I'm always fascinated how things can change in a matter of minutes.
We've been in a bear market for over a month now and I was getting used of seeing the prices fall.
The movement for Steem from over 9$ to 1.4$ is quite a long stretch.
However, few hours ago - STEEM & SBD had a big pump.
The Pump
While it's nothing in comparison to the 9$+ values - the change from 1.5$ to 2.1$ as of right now - is a 41% increase.
But the more interesting phenomenon for me is the way that SBD has been pushed higher and is hanging at 2.68$ as of right now.
This means that the value of SBD TO STEEM is at around 0.8 - which gives you more STEEM for 1 SBD than few hours ago.
Patterns ...
For me, this shows exactly what I've expected - the potential for SBD is no-where near reached and the chance is high for SBD to go into another bull-run; and hopefully a very much increased value ratio from SBD to STEEM.
Now, since I'm not Nostradamus, I can't tell you when this happens or how high the ratio will go.
The only thing I wanted to bring attention to with this post is the following:
Are you patient enough?
When SBD had its previous run in December / early January and you could get over 7 STEEM for 1 SBD - there were people who waited patiently for this day.
People who had the patience to accumulate SBD and then sell it for STEEM at the peak, because they knew that STEEM's price would also rise in the future.
And those people maybe also sold a bunch when STEEM was at 9$ - who knows ...
However, what would you do if the chance for another SBD run was there - somewhere in the near future?
Are you patient enough?
I remembered the quote of Warren Buffett. He said If you cannoy hold of 10 years don't think you can hold it for 10 minutes. This is patience game and only people with long patience win. Great post
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Amazing quote. Still, we all have to think in short term and long term since no one lives for ever...
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I don't plan to hold for 10 years, but the quote is still very much true, @hiroyamagishi!
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As a real newbie, how do I join you guys on 'smartsteem'?
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All that is happening right now is the patient is taking the coins from the impatient...believe it.
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And your comment also inspired me.thank you.
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it's hard to explain to the ordinary people that this season is a bear market and we need to be patient and hibernate. :)
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hii bro,,, how are you
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I guess you missed the part where Koreans did SBD PnD on Upbit.
Patience? LOL. It had +100% daily change from 1.5 to 3 usd. Picking shitcoin has 2 reasons: smallest pump value dissipation to lucky holders and easier price shift. SBD has small supply, and is supposed to be a stable coin. Less holders, less dissipation, counter-intuitive hold. It's funny how people seek causality. Especially if that causality makes you feel right or smart. There is no patience in this, only something considered illegal in normal regulated markets. They sacrifice some funds on small cap coin - sbd, people overreact on big cap coin - steem, bam they dump with 10x profits. Who will lose? People who wait for green candles to do something.
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I have been very patient but I did convert my sbd during the pump because I want to power up as much as I can. I love SBD but I do see that most witnesses want it pegged to $1 for whatever reason so I just feel like having too much SBD around in my wallet might be risky. I had a few hundred and did nothing as it lost its value. I'd like to think I'm a little wiser now but I little more risk averse. Plus we get sbd payouts from selling votes to smartsteem so I know I always have those coming lol
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There are enough Witnesses - including me - who don't want that. In the end - the market decides how high the price should be. And a peg like the current one before the big push - can always be broken; as we've seen.
Yes, that's smart ;)
In the end, everyone is at different points and has different amounts of SBD
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I'm glad to know there are a number of witnesses who think like you do.
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The classic law of supply and demand.
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Why do you think so though? Is ti something we the minnows should be worried about?
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i am realy happpy
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We will have to play the patience game, i joined steemit after the major bull run that sent it to 14$ but i'm willing to wait for a similar or higher price :-D
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Patience and consistency is the way forward to succeeding, not just on Steem platform but in all areqs of life.
Lets take Steem to the moon together.
We only succeed by not giving up along the way.
Thanks for the update @therealwolf
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My plan is to accumulate Steem until 2020...
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I am with you to the moon... for real :) Patience.... What goes up must come down unless it is out of this world.
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2 days ago i am send 0.5sbd @smartmarket but i cannot receive upvote this post
plz chak it
back my 0.5 sbd
https://steemit.com/steemit/@manjubd/lady-santle-flower-photo-30-03-2018
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In my opinion its just correction of downtrend i think we'll see rebound 2 weeks before Consensus (14-16 may) so 1st may that's my target.
