SBD taking off! Could this be the start of another Pump? Will it happen again?

in steem •  7 years ago 

I've always hoped that this would happen again, it was so good while it lasted, buying steem for SBD at a rate of 5:1, heck I wish it was even back to 2:1.

I was pretty excited to see this nice little green spike all of a sudden in the SBD price, but as I type this I'm watching the red bar grow deeper and deeper. I can't be too disappointed though, I feel like I took really good advantage for the last spike and turned pretty much all of it into STEEM, I'm now so close to dolphin status I can almost taste it.

I think steem has so much long term potential and I've been seeing so many bullish predictions for this year it's really exciting me. My previous goal was to try to accumulate 20 000SP by the end of the year and I don't think it's going to happen without another big spike in SBD prices again. I was getting worried it was going to slip back to $1 and it just may and that's really going to put a dampener on my goals for the year.

I'm always a bit saddened when I see others on the platform with a similar rep as me, having only 500 or 1000SP and knowing if they kept it all invested they could have just over 4000SP like me, but If I'm wrong and something ever happens I'll be feeling quite opposite and wishing I didn't just Vest my Steem.


Source

I'm also regretting not parking any of my other crypto profits while it was high, since I think it was a great time during the last dip to move some money back into STEEM. I just love what you can do with the STEEM when it comes to supporting other members of the community or projects here on the platform. I feel like it has an actual use compared to most crypto's I'm just sitting on in some exchange or wallet not really caring to much what the coin actually does.

Now I'm getting exciting again since the red bar has disappeared into a little tail and turned green again, I wonder what the coming days with bring and hope I can continue to maximize my SP holdings, my next goal after 5000SP, is being able to cast a full $1 upvote, which means I'm going to need to slow down on delegating all my SP out, but it's so hard not to want to support everything. I know so many people out there are much better content curators than me and use my power much more wisely and spreading the love much farther that I could on my own!

Anyways lets hope steem does go to the moon! I'm going to skip the lambo and get one of these!


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Good to see some recovery. The past couple of days were pretty brutal to watch. Red everywhere.

I know it sucks to see it at red, but on the bright side it’s like a stop at a traffic light. When it goes green, more people will get in as the price drops for encouragement to get in at a fair price. The power of #hodl!

Looks like things are moving up again. A nice healthy correction to lead us to new higher highs

Another blip today, then I think after that we'll really see things take off.

I love when my dollars sell for 8, 10, even 12

Yeah, we can only hope it keeps climbing!

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I sure hope so man! To the moooon!

I could use a good little boost from the cryptomarket. Want to know that way. Are help me?

I hope so! I could use a good little boost from the cryptomarket gods!

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by PheliMint from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Lmao @ the truck, but am really hoping for positives tho....steem to the moon

Way better than a Lambo!

Lol, depends

Looks like SBD is hitting a lot of resistance in the 5.80ish range, this is within the norm for the spikes it's hit on the way down from its highs. I think SBD might have been a prime target for pumping due to its lack of liquidity, the natural volume in the steemit system of users can't account for the huge spike in market interest when the pumping started.

Certainly strange to see it pumping, but also quite exciting!

The