BTS, STEEM and SBD - Price of All Went Up!

in bitshares •  7 years ago 

The twins BTS and STEEM did it again. For different reasons and due to different situation but who cares.
Lets have a look.

Bitshares


Bitshares lost Bittrex lately but exchange that seems to be second most popular picked it up - Binance and price went up. Notice how in just 1 day they got 2 spots in top10. I have been telling people to register there since long time already. If you didnt, CLICK HERE AND DO IT NOW!

SBD


SBD should always cost 1 USD, but pretty much peg often breaks due to free-market. I remember when SBD got up to 7 USD (if you have time, i have made a comic about it even!) and today it got pumped on Bittrex.

STEEM



STEEM also pumped but was killed fast so didnt do any spectacular moves. This just shows how you should HODL to your coins as you never know when they go up and it can take literally seconds.

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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Bitshares is on fire - many exchanges listing (binance, zb, aex, xbrick, u.cx) and more importantly... some are starting to use bitCNY and bitUSD as base trading pairs. This is huge news for BTS as bitCNY and bitUSD are backed by 200% of their value in BTS collateral. So the more people use bitCNY/bitUSD the more BTS is locked up as collateral, reducing the circulating supply and putting upward pressure on price. bitCNY supply has been growing massively as China discovers how fast and safe it is - which means millions of BTS are being taken off the market. Booooom!

  ·  7 years ago (edited)

@johnsmith as you said " the more people use bitCNY/bitUSD the more BTS is locked up as collateral, reducing the circulating supply and putting upward pressure on price. "

This is amazing and it is the case

I think steem price right now is a joke. everyday is on sale

  ·  7 years ago (edited)

@javybar yeah steam rate is lower

Now the steem price up after a long time.

steem price up after a long time. yes, x4 value

  ·  7 years ago Reveal Comment

This post has received a 10.0 % upvote from @boomerang thanks to: @babarrajo

@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.

You are a vote prostitute and should be ashamed of yourself.

Lol maybe it is a classy prostitute.... like an escort :p

Nah, I think it's one of those that offer you a "happy ending" after a body massage.

I'm a proud circle jerk voter.

haha, yeah that sounds like an accurate description inbetween the two analogies; I concur ^_^

You are great

  ·  7 years ago Reveal Comment
  ·  7 years ago (edited)

@babarrajo steem price going up that is what every one here is waiting for

CHA CHING and then I always say to myself why didn't I pour more of my life savings into this lol

I know right !!!

@bitcoinflood that would have made you a billionaire by now

Yep something really strange happen with SBD :)

I woke up this morning to see that... I was quick with the little sbd I

Right on brotha!!! Im celebrating right now hard I just killed it with bts Holy Crap hahahhaa

  ·  7 years ago (edited)

Congrat to you @cyberblock

Wonderful news to wake up to, thanks for giving us a heads up, appreciate it!

Thanks dear king I bought 20000 BTS @0.05$ feeling blessed thanks bro.

Wow! Thanks for the heads up.

Why did Steem and SBD jump so much? Is this a pump or based on news?

Looks like they began trading on the Korean Exchanges today. I made a post about it:

https://steemit.com/steem/@freeforever/breaking-news-steem-and-steem-based-dollar-is-skyrocketing-steem-sbd

so China and Korea pump coins based on Graphene ;)

is Xhina doing investment secretly? Becasue they banned many ICO fund raising.

If the money is already in crypto...

on which exchange you trading

I try to mainly use COSS but I’m invested in it.

Awesome! Gonna read your post now. Thanks!

Anyone know why the price between SBD & Steem are so different?
I'm guessing it has something to do with the supply.

In theory SBD is supposed to stay at $1, while STEEM moves according to supply and demand. In practice SBD is not perfectly stable at $1 and is susceptible to these sorts of pumps, only returning to $1 after some delay.

We have internal market makers who are assigned the task of providing liquidity and meeting demand when necessary, correct? Or is that something the witnesses are responsible for? Or is it a combination of the two? What are the mechanisms to keep SBD "pegged"? Would be a great article. 😉

SBD is what one might call 'half-pegged'. That is, pegged from falling much below $1 but not particularly from rising about $1. If it falls below $1, then market makers (or anyone) can profitably buy up SBD, and convert it into STEEM, both raising the price of SBD and reducing its supply. However, if it rises above $1 then the only mechanism to get more SBD into circulation and satisfy that demand is to wait for more posting rewards. There are both advantages and disadvantages to this system. A proposal was made by @timcliff to allow conversions in the opposite direction which would make it more of a real-time two-way peg.

