Steem is an exciting project that continues to flourish despite the big dip in prices. As a dedicated Steemian I like to join the party wherever the assets are trading. Today's party was on the HitBTC exchange with the SBD/BTC pair going parabolic.

I have already book some profits off this parabolic move but my trading wasn't the best, its currently a work in progress and something I hope to get better at. Nonetheless its profits in bag and I am unto the next trade, I have place a buy order just above solid support that has held since January. I generally follow some strict rules but I am tempted to place buy orders higher, experience with this SBD/BTC means that it could go much higher and dip back. It also good practice to take note of the messages in the troll-box, usually if you see SBD/BTC mention there, the party isn't over.

Trading this pair on HitBTC is high risk, I don't recommend it for everyone, you need some skills and high risk tolerance or you get slaughtered.

I continue to maintain that Steem project is flourishing, the blockchain is arguably one of the most scalable projects around that is experiencing real world adoption. One of the difficulties Steem is experiencing is investment. It is not attracting the kind of investment many would hope for and thus downward sloping curve continues as Steemian buy into the longterm investor mentality that is coupled with a inflationary system. As developers do their best to continue to evolve the system the next part of the equation is ensuring that Steem is an attractive asset to trade. Traders/ speculators bring liquidity and better price discovery. I encourage Steemian don't just be sellers but also buyers, it does not have to be the HitBTC exchange but I encourage folks to trade it on Bittrex, Binance, Bithumb, Huobi or any other exchange where it is listed. The next phase and ultimately the next level is ensuring that Steem is one of the most exciting assets to trade. Everyone can participate in this process, Steem has an internal exchange where it can be traded against SBD, I encourage folks, trade there and hodl. Wider adoption and stronger hands.....

As usually, I be hanging out on the exchanges looking for opportunities, HitBTC I have dedicated to trading SBD/BTC, hopefully I see volumes pick up for Steem on other exchanges.