Steem Nearly Touched $8! - SBD Comeback?
View this post on Hive: Steem Nearly Touched $8! - SBD Comeback?
I have moved all my content away from the now centralized and controlled Steem blockchain to the decentralized Hive blockchain.
View this post on Hive: Steem Nearly Touched $8! - SBD Comeback?
I have moved all my content away from the now centralized and controlled Steem blockchain to the decentralized Hive blockchain.
Are you serious, you are saying:
where the next target is $37 for SBD
Do you see that you are exaggerating, some thing
I hope this will be, when it will become him and we will all be happy.
for steem maybe rich next year 100 usd and sSBD can go more higher to 1 k usd next year
Well, according to the trader analysts I have read it will spike that high and fall back to something over 20. But please don't take my word for it. This is just speculation. But apparently the low supply and marketcap can quickly pull the coin up.
you know i felt the same way, it was so WEIRD to see STEEM go up like that when we have seen it so low for so long. i'm really glad to see steemit get the attention it so deserves! :)
We are living the revolution!
I am very much in the "it feels to good to be true" camp. Long may it continue. This article is 3 hours old and the price is up another dollar : )
Awesome @flauwy sbd/steem ratio is so important - @penguinpablo recently added the median price chart which shows the current steem price for payouts as published by the Steem witnesses. Click on steem price to see the chart: https://www.steemnow.com/
Here is the post about the update:
https://steemit.com/steemnow/@penguinpablo/steemnow-com-update-steem-price-chart-added
Awesome info! Thats fantastic to know.
Thanks for this @otage. I've found the median price chart but how do I work out the ratio?
The median price of Steem has to do with your payouts.
For the the SBD/Steem ratio you must go to your Steemit wallet and click on the arrow next to Steem or Steem Dollars which will access the Market in the drop down menu. The Market will show you the current ratio and you can also convert from SBD to Steem or vice versa very easily here. The current SBD/Steem ratio is 8/10 so the SBD price to buy Steem is 0.80 Steem. The price was as low as 0.19 Steem very recently which is much better for those of us who are stacking Steem!
Here is the market page - I circled the SBD to Steem conversion price. This is what you want to keep an eye on. The lower the better for buying Steem. Both SBD and Steem prices rise and fall but the ratio determines how much Steem you will get in exchange for the SBD.
Thank you so much!!! 😊
Hi @otage. Can I just check if I've got this right?
When I look at the ask price today it is 0.79 which is similar to the above. When I first looked before Christmas it was 0.36 so am I right in thinking that would have been a better to try to buy steem and then power up?
As I'm very new here is there an argument for powering up no matter what the price to get more SP or is the amount I'd get not likely to make much difference?
I don't really understand how powering up benefits me. I think it makes my upvote more valuable but does it have any other implications?
Thanks for your help!
Yes you are correct .36 is much better than .79 because you could buy double the Steem for the same amount of SBD when it is at .36. Powering up is necessary to increase your voting power and I highly recommend it. Doing it regularly is probably the best way to go since you are just starting out. This will give you a good average over time and not be as risky as trying to time the market. The only thing to watch is when SBD drops below the price of Steem and the ratio goes above 1 the price will be too high. At that point it is not beneficial to receive the 50/50 payout and you should consider switching to 100 percent power up of Steem. But you must select it before you post - it is an option on the bottom right of your posting window and it cannot be changed once you post until your next post. Also be careful because there is a third option in the menu called decline payouts. This does as it says and keeps all the payouts in the rewards pool no matter how many votes you get and can’t be changed until your next post. It is used for various service messages from Steemit and people that want to show trust by declining payouts. I have hit it by mistake on my phone app. :) A few other things about powering up: Steem that is powered up will continue to grow to counter act the dilution of Steem that occurs overtime with the creation of new Steem for rewards etc. Also Steem power is safer from hacking etc. because it is locked up for a period of time. This gives you the time to try to recover your account if anything like that happens before the criminals could transfer out any Steem power. So to unlock your Steem power to move from Steemit or transfer on Steemit you will need to power down. The process takes 13 weeks. You can choose any amount that is available in your wallet. You will be receive 1/13 of the selected amount in negotiable Steem at the end of the week for 13 weeks.
Thanks again @otage for taking the time for further explanation. This stuff is challenging for those of us who came here for the social platform and have no experience of trading.
No problem. One big thing I forgot to mention. There is a quirk in the system that always pays out SBD as if it were equal to $1. So even though the price of SBD is currently at $9 they will pay you as if they were only worth $1 so it is giving us a 9 for 1 bonus. Keep 50/50 payouts unless SBD goes below $1. The ratio is just for getting a better price on Steem.
Well now you've lost me. 😕 Mind you it's getting a bit late so I'll re-read in the morning. 😁
I'm into my third week on Steemit and, despite reading lots of posts and watching videos I just can't get my head around Steem, SBD and powering up.
I powered up some Steem just after Christmas but didn't know how to do so with SBD. And people seemed to be saying that now wasn't a good time.
So would you recommend doing nothings for now @flauwy? I feel like I'm never going to understand this. I'm trying but so far I'm just not getting it.
You cannot power up SBD. Only Steem. If you want you can sell your SBD for Steem and power that up. Nobody knows what will happen. All we know is that we all want more Steem Power. ;)
I will wait with my SBD and see what happens. I might loose money that way. I might gain some. Either way, I earned it all here so no hard feelings if it doesn't work out for me.
Thanks for taking the time to respond. It's much appreciated.
I was already wondering because I was also the opinion that the upvote power should have beenn increased. But thanks to your post I understand now that there is a delay and also depending on where the Steemprice is standing.
I just learned the delay is 3.5 days. The current avergae value of Steem is at $4.82 and will pull up more and more with every hour!
What I don't quite get is why do people invest in STEEM on exchanges? I can understand SBD as it is unique such that it should never drop below $1, but what's the value of STEEM exactly? I'd love to get your opinion on that.
Steem is the most valuable ressource on the planet - after water. With Steem Power you can make soooo many good things. I wrote plenty of articles about that.
https://steemit.com/steem/@flauwy/steem-investor-guide-how-to-make-money-with-steem-power
https://steemit.com/steem/@flauwy/10-amazing-reasons-to-invest-into-steem-power-for-entrepreneurs
Hehe, quite the statement, but I'll take it 😁 Thanks a bunch for linking the articles. I'll dig into those!
That would be awesome if the ratio bumped up again, i'm all into getting more STEEM / peace
Make it at least 1:3 dear Steem spirit.
Deal !
Hey @flauwy, that you for the insight about steem etc. I am new to this and still have so much to learn, but I didnt know that earn't steem becomes less as the price goes up. I am not complaining as I really can see this platform really taking off on a massive scale. So better late than never.
Well, you might end up earning MORE Steem because now more people have high votes. Just the same payout is now giving less Steem than before. But I am sure that is not a problem.
could sbd go more higher than this ??
Maybe! Chances are not that bad as it looks right now.
and i thought it should reach dollar one soon
For those of you asking, the votes haven't increased in power because it follows a 3 day Steem Price Average.
Cheers
Thx. I thought it was seven.