Thanks so much for helping me to better understand SBD. Very interesting. I think I kind of like it as it is.

SBD can be used differently right?

Supply is the thing but demand also plays a role

Yeaa

So gutted I missed the peak! Unfortunately I need to sleep.

right........!!

WOW, I just voted UP on your posting and It went from $98.00 to $125.00

That was $27 difference

I've started using bitshares this week, its an amazing platform!

yea but the internal market doesn't trade at fraction of seconds speed , steem is taking a dive right now!!!

Let hope steem caches up

Upvoted, thank you!!!
I wont more pumps! :)
This is real magic!!!

Steem and SDolla was very quiet for last few days, so this spike is just a beginning of pump and dump famous song.
Meanwhile last week or few, other shitcoins were having very wild rides.

Thanks for the post....do you know if Steem changed its inflation rate algo? I think it was 100% inflation rate/year but not sure what it is right now.

9.5% a year with a decreasing rate.

Cryptos are really the new way to win some money if you you're smart enough. Hope this will continue !

BTS will be very huge soon. I bought some when bittrex killed it.. now double value :)

From their Twitter account: BitShares would clear the entire 100k bitcoin mempool backlog in 3 seconds, maybe 6.

Potential... maybe will be huge. Also their exchange looks very good. But maybe without support of big exchanges like bittrex they have no chance.

What do you think?

it is very interesting that this is the case

Nice information about sbd rate.

Great information for all stemian.

SBD should always cost 1 USD, but pretty much peg often breaks due to free-market. I remember when SBD got up to 7 USD (if you have time, i have made a comic about it even!) and today it got pumped on Bittrex.

I don't really understand how this will benefit users long-term..?

Higher Steem price equals more valuable payouts and therefore greater incentives to post, and being added to more exchanges gives people greater access to buying Steem

Thank you very much for clearifying this ! ;)

Truly so that.wow!!!! thanks for sharing this income image.

Yaaaay! Steem > $1 again

i love using binance!

I had recently bought some BTS, now I wish that I would have bought more! It was about 2,000 BTS coins.

Real great news I am very happy .....

I am also happy. you done great job on steemit. thanks for this post. superb.

Great..thanx for sharing

nice work ;)

The internal market shows Steem at about half what it started today at. Not sure what happened.

Because SBD is at $2.00 on poloniex and bittrex, so it was a good idea to sell cheaply STEEM on internal market because you could still earn a lot selling those SBD on polo and bittrex.

@kingscrown Nicely done. Thank you for sharing.

Steems future is looking bright.

I have some steem but I will hold it. Till then who know it will go up like lisk. From few cents to ten dollar.

Once bitcoin hits it's bear market, I think alts including STM will rise!

Yep! Huge pump. I now have a bunch of it and will HODL for a long time to come.

SBD will sky rocket BECAUSE OF TETHER ! the people in poloniex is not stupid they would prefer a blockchain dollar over a private token.

Are you THE vegan cyclist aka Tyler?

Quick question. In the internal market, the Last Price is at $0.50. What does this mean? is that STEEM or SBD? I feel like I shouldn't be confused with this, but I'm trying to figure it out

SBD are at 2 USD and steem is about 1 USD so one steem equals half an SBD or 0.50

That makes a lot of sense. Thanks for the clarification

and is just the beginning, We're cumming for you POLO...

The Steem is now going up and going up. And i know it will be next year going a strong position

steemit is a nice place to earn money...

SBD price is really a surprise currently - changed a bit into Steem

  ·  7 years ago (edited)

Right now when I had left my buy order at 88 cents per Steem the SBD pumps so much that Steem is now only 0,5 SBD. Well, at least the order was only for 5 SBD. There's always something unexpected on the market.

good advice, everyone should follow this. thanks

o my god right now...1SBD=2.08$....

I think will be stable around 1$

What to hell happened to SBD? !!!

That is good for seller.

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It was the Black Week giveaway I suppose

  ·  7 years ago (edited)

@kingscrown what do you think of SmartCash? Here is a one-minute video if you don't know it yet:

I just did a post about the STEEM spike and was offering a 100% vote for a definitive answer. May not be one though.

At a sudden! That’s how they do happen, cryptos makes moves in a mysterious ways, leaving masses to their greatest surprise,

Truth, always keep some of every crypto on a sell order a little less than double the price. Will be more likely to be a part of every pump and dump.