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Im totally new here, but Im really enjoying this platform, and some of the friendly and helpful people Ive come across so far!
Great read, makes me understand things a lot more! so thx, upvote and followed!
;)
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I see SBD as $1.00, so if it go higher than $1.00 it's time to buy steem. however, everythings change, now I am waiting for an event like last December to power up.
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@therealwolf what I noticed very recently moreso was that where STEEM was pretty much following BTC in its downward trend, recently STEEM broke that and is worth significantly more BTC.
Does that mean we've reached some kind of real value based value of STEEM? Ie BTC has brand awareness, brings security, store of value and transaction ability. But STEEM has a very useful blogging platform attached to it that brings intrinsic value beyond storing and transacting money.
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nice your post guys, and I am proud of you
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SBD için oldukça uygun diye bilirim çünkü bazıları emeğinin karşılığını kazanmiyor
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The altcoins are now getting independent, they are moving away from the shed of BTC. The real value of a currency is backed by it's usage, and BTC has failed in fulfilling what it had promised, Decentralization and power to all. Steem is also centralised in some ways but there are alternatives being developed like SMTs.
I guess sreem will reach $10 by the end of 2018.
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To my mind 10$ is way to high and may occure in another „crash“.
I guess it will be at around 5$ during July/August and maybe a stable 7$ by the end of 2018
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Some of us are not part of what you described because we don't have a stash of SBD or steem. But nice seeing it rise though, we will keep posting to increase our rep and join the ranks someday.
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WoW thats a good info, ty for sharing. Lets everybody earn.
I will try to write something about my favorite meals :).
Try to fallow me up for some Mediterranean recepies. As i would say, food connects people :).
![](
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patience is key. no matter how long. to the moon we will go
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Man, I do not know if I am patient enough. I usually sell all the SBD that I earn for STEEM immediately and than I power up. Being only at the beginning of my journey, the only thing that I care about is increasing my Steem Power.
Don't think is the best decision especially seeing today how SBD pumped compared to STEEM but I can't help myself. I WANT THAT STEEM POWER! :D
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I'm always powered up, does that matter? I'm new here so don't know what is best
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SBD has a higher natural floor among steemit users because of the psychological anchoring to $1, and SBD has more value to Korean pump and dumpers because of its much smaller market cap than STEEM, and they both have fiat pairing to the Korean Won, their currency. Which is a big part of why it has recovered more than steem during moves back up during this downtrend.
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Good post!!!
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There is also such a thing as too much patience..
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Nostradamus ;)
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I’ll wait.
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Resilence and patience is a virtue in times like this. Thanks for the challenge @therealwolf
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very good information for us. I am new on this platform, I don't know how to earn steem or sbd here. just get a little introduction about steemit and start working.
thanks for this info.
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Do you think we should go back to 1 USD SBD peg because there is more SBD than Steem available to buy?
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Finally we have a break with the declines in the values of SBD & Steem! Recently, I have been converting SBD to Steem to power up. There were a number of posts in Feb/Mar about the notional SBD peg to USD 1. I feared holding onto SBD for too long.
Thanks for the update!
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My investment philosophy is always long term, for me HODling and averaging down is business as usual.
Here is to a gradual rise!
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Good post!
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Thanks for this,,
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Yeey this has got me excited yesterday I wanted to post but i was demotivated let me work on my posts now
Thanks
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I was actually researching stuff that happened on here before i got here so i googled "steem prices in 2016" and came up with a lot of posts where people were calling it the "dumpening" back when the fork came that shortened the steem holding time from 2 years to 13 weeks, and people were dumping steem at like $.11 and I just shook my head at how short sighted they were. They could be millionaires if they had just been patient.
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I’ll wait
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im very patient since i only invested time.
btw how do you increase your smartscore? like how does it work exactly?
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I'm just here to read the comments.... No Steem, no sbd :|
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I concider this ratio as a good chance to exchange my SBDs for STEEM and make a Power Up:-) I was waiting for it.
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So true! Patience is the most expensive price. That is, no one is in vain because patience always gives positive results.
Regards!
