgere will always rise but no fall i hope ..
That's not what SBS was supposed to be about. SBD, ideally should drop back to round and about $1,-. It is STEEM that should fluctuate and that we should hope goes through the roof. IMHO after six months of perpetual pump it is time to accept the single peg idea is useless and SBD should start preparing for a move to a double peg IMHO.
Hmm I had no idea it had spiked that high. I don't check the price of SBD more then a couple times a week.
Have you thought about setting sell orders at high prices to pick up some of these spikes? it wouldn't always work and you would have to keep some locked up in sell orders. I've been considering it myself rather then just selling at the market rate.
The spikes never influenced the value of the SBD we have on Steemit because it only happened on HitBTC and was excluded from the averaging algorithm. It gave me a scare, but none of us actually missed out on anything.
That's good to know. Have you traded at all on HitBTC? If so is it easy to open an account?
I made an account, but couldn't buy or sell. There was an error message saying it was temporarily disabled last time I looked. (A few minutes ago)
Thanks for the info. Unfortunately I have found it all too common that when one of these crazy price discrepancies occurs that there is some stupid road block to capitalising like being unable to deposit, withdraw or open an account. Stuff like that.
I am pretty sure the exchange operators create "technical difficulties" that are used as an excuse or cover for price manipulation that they directly or indirectly profit from.
That's my guess too.
I really thought it was just a glitch. It's a shame if it's due to greedy shenanigans.
It's been this way for a week, so many people have sold their SBD and steem due to what they see on coinmarket as well, I don't know what's causing the pump.
Steem backed dollar will probably eventually go back down towards the dollar peg, unless it get manipulated again. It all depends on how many witnesses support the peg
I hope it doesn't. I budgeted my life assuming it would never stay below $2 for long. Either it needs to stay above $2 or I need more whales. :/
Quite a few people are in the same boat, I am just keeping on an eye on what witnesses and whales are doing.
I think the exchange hiked the price and yet stopped people from trading. Maybe its trying to get other price sent high or there about. Either way i think its time sbd price goes up
Frustrating when there’s nothing that can be done about it 😕 Part of the crypto game, I guess.
SBD price is so low day by day.its a so bad news for all steemians .
many markets will continue to see the 'whales' do this for a few more years yet - think about the 350bil total mktcap compared to total world money like 1.2 quadrillion - it will take some time to 'soak' that up ;)
in other words - hold and have patience
Exclusive club.. That sounds right to me :(( This is terrible. Even though small accounts, how can they do it. This fluctuation is making me crazy too. Why cant we join it.
i dont think it is real
only coinmarket and few others show this increase
on some others highest value has been around 1.80
There’s a glitch and that’s why those exchanges aren’t allowing selling or buying to occur
It was just December 2017 when SBD was worth about $13. Now it barely stays at $2. It really sad to watch pending payouts diminish in value as well as the account's worth. STEEM..SBD need to stablely rise.
no info about it , but i can say that its the rich people's diplomacy . they want their hot pockets and dont care about the consequences
I've heard several things about HitBTC being sketch recently from certain Steemit users. Things such as they don't have real coins for trade and it's all basically IOU's, and other stuff like that. No idea if it's true, but I definitely believe there's something suspect going on there which is why Coinmarketcap is excluding the price.
Both the times i was thinking that i missed the chance but in actual there is nothing like that.
Same happens with me too. I hope that happen in real for long term.
Alex - I think CoinmarketCap developers should needs to avoid using HitBTC price manipulations while calculating the average of SBD price...
+W+
Yeah, it's really very confusing.Even I also get excited but later I understand that it was not exciting at all.
I think Coinmarketcap is making an Average of the markets that have SBD to give out the price of it. You can check on SBD's page on Coinmarketcap the Market tab and see all the markets and their SBD price. One of those markets is HITBTC where SBD got even to 70$ these days. HITBTC created that boost for the SBD price.
Check here: https://coinmarketcap.com/currencies/steem-dollars/#markets
Mehn this pump was crazy. But what i dont get is why the price hikes on only one exchange and doesnt show up om other exchanges. This really sgows price manipulation but lets just watch and see how it goes.
They are manipulating the value of sbd with a little volume, 40k$ was enough to take the sbd to 38 usd on hitbtc, they are just playing mind games with us.
Your information is very good and thank you so much for this cryptocurrency,and market SBD.Thank you for this post sharing
Very good information for steemians. Your cryptocurrency market analysis is very nice. Some days SBD market is up and down. Thanks for sharing sir.
yeah i too am confused with it.hope it will be resolved soon
yes the value is increasing and decreasing
dont know when will be the heighest value
I am seriously watching the drama. It is confusing to me.
Crypto being the wild wild west has it's good and bad in it... I am constantly getting DMs on discord or other platforms for these pump groups... it all sounds so wrong but you can't really stop it. And it's worse when you get it on a massive and longer term scale with whales making the market dance.
Whatever be the game i just want sbd to rise like in the days of november 2017
Sir if we talk about sathoshi value hitbtc price is 3 lakhs where polonix value is 22000 per SBD if we average all the exchanges value generally we gets higher value than what we are seeing in our exchanges,i hope you like my answer.
I am new on Cryptocurrency. So, I am really dark horse about it. But you can do better for me as a real guide. I think Cryptocurrency will go up within few months. Thanks for your important post.
Hitbtc manipulates a lot we cant send sbd to hitbtc they are also manipulating sbd price a lot really frustating.
Hitbtc is major reason sir rather than that i too cant find any reason regarding sbd.
If sounds like Poloniex is a shallow market for SBD. If you are relying on SBD for sustenance, you may consider looking for alternative exchanges that trade SBD at a premium to Poloniex. Rotate the exchange you transfer to based on the best value. Also, are you tracking SBD to USD or to another crypto currency? Possible better value swapping to BTC? Better get you calculator and spreadsheet out for this one 😉
Hold on... It isn't a glitch?? If it was a pump and dump, shouldn't the price rise on all platforms, as opppsed to Coin Market Cap only? Really hope it's an error... Pumps and dumps will be bad for our blockchain.
SBD has been way too high for half a year now and it seems the witness crowd is rather stoic about the complete and utter failure of the singly pegged coin, that has been unusable for goods and services trading now.
The solution I think is pretty simple: Make SBD doubly pegged with some reasonable bandwith. Instead of a single unidirectional peg at $1, move to something like this:
A double pegged coin allows for a services economy, a single pegged coin, as the last six months have shown us does not. But while the fix would be simple, most witnesses seem to no longer have their eye on the ball in this game.
I don't know what is really happening with the cryptos. I heared that is fault of the us regulations to the Bitcoin. Now is perhaps fault of Microsoft. Maybe are just Iluminati's stuffs. I dunno. But most exchangers waits for Bittrex's prices.
I appriciate you sir for posting this question as a new bee as a found some answer from your blog that the price in exchanges may vary thanks a lot sir.
SBD price is so low sir as of now,frustrating me a lot.
Dont rely on poloneix either. I do consider both hitbtc and poloneix as uncomfortable exchange. Al this fake spike in SBD is due to fake pumping by Hitbtc and in hitbtc day before yesterday the price of sbd was 150 usd. can you just imagine !!!!!
But lets dream for a real pump in SBD in future.
Its HITBTC Magic sir nothing more than that.
Its the same old issue.
There is probably a mistake.
The value of SBD is fluctuating so much 😕
resteem your post...have a nice day sir