This is the daily AgX chart for today 2018-02-10.
Today's 200 Moving Day average is 0.96. The current STEEM/SBD ratio is 0.94. The AgX is 0.97.
We're basically sitting on the average Steem:SBD ratio. AgX doesn't tell you much here, but can be useful at the top or bottom of the ratio to show you the risk reward profile you may be keeping by holding there.
What is AgX?
The Mayer's multiple (200 days moving average of the BTC/USD price) is known to be a good indicator of the BTC price evolution.
AgX aims to be a similar indicator regarding the STEEM/SBD ratio, in order for users to find the right moment to exchange their SBD for STEEM at the best possible rate.
Still working on some bugs for this, but I'll move it over to the account @agx in two weeks or so.
Original idea by @aggroed (Vote for witness)
Developed by @stoodkev (Vote for witness)
As of last night SBD to STEEM was 1.125:
So I've been buying Steem Power with my SBD and will continue that while its in my favor.
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Fairly even /consistent for some time now.
Do we expect the value to STEEM to out-pace SBD significantly in the future?
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It's a yes from me, but pumps are seemingly always a possibility for SBD as it's traded just like everything else.
Guess who sold some this morning? DOH!
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An hour ago, this was the exchange rate:
1 SBD = 1.15 STEEM
Now, it's going down. Question: how do we use AgX?
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Yeah..it is time to convert SBD to steem..hurry up.
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Thanks for sharing this useful information
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Buying STEEM with SBD is a good move now!
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really extraordinary information from you ,, because I am not an expert ,, just your post I know ,, sunnguh interesting disimak ,, permission share yes bro
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yes, hopefully with agx can boost SBD exchange rate to steam
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thank you sir informing us
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this is very informative blog .thanks to you for sharing..i praise
you..
Carry on
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Congratulations, you were selected for a random upvote! Follow @resteemy to increase your chance of being upvoted again!
Read more about @resteemy here.
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in the next few days.all people in steemit will smile, for this improvement, thank you for sharing
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Hi aggroed.. This ll be helpful for finding right moment for exchange.. I am going to search it more asi am new and dnt knw much.. Thanx for sharing..
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very important news
thanks for sharing a valuable news
keep it on
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Thnaks for info !!!
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Another very helpful tool!!
This is amazing. Still, I'd like to know more about AgX and how it works.
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Unfortunately I converted around 20 SBDs to Steem when Steem was 1.2 SBD. I thought it will never match Steem again with all the $1 peg discussions.
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Great job @aggroed
Im gonna be among the first set of people to use this great innovation. U've got my upvote!
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Market SBD very good
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@aggroed, your tips/information always comes in handy and not just handy, overtime, you have proven to be very good at what you do.
Guys, I'll suggest or recommend we take this seriously.
I've used @aggroed tips and I don't regret it in anyway. I'll suggest you take this info as something that would've of positive effect.
Thanks @aggroed for sharing
Regards
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Amazing information sir/mam... thanks a lot for sharing again about AgX... 👍
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STEEM is building nicely. No idea where SBDs are going, I suspected $1 but perhaps another pump before then. Who knows, just keep blogging I say!
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This is a good way to guide steemit users on where to maximise the most of the exchanges. Targetting the best price to exchange SBD for steem will maximise the yields we get from the payouts.
We appreciate your endeavors in making steemit a platform people can look upto for income.
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Truly speaking I am also waiting to see this change and finding right moment to do this.
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good post thanks for sharing..
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Price dips is the time most rich becomes richer.
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This chart is very helpful
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