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Good
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can you speak vietnam?
toi cam thay bai viet cua ban rat hay va kha thu vi hi vong ban se co nhieu bai viet hay hen de moi nguoi doc nhe!
cam on ban da doc binh luan cua minh!
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Everyday we hear some new myths in the coins cercle. This is a miraculous times.
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I also agree very much, here you have to be very patient.
Sometimes, it takes a few months time.
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To my mind there was an overrating in most cryptos and when the bitcoin fell it caused an domino effect.
Steem will stabilize itself around 5$ in the next months.
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we hope that the steam price will increase further. Thank you for the information
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Patience is the key... Be patient and also be very very patient..
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I think i am. Patience in life is quite a rare quality you find nowadays but for those who have it, they always have it easy in life taking each day at a time.
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right
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Nice post congratulations friend :-)
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Patience is a virtue.... I'm still working on that virtue ;)
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Thats the crypto and thats rules of it. You need to be one step ahed to be succesfull in it :D
You need more than patient :D
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I wanted to mention the quote too, you got me lol I started to stock my SBD's into my savings, I will keep around 50+ hopefully around 100 SBD and when the price goes to 10$ per SBD to exchange them. The first highest jump was on May 22, 2017, then on December it went to 15$ and I think there would be another huge wave, just stock your SBD's, remember that only patient people win in this game! :)
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Thanks for reminding me that patience is truly a virtue
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l'essentiel c'est d'avoir l'esprit de création
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I think being patient in everything definitely pays off. I've been a commodity trader for about a year now and it has taught me patience especially when I lose some $ in my trades. The harvest of 100 - 150 pips a day is something that I'm still learning master.
Yes, patience is something that I admit that I don't have enough. But I know I'm working towards it!
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I’m wondering if we sill ever see those 1.40 prices again , I know we will see the $14 for sure
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Patience pays...we really need to be patient in this crypto world. Thanks for the insights sir @therealwolf
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You site an incredibly valuable quote, but it is not one which any of us should get hung up on. When Warren Buffet said that he was communicating that you should be willing to stay in it well beyond "The Long Game" for that specific market if you are to get into it at all. He is correct.
Patience is running thinner and thinner these days, yet it is something we need more and more of.
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I'm definitely not patient enough. When I realized that, I had to give myself a small stash of btc to 'play' with, so that I can try to be patient with my long term coins. It's tough not to want to sell something to buy a pop in another coin. That's why I have my dedicated 'trading' stash and now I'm going to start recording my trades to help keep myself accountable and not over trade.
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https://steemit.com/@siddiqurit
Pleas Follow, Upvote and Comment I'll do it now
100% Follow and Upvote I'll break
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The market has its own cycles. It is important to look at the bigger pictures, a summary of market cycles and other asset bubbles here
https://steemit.com/bitcoin/@maxxxks/bitcoin-volatility-and-market-cycles
No matter, what happens, 2018 looks to be a defining year for bitcoin!
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I was not patient and probably never will be. Instant gratification here I come lol.
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I just want to get more SP so i waited for this moment to power up my SBD. I know it could me much higher but i I kept it long so i'm happy that i could convert it now. Very interesting post :)
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It is important to have a plan from start. Most people go into crypto investment without having a single plan. If one can't plan to be patient enough to reap the gain, then no need investing in crypto at all.
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Good things always take a while.
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The bear market has been going for 3 months now...
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The .8 ratio is pretty nice.
You mention a 7 to 1 ratio on a crazy run... which i guess is about .15 if I'm doing the math correctly.
What have you seen in recent memory in the internal market?
I pulled the trigger on tonight's run at around .791 to trade in some SBD
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Yes I have great patience and Im holding for two years.Patience gives much money.I know it.
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Hi @therealwolf ! Great work you are doing with the @smartsteem project, bringing better content and quality developments to the trending and eyes on many more people!
Your thoughts on SBD and Steem are great, and hopefuly we have another race of steem and sbd, perhaps, sbd first and steem follows.
I wanted to let you know I posted a big Call to you today, for your help regarding about the @steem-ambassador guild.
A Huge Shout to @therealwolf - This Time some Help to Get @freedom and @thejohalfiles attention regarding @steem-ambassador Guild and the Entire #promo-steem Project
Looking forward to your thoughts when you get the chance!
Regards, @gold84
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You deserved every single downvote for plagiarism, spam and spreading of lies!
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