Very informative

Amazing news....progression is the key to success and not perfection.

awesome

Cool! I'm not really surprised - I was already foreseeing before, that Steemit will be a very popular platform and I'm here since launch basically :) Glad to see, that everything works out and I'm sure there is much more success to come with steemit overall <3 I'm waiting for that

Awesome! follow me

Ouch... I just sold my steem yesterday. I bought when it costed 92 cents...

Waw...thanks for everything

upvoted by telegram link

I really can't understand why such a posting gets so much attention and reward! You just don't even attempt to find out the reason as you say "For different reasons and due to different situation but who cares." I DO care since it is not a big deal to look at the charts. I am looking for explanations.

wow great news for me. Thanks @kingscrow for your information. w8 for your reply

I can suggest cex.io which is reliable. Also, it has really useful mobile application. I use this one and I didn’t see any bad fact about it. It also has a very effective customer service.

Yeah just hold your coins and seen when they pick up again. You never never know!
Lets get these prices rising, my steemitaccount only seems to be reducing lately ;)

ouuuuhh YEAHH!!! Bitshares Power ON!!!

Thanksss !!
if you want a personal GIF like this .... please leave a coment whit your nickcame

Places follow me

What is kind of strange is that SBD doubled in value for a short time last night
https://steemit.com/steemit/@dksart/something-strange-is-going-on-in-the-markets-sbd-double-the-price-of-steem

Always good to know when you might have a few extra dollars.

Can someone explain the reason why all three of these products increased? Nothing in the article explains why SBD increased as quickly as it did.

Someone dumped Steem as soon as it went up..interesting.

Thanks for the great information......I need to watch it a lot closer and have some money ready....

I heard that investors of Tether are looking at SBD now because of the issues Tether faced just recently @kingscrown

Yep. I explained some decentralized alternatives dollar pegs
https://steemit.com/bitcoin/@sames/decentralized-alternatives-to-tether

very good analysis, I hope someday STEEM reaches 10$

"This just shows how you should HODL to your coins as you never know when they go up and it can take literally seconds."

Yeah.....not to be a killjoy, but that's baloney. If these sorts of rises and falls occur over the span of seconds or minutes, the odds of any one person catching it and being able to react in time to profit from it are basically nil.

HODL because you believe the long-term prospects are good, not in the vain hope of being able to time that one magical surge. Because that ain't gonna happen.

I love steem, and it's like Christmas when it goes up!

  ·  7 years ago (edited)

People might be using sbd as a replacement for tether.

Keep on the good work....follow&vote me. pls:)

Thats a good information

Bittrex have 74.59 ? Its very big amount of currency but poloniex is fresher than Bitt.

So this explains why the estimated payouts seem to be increasing. I still have tons to know about crypto, but hopefully in time, I can fully digest. More power!

thanks for sharing this information with us.

Seems like just a pump and dump. Steem seems to me to be on a steady decline, and it seems very heavy. It barely moves up when the markets as a whole moves up, and it seems very eager to fall once markets signal drawbacks.

I don't know why that is, but it seems to be one of the less bullish coins atm as the markets as a whole has added another 25% the last week or so.

Thanks for the insight I was wondering why there was a spike recently. Where do you think its heading. Clearly a long term prospect? and HODL both?

Crazy

Your post has been resteemed to +144 follower by @afm007
Thanks.

Nice one. So, if we will make steem dolars in shor time, we will be rich in about 1 or 2 years :D
Good and beautiful

Congratulations @kingscrown!
Your post was mentioned in the hit parade in the following categories:

  • Upvotes - Ranked 1 with 900 upvotes
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Hope steem will be in a higher price

what does HODL mean? all these damn abbreviations these days i have no idea waht people are talking about

@kingscrown, I am wondering if there is an application which makes a loud notification when something extraordinary happens to your coin of choice? #makesteemitgreatagain

What do people think of the WAX ICO, I am thinking of getting in. I found it by this interview by Mike Novagratz.

In 2018 steem price will be $3

Where's your crystal ball? :p

A very useful post thank you. Amazing how Cryptocurrency fluctuates, no wonder some of the money people are taking notice!

Waoo. Very interesting and you it very mange it with carefully. And i hope you will post next time same is it or more useful for me and all the steemit users .
I have good wishes for you.

I managed to cash in quite nicely on the SBD with all the sell orders I had waiting on Bittrex! Sadly, this all happened when I was asleep, so I didn't get to enjoy the Steem pump much. Better luck next time, right? It just reminds me to get some extra sell orders ready :-)

  ·  7 years ago Reveal Comment
  ·  7 years ago (edited)Reveal Comment

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