The price movement of STEEM and SBD and some very good services and exchanges to use for trading them

in life •  last year  (edited)

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Pixabay

A half dollar STEEM token price really makes every Steem user of the blogging frontends of the Steem blockchain happier obviously, and what more if it reaches higher which is still possible because of the reason of crazy volatility with Bitcoin's price going up. Now with the big bad actors in jail, the road to newer highs for crypto is smoother. Traders of STEEM token for that matter will be very happy too because of the potential of STEEM token to rise up to beat its former highs although personally, I do think that it is limited to reach former high prices of more than two dollars, but who knows? the ball is round.

Cryptocurrency price movements are crazy where STEEM and SBD also has some level of craziness as seen with its own price movements which always surprises its holders and traders because of the volatility of STEEM to intermittently spike-up plus now with the printing of SBD once again. We do not have to look anywhere else in choosing what cryptocurrency to buy and sell or trade with considering that Steem platform has an unstable stable coin if that makes sense because every Steem Dollar is more than a dollar and should be pegged to one US dollar but it had gone de-pegged and is now trading at $ less than5 dollar per Steem Dollar with a chance to even double that amount.

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Coingecko

SBD holders can be able to plan on what target price they wish to sell their holdings by referring to the charts. However, this time around, because of Bitcoin's staggering price prediction to the near and at the end of this cycle, we still have no idea how STEEM price would soar.

Every Steem user is taking an opportunity in trading their Steem Dollars for STEEM token which can be traded on Bittrex Global (although there isn't much to no liquidity for SBD there at the moment) or in the Steem platform's internal market which you can be able to see at Steem Internal Market if you are a Steem blockchain social media user or at https://steemworld.org/@yourusername with its own special feature where you can use it to Sell or Buy Steem tokens with your earned SBD tokens. Now with SBD's current price of around $4.5 which can very well reach anywhere to more than ten dollars a piece, it really will boost your earnings during these times where SBD is printing because SBD is printing for the reason that that STEEM token price had to reached about 27-28 and even 33 cents plus again going to reach the possibility of even more.

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https://steemworld.org/

There aren't much external exchanges out there that we can use to buy and sell SBDs but Steemworld.org for example has the feature of buying and selling your STEEM and SBD tokens. It is just another frontend of the Steem internal market and it works because of its good liquidity amounts, Here are the external exchanges that trades SBD for BTC, ETH, and KRW in 👉Coinmarketcap but learn more about them before using them if is possible for you.

But better yet, use @justyy's swap service for converting STEEM to USDT TRX-20, Ethereum, or TRX Tron at https://steemyy.com/, just carefully read instructions in the list below. 👇



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https://steemyy.com

Now with this current price of STEEM token reaching 27 cents as mentioned and possibly even more, the SBD printing will give you about 100% of SBD at the time of this writing. However, you have to set your rewards to 50/50 Steem power (SP) and SBD/STEEM prior to posting your blog. So if a 100% SBD print rate is reached, half of your rewards will pure SBD and it is up to you what you can do for your SBD whether you trade it for liquid STEEM tokens or to power it up so you can earn more STEEM and SBD in the process, Well if you are a user of Steem's blockchain social media that is. We all wanted to have 100% print rate for SBDs obviously because it surely will give us more STEEM when we trade it for the reason that the value of SBDs as mentioned had been de-pegged from the US Dollar where SBD's also had gone so volatile with its own price during these mooning times caused by the four year cycle of the Bull run season caused by Bitcoin.

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Pixabay

A Steem social media user that earns STEEM as rewards should set the reward to be given as 50/50 as Steem Power (SP) and Steem dollars (SBD) in order to receive SBD based on SBD's printing rate.

The SBD printing cycle will stop when the price of STEEM returns to its bottom prices after the cessation of the bull-run effect of BTC. It will also lose the momentum going up just like any other Altcoin in the market but to begin again near the next Bitcoin bull run like in these months because it is the way it is always as bitcoin is really the main prime mover of the price of Altcoin like STEEM plus the history of STEEM's price movements according or as shown in the charts does prove already where it had been and will go. The past history of STEEM had told us its own future price movements and because of this, we getting some idea when to act to gain the maximum benefit of earning and acquiring STEEM token and SBD as well. So for all of us STEEM users or content creators including some traders who are like just waiting for realizing the potential profits because of where the prices will go for these two cryptocurrencies, SBD and STEEM.

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Pixabay

In my own conclusion, the SBD printing coincides with the start of the bull run until the bear market sets in. So it feels like you are watching a movie all over again where you can already foresee where this and that will happen and in this case case with SBD and STEEM prices, all it matters is the waiting factor in when to make your moves for your own interests and judgement.


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