What the Steem: $10 for the best answer why steem is at $8 today?!?

btc-dialog (54) in steem • 7 years ago

I will pay $10 worth in steem to the best answer why the price has skyrocket lately

7 years ago by btc-dialog (54)

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miniature-tiger (68) · 7 years ago

One:
A possible reason is that SBD has been pumped, and this in turn is pushing up the price of Steem.

If the SBD value is much higher than $1 then you can make a great yield by buying and powering up into SP and posting - 10% or 20% per month depending on the Steem / SBD ratio.

If this is the reason then there will be a natural equilibrium reached as Steem rises towards the SBD value, or as SBD falls.

Two:
People have started to talk about Steem because it's now established and actually thriving as a new economy, rather than fading away. With SMTs on the way that's a huge addition. There are also DTube, Utopian project, Zappl, Steepshot and all the developments that are actually much further advanced than competitors.

Three:
It's going up because it went up yesterday. That'll happen until it stops going up. Because crypto.

$19.15

2 votes

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sumatranate (64) · 7 years ago (edited)

@btc-dialog, there is a strong, active Korean community on Steemit. Over the last few weeks and months, I heard of a couple of Korean exchanges listing STEEM for the first time.

My thought is that an existing interest in STEEM coupled with the ability to now purchase STEEM nationally

created the SDB price increase
which lead to converting SBD to STEEM to be powered up
which lead to an increase in the current STEEM price.

Just a thought, but I believe it is plausible. And when you add fast transactions no fees, you have a killer combination.

$18.69

2 votes

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maxinpower (73) · 7 years ago

Son was telling dad about his recent successes in Bitcoin and other Altcoins and told him about the cool platform he joined. Dad always hated Facebook and wanted to support it's greatest competitor so he mingled with his banker buddies and they decided to give Steem the final push it needed to get finally worldwide recognized. After the 4 dollar jump everybody understood what cool stuff is going on here and couldn't help but join this awesome network.

More users are preaching the Steem bible now and the whole thing took up loads of momentum and become unstoppable.

Well, maybe something my like that 😅

$8.27

2 votes

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cassidyandfranks (62) · 7 years ago

Capture+_2018-01-03-14-36-10.png

If you look at Steem Chart peaking in 2016 BTC value and NOW arriving at the SAME peak in USD value for 2018.

$0.14

4 votes

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kp138 (68) · 7 years ago

I believe it has something to do with the anticipation of the release of SMTs.

$0.06

1 vote

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kartiksingh (65) · 7 years ago

Not steem every coin in first 100 is rising ... i also want to know ??

$0.02

1 vote

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gmuxx (67) · 7 years ago

It started rising when I announced my witness. Coincidence? I think not.

$0.00

1 vote

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fakhre2001 (57) · 7 years ago

It has a great project and its most deserving coin. it will moon soon.

$0.00

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falsefreedom (41) · 7 years ago

Could it have anything to do with the VICE airdrop that's happening?

$0.00

1 vote

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beyfendi (52) · 7 years ago

Steeet is now in the top 1000 in the world rankings and making great progress towards becoming even more popular.If we consider that the bitcoin is also increased, we will understand why the steem dollar has increased... @btc-dialog

$0.00

1 vote

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slayer10 (56) · 7 years ago

First of all, I want to tell you why you are fluctuating. We see reasons such as disagreements among countries, terrorism, economic data and crises, money politics, political developments.
Special days later ... Christmas has just passed. There is influence. And besides this, the bitcoin is in favor, and the ethereum is in good proportion.
And the opportunity to benefit from this opportunity, the opportunity has been well worth it.
Investors' ideas are mixed. Bitcoin hurry, the possibility of etheric excitement and steem.
Steem succeeded with the moves made at the right time. @knircky @btc-dialog

$0.00

1 vote

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vergiliigurev (58) · 7 years ago

because the steemit community is growing, we have more internal crypto currencies, and we are becoming stronger on the market

$0.00

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doublingmoney (25) · 7 years ago

A good product sells itself. Steem is a great product and more and more people are learning about it everyday.

$0.00

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livelifefullest (62) · 7 years ago

STEEM got it ALL !

$0.00

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darkerhorse (53) · 7 years ago

steem has been undervalued for so long and i guess crypto investors are looking for a more desirable platform to transact and steem got it all. speed, no cost and potential to make even more from steem investments

$0.00

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lordneroo (72) · 7 years ago (edited)

@btc-dialog The real question should be why is it not even higher already.

But that was not the answer. The reason why its price went up like that is the excessive demand for Steem over the past 36 hours or so along with the really low liquidity available at the same time.

There's a lot more to come though!

Highest Regards
@lordneroo

$0.00

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rival (67) · 7 years ago

name any other crypto with 500K users which has an actual good working product which is fast and only on 0.3% capacity...
thank you cryptokitties for showing this!!!

$0.00

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knircky (73) · 7 years ago

only steem. I know

$0.03

1 vote

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rival (67) · 7 years ago

So I think that's the reason.. nothing else

$0.00