SOLD OUT!
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Thats' what the 'Deposit Limit: 0 SBD' indicates.
It means that if you're paying in SteemDollars you'll have to wait in line.
...no more SP available to sell right now.
I checked Ethereum
LiteCoin
BitCoin
SAME THING
If you want to rent some SteemPower from BlockTrades.
take a number and wait in line.
ALL GONE.
This is particularly interesting when you consider
- We now have an inventory of just under 400K SP available for sale as 90-day Steem Power delegations.
Lookit the Graph...
about 20 hours ago what was the price of Steem?
Do the math
BlockTrades sold OUT....somewhere in the neighborhood of
1.6 MILLION DOLLARS
in less than 24 hours
did you get some?
No?
Shame on you....
strike while the iron is hot.
make hay while the sun shines.
when opportunity knocks.
answer the damn DOOR!
@everittdmickey Ok so I’m still confused about this whole delegation thing, I did buy but not rent!?!
Isn’t it better to buy then rent?
There's two ways to 'buy' SteemPower (I think)
Delegation is a different thing.
If you (or any steemer) has some SteemPower that they want to use for some other purpose than sitting in their own Steem Account you can 'delegate' it to some other account.
Steemit set up a special account for that very thing. It's called 'Mr. Delegation' in which Steemit has transferred a bunchaton of SP that is delegated to 'worthy causes' (according to Steemit). Something to do with 'anti-spam', 'improper behavior mitigation', 'minnow boosting' and stuff. Any Steemer can do that. If you thought that I needed some more SP you could 'delegate' it to me. (I never turn down free Steem)
OR..To someone else of your choice.
Some Steemers..(whales no doubt) see that as a window of opportunity. They have a bunchaton of SP (how they got it...who knows?)...so they 'rent' it to other Steemers. The 'rent' varies according to what they want it to be. You can use that delegated SP according to the agreement you have with the whale that you rented it from. Sometimes there are no 'strings' , sometimes there are. The Steemer that is renting it to you retains ownership. The delegated SP can be reclaimed at any time that they choose.
BlockTrades is one such whale. (Biiiiiig whale...millions of SP...a LOT). They decided to 'rent' delegation. I dunno what they charge...I seem to recall that at one time the ratio was 50 SP / steem. I'm sure it's changed since then.
The 'rented' SP that you then have in your account can be used in many ways.
I just leave it sit. It increases my 'Vote Power' and the amount of the rewards I receive.
I think of it as 'leverage'.
does that help?
Yes thank you
Leverage now that I understand, I thought I understand how crypto currency’s work but this one’s a little baffling.
If I was a whale I would definitely delegate to you
thanks...it's always good to have friends in low places..
(whales....masters of the DEEP)
It sure helped me! Thanks for explaining it.
I was unsure what to do - not that good at math and calculating ROI - but I took your advice and bought some yesterday! So thanks!
you're welcome.
at the moment the ratio is 1SBD gets you about 10SP for 90days.
it was much better earlier...
supply and demand is a thing.
it’s fine dan is powering down
What´s that mean? What if he sells too?
He is selling it on the open market. Banking on an EOS social media platform but steem is way ahead. Will take years to catch up.
it's his money...he can do with it what he wants to.
no one can decide but him.
We are accustomed to these sudden changes, the most important thins is what are the effects, however negative or positive. @everittdmickey
it's the nature of a free market to change..
the market is always right..
The late bird gets no worm?This here plankton didn't get her golden microbe?...got a little...but wants more.
Will sbd stay higher than sp?
And keep climbing?
no idea about SBD/Steem..the market will decide...
me thinks you can STILL get some more delegated SP..
you can buy it now..then when some becomes available they give it to those 'in line'.
I hope the market will decide, and not interventionist witnesses, who think they know better than the market - and want to make sure 1 sbd is pegged to one dollar.
It always work out well when people try to manipulate money markets....
the 'peg' only works within the STEEM ecosystem
once SBD gets OUTSIDE...it get's to play with the big boys.
the market decides what's it's worth.
SteemWhales have no say.
erm...I hope you are right...(it's a 'need to look in the mirror moment, and say to myself ' I don't understand' ...)
😂
You were exactly right that it would sell out very fast! What rate were you able to rent it at??
dunno...didn't check.
update: the rate is 'about' 1 SBD = 10SP for 90days.
Market Manipulation... its all a big ass game. If you can make people buy believing one thing... that its going to go up. Then it goes, same as if you cause a panic. The whole crypto market is volatile at times because of those kind of characters. Still you can´t be mad everyone knows whats going to happen.
Alot of these guys are probably trying to cover costs wherever they can squeeze it with the rapid drops in the market. So lets see what happens, glad you brought this up though.