So recently Steem Dollars got pumped from $1 to $12 worth in Bitcoin! What?! Check it out on Bittrex. They're now even using the Bitcoin logo in place of Steem Dollars! Wow. So much for shifting my cryptos all around for the past few months using sophisticated analysis riding the 10x waves away from home..
I know I've been writing about the awesome power of Steem Power and how great it is for quite some time now. I still think it's greater than great. But lo and behold, the next Bitcoin might actually be Steem Dollars! I've always thought, why would anyone want Steem Dollars if it doesn't holler at all?
Why Steem Dollars if it's theoretically pegged to something that no anarchists need? A superior coin just needs to be pumped forever, like Bitcoin! What are financial markets anyway? Didn't you hear that economists are always wrong about things?
So what's the difference between pumping Steem and Steem Dollars? Why is Steem Dollars on Bittrex valued at $12 at time of writing? I guess it's just easier for pumpers to pump Steem Dollars. There's less Steem Dollars compared to Steem in the market. By pumping this up, productivity of users and network effects go through the roof as the rewards pool becomes larger than the moon!
Expect amazing posts, ICO sales pitches, and referral codes all year round! Take part in communities, communities, and communities. Everybody makes more money and starts inviting more friends. Cash in. Cash Out. Invest in stuff, profit, and Steem it up!
If Bitcoin created a black-hole for fiat, then Steem must have created a blackhole for entertainment. So many nice and great posts. Wholesome activities for the whole family.
Upvotes ✓
Flags ✓
Laser beams ✓
Debates ✓
Communities ✓
Entitlement rants ✓
Bitcoin this, crypto that ✓
Cryptodoggies ✓
And.. kaching! ✓
Get Steemed for speaking your mind ✓
So just repeat until Steem reaches Bitcoin's size, and we will pump up a mega-post to buy a Steem Cruiseship for the community. Our blogs will be like reality TV. It's gonna be a huge attention economy. It may work out!
So Steem is like the video game that you never knew you needed. In time, Steem will become the new mass media of the 21st century and the new gold standard for Bitcoin, a consumer product that actually works! Just like the iPhone. Don't underestimate this. So stop queuing up for Bitcoin transactions and start queuing up for the iPhone of cryptos. A Steem account. Tell your friends to register on https://steemit.com today!
Disclaimer: This is only entertainment. Not financial advice. But it's a good time to dump your Steem Dollars for a premium at the moment! Anyway, I still think Steem Power is awesomer! Check out my old post on it: https://steemit.com/steem/@kevinwong/why-should-you-consider-accumulating-steem-power. Image source: Cruiseship and Black Hole.
Cruiseship will be nice :) I expect eraly retirement from Steem. I need to write posts just for the sake of writing now :)
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Early retirements are boring.. so is the office. You’re workin in an office?
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They won't boring on that Steem cruise ship :) Yes, office/home.
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Home is home xD. check this out :) http://aboardtheworld.com/
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wow, that kind of luxury will be for whales for sure :) I will settle for cozy little home in some remote place :)
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But its goin down right now @kevinwong
And on the other hand i have no sbdz
Its good news for budies who have alot of sbdz :)
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There are many people in the Network and they, write the steemdollar are more powerfull in the future as Bitcoin.
Everey day around the world grow up the steemains and make money and generate followers.
I think that will be the greatest entertainment machine what we ever see.
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BOOM!
Highly rEsteemed!
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Wow, so that someday is here?!
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That was a whoa post. Prices are going up for a reason I wish to comprehend until now, I will ride the wave.
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well said@pouchon
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Wow, I can see how excited you are because I am excited too. The pump is great enough. Man! I couldn't believe my eyes when I noticed that SBD went over $15! I was like, where is the next stop?!
If SBD stays where it is right now, I am sure that a lot of people will start to spread the word of Steemit. That's because Minnows reward will be multiplied by 5X (If they are getting $20 SBD, that means they are getting $200 USD). That's awesome.
But the question is, will SBD stay at the current level for a long time? or it's just setting its all-time high? That will remain a question till we see the actual movements over the next few weeks.
I am really excited like you to read more interesting posts + the possible great SMT ideas! Thanks for sharing those joyful thoughts with us @kevinwong. It feels great to see that excitement within the community.
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Yeap, kaaaching sounds great!Convincing my twin and her hubby register right now and not miss out on the opportunity to be among the first ones here😁
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I hope you'll have a good time explaining the whole... thing to them!
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😂😂😂I’m sure I will hahahha
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Hahaha, love it. To think I almost didn't even join this community. That cruise ship better have a well stocked bar, cuz we will all need it to celebrate. Where is the first trip going to? Oh, and we need a couple pools :-)
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It’ll go from port to port in all coastal cities around the globe! People need a place to spend their cryptos anyway. A cruiseship with accommodations and project workspaces and well stocked bars and bloggers will work wonders!
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Lol, yup. But who will tell the captain to go "full Steem ahead" :-)
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Lol no ones on the pedal. It’ll be powered by upvotes then :)
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Very nice, very nice, lol :-)
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"If Bitcoin created a black-hole for fiat, then Steem must have created a blackhole for entertainment." This is right on the money 💰 I mean right on the Steem Dollar.
This is what we all have been waiting for and as the saying goes patience is a virtue ! So congrats to everyone here on Steemit for waiting but now we are setting sale ! Bon Voyage
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Got a friend sitting on her SBDs for months, then all of a sudden, this. haha
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haha hard not to be jealous . Hopefully it will stay high for a while longer so we mine some more
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If there's merit to this nice theory, why is everyone racing to exchanges to sell their SBD? I've only used mine to power up as my meager rewards come in, but per lots of wallets and posts, it seems like lots are flooding their SBD out of the platform for trading into non-Steem tokens.
....and now I see the tags on your post... but I'll keep my comment here to show I fell for it. Touché.
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Yeah it's a good time to dump your SBDs instead! :D
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I have seen mixed reactions across the community; with some people dumping and other people powering up or hodling
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Oh, it's because normally SBD pumps are temporary normally. It usually almost always goes back down to around $0.95 - $1.00. While the price is high, people are just cashing out in case SBD prices go back down.
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Yea, but they can easily power up or trade for Steem tokens. You don't have to cash out unless you want to take $ out of Steem.
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On Monday, one of my colleagues approached me with the question where I got the cryptocurrency, I told him about steem and was advised to undergo registration, but warned that in the beginning it will be difficult.
The next day he said that he sees no point to register, because his efforts are unlikely to bring profit to him. Well, I didn't bother to persuade him (after all he is just an acquaintance, not a friend).
And who do you think called me yesterday with a question: when they will verify the information that I sent?!
I think I'll show him this article to give even more faith :)
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Lol i'm guessing it's taking sometime for registration to become a smooth process..
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A SBD ray burst?
[This stupid physics joke results from your choice of images :p]
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I had to squint even after zooming in the small text! I guess ray bursts happen when someone fat-fingered their trade. Or thought SBD was Steem..
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Gamma ray bursts consist of something well defined in astrophysics/cosmology. And then you had this image with the blackhole... and then I was tired and make the comment :p
Don't pay too much attention to this ;)
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Enjoy the ride! Hope everyone still has sbd left in their wallet, not always being a quick sbd seller, like me :(
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I think it should be all dumped by next week :(
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For sure. OK, 5 I can understand :D 10 wouldn't last till next week.
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@kevinwong - SBD might have been pumped now, but in all fairness, Steem is something that has a lot of potential, a real usable ecosystem and is very likely to get mass adopted provided it doesn't shoot itself in the foot. Probably a few years from now it could be many times more than $10-$12... I certainly believe it's got the right htings in place to earn that.
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Yes, Steem Power is where the action's at. This is just a plain trashtalking post xD can't help it
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SO yeah @kevinwong, full steam ahead for the years to come.. Someday we'll be talking of Steem Dollar Millionaires like we talk of Bitcoin Millionaires today :)
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I saw SBD flying this morning and almost jumped on to ride the wave but I was worried Id miss the top and end up bag holding.
Oh well. Love seeing all things Steem thrive but it does feel like an artificial pump hopefully it lingers for a while.
Thanks for the post.
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Please! I don't think getting SBDs is a good idea! Steem Power is where the action's at, in my opinion. I have no idea why would people pump SBDs. But I guess it's good for post payouts at the moment :)
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I am not sure weather SbD can replace Bitcoin or not but one this is for sure, it's best time to convert SbD to SP at a premium price, it's something once in a year chance, little I know about SP and some posts on it, I really want to know more about SP so going check your post on steem power ☺
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Try to avoid using the "convert" function in wallet. Better to buy/sell directly
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Incredible. How did Steem Dollars rise so quickly. Was there some news? or Rumors? Here is a screen shot of SBD from Bittrex as of now - 8:15 am UTC.
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Most likely ignorant traders. But it does have an effect on rewards pool, which could in turn be good for steem as the rewards are higher now.. if the price maintains
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Yes, the rewards being higher helps everyone. I also feel it is good to help each other. Thanks.
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"iPhone of cryptos", that made me smile @kevinwong. =)
Problem is, I don't like Apple products. They're closed source / tech. 8P
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For mass consumers, as long as it works :p
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Oh yeah, now going on, that is unimaginable with the Steem Dollars, the price soared to the skies and I do not know how long it will last. It would be good if the price remains this forever, can even higher :) Thanks @kevinwong
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Introduce the platform to more people. The rewards pool being higher now from SBD could work in Steem's favor as more attention flows in
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I'm glad I took advantage of this. I had about $81 SBD in my account. I sold them in stages. The first chunk ($40 SBD) I sold for around $3.62 each. The next part I was about to sell $30 SBD for like $6.52 each and the remainder I sold for over $5. Made some good gains because I transferred them to BTC and then bitcoin shot up some more.
I am not sure who is buying this stuff but it's making me more money than I apparently deserve lol.
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Either ignorance or some weird calculated move lol. Nice one! There are plenty of good opportunities if you find the right blogs..
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The SBD might be the new liquid cryptocurrency of choice. It transacts very fast compared to Bitcoin. It also holds it's value nicely and has an opportunity to appreciate above a 1 USD compared to something like Tether.
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Definitely can't recommend anyone to buy SBDs at this rate though. very puzzling
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Let the crypto and blockchain world BEGIN!
A Steemit mega cruise ship 😍(go teammalaysia!)
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It'll be interesting to see how things are at the end of 2018
We'll have at least 5 million users by then, right?
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5 million will be super interesting. Coinbase is currently at 14 million users..
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This is great news! Resteemed.
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Thanks @michaelstobiersk - time to sell your SBDs at a premium! I don't think the price will hold for too long. But maybe people are pumping it like BTC lol sometimes i dont know whats going on anymore
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That's how I have been feeling lately. I've been wondering whats up with SBD's price for like 2 weeks now and it is still all conjecture, and it just keeps going up! I'm not complaining though. Been converting all my SBD to STEEM. It's nice to get 4-5 for 1
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Yup really no better time to load up on steem! Especially when the market is finding confidence in steem again :)
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The skeptic in me wants to say you are getting ahead of yourself, but who knows. It would be nice if steem blew up and all the current minnows became whales and began we began to put our resources into making the world a better place. Things are never that simple but a thing least we could move in that direction, so nice vision. And maybe we will all call you a prophet one day
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Nobody reads the tags haha
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Haha well I'm serious even if you aren't!
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As much as I wish this was sustainable, I don't see a reason or a way for SBDs to stay as high as they are. The way they are created is supposed to drag them back down to their peg.
But let's see when and if this happens. It's certainly a good time to be a steemian, but I'm afraid that the crypto world has started smelling like tulips to me.
Still, I'm obviously all powered up and whatever SBDs I get are going to be converted to STEEM because that's what I'm being on long-term.
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There are plenty of reasons why cryptos have value: media, hype, sentimentality, dependency, usability.. etc. etc. I guess with something like Steem Power, it's a functional asset that drives your experience on the network..
And tulips are very different things..
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Tulips did have some real utility too and things get dangerous when the percieved value really exceeds the level of utility. I'm worried that SBDs are there and that's why I see this as unsustainable, but I'll be very happy if my worries turn out to be nothing.
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Best thing all week is the Steem/SBD ratio, convert all that SBD in the internal market!!!
(this feels almost like stealing from the person that takes my SBD for their Steem) :D:D:D
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Resteemed wow , now i wish curation rewards were rewarded as steem dollar's haha
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steem power is way better for the long term..
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Yes and certainly steem price soon Will follow
And get on the wagon
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Dude this is great! steem to the moon!!!!
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I sincerely agree to this 100%
SBD just like BTC some years back is now much more valued than it was some weeks ago.
Steem to the moon!!!!
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Haha i was just joking!
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nice post, well in my opinion one of these either SBD or Steem will be at least a future eutherium, i think it's just a matter of time when peoples will get awareness about it that steem is much better coin and SBD is just an internal currency which is peg with USD and then we surely see a huge momentum will be shifted back on steem, thanks for sharing your thoughts with us, Stay blessed
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What a great article, please allow me to translate into Myanmar language.
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Haha i don't mind, but it's all trash-talk!
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It is good to be humorous with cryptos sometime.😁😁. As funny as your advertisement is, it is a good one.
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i realize that
thanks for sharing true information
best of luck..
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We definitely need crypto doggies on the steem blockchain, it will make it even more popular :)))
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@KevinWong... Want to Thank You TWICE...
I missed this Great Post... many powerful & important comments about Steem and the market ( and Yes, I realize there was intentional humor in Your Post, but heck, we all need to laugh occasionally, it's healthy.)
Especially want to Thank You for Resteeming the article about Andreas Antonopoulos.
AA is one of the special people that has helped the world learn about the importance of Bitcoin. I knew Andreas had received almost 1 million a couple of days ago.... but wow, 2 million AND it is such a Blessing & Beautiful thing to see Karma in Action.
Hope You had a Good Weekend...
Cheers !!
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Great post, yesterday I also found out that the price of SBD i going to the moon and I hope that it Steemit can change more then anyone can imagine.
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Good info related bitcoin.
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nice ùù thanks for sharing
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Steem dollar pump made me crazy...
Unbelievable balletic mooning.....
Earn more profits...Lets go and start.....blogging/ commenting & up-voting.....
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Nice Mate Really Nice
Keep Up The Good Work
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please on like ya have me, i need support and like from you. regards steemit jaya always.
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i couldnt believe it
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Seriously? Why the hell would you want to spend a second on Facebook for free? It makes NO SENSE AT ALL.!! @steemit
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Appreciate bro it's true sbd is ruling now :)
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I actually super love this increase in SBD. It makes it a lot easier to buy up more Steem or just get more money period.
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Weird post until I see the disclaimer and recognize the tag
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wow good news
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I wish I hadn't spent my SBD on upvotes.
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Spending SBD on upvotes is counterproductive, imo. Steem Power's where the action is at for the long term
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Great words, I left steemit for couple of months ago there were some technical problems with my network connection and it has just fixed one day ago I amazed when I see sbd hits 14 usd, you're right its rimw for bringing more people and grow the community bigger and bigger we're gonna invent a totally brand new world , so happy to see the community prosper alnd the greatest is yet to come , love and respect @kevinwong
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It is indeed great and awesome i got some at above $ 10 dollars at bittrex!!
It does really feels great !!I do really hope the dreams of 21st century comes true for Steem ;)
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i am stunned when i saw the prices to $3 and now its has gone way beyond
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My crypto strategy has always been so complex that even I have a hard time understanding it, something like a wait an see thing, good to see it is paying off.
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Writing on steem at this moment definitely is more profitable for the average magazine authors.
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awesome !! :D
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the steem cruiseship sounds like the best dream - let the steem hit the bitcoin size - let the dream come true. I am waiting - I am here - there's nowhere i'm going :D
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Thanks @kevinwong for your take on why it’s suddenly gone up and you are always a breath of fresh air in a close minded world🐓
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Steem Power, yessssss
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Many people are happy with this price of SBD, I'm worried.
Because it needs to be pegged to USD, if it's not then there are internal problems in the blockchain.
I think the solution is to add the possibility to transform steem into sbd in order to reduce speculation.
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I found no fault with any of this ;)
F.U.R.R.
I never do that anymore! WOW!!!
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wow what a nice post hence why you always get an upvote from me. I am sure that steem value will increase too come next year...moon !!!
@kevinwong let me send you to my latest post for a new crypto/ project ...their presale will be over in 5 days with 1M total supply -this will be a new game changer , so another opportunity to invest and post about...am in already and very happy. Wish you a blessed weekend.
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"Cash in. Cash Out. Invest in stuff, profit, and Steem it up"
Wow!!!!! Sound would be great. As my way I don't know why SBD huge pumping. In fact best for convert steem or SP. Its good advantage.
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Please don't use the "convert" function, it's not very useful.
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What abt exchange function?
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Yeah buy or sell in the internal market. Try to avoid “convert”
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Tks for ur advice @kevinwong. I followed ur instructions.
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tthls great. tnks to share this information
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Congratulations @kevinwong, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 36 and the total pending payments to posts in these categories was $1519.61. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
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That was on the moon price..
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i liked this post
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I steemed my BTC to get sbd, pump and dump yo! I hodl my $AERM like it's going out of style and whaaaaat, SBD is parabolic?? Time to power up the community engagement and buy lambos 🤑🙃😬😢😵🤓😈🤗😎😵
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Congratulations @kevinwong!
Your post was mentioned in the hit parade in the following category:
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Everyone's so pumped up it's entertaining really! :D
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I find this all really confusing and I'm still not sure I understand everything in my steemit wallet. Luckily, I have somebody to help me out with it and as far as I understand it, I picked a great time to get started on the platform and my steem power is growing faster than expected. My first goal here is to have enough steem power that might vote would me at least one cent so I can reward people. I guess I'll have to wait a bit, but I'm happy that the current situation is making it more likely.
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@kevinwong Are you up for it ?
https://steemit.com/sevendaybnwchallenge/@splendorhub/girl-bw-photography Best wishes! :)
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your thinking and creation all are nice
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Interesting article. Aa a newbie I was just wondering, how come there are two crypto on market, both steem and steem dollar. I thought SD is only usable inside steemit. If not why would somebody sell steem for 3 dollars if they can sell Steem Dollar for 15 dollars. Or am I something missing? For all the newbies response would be much appreciated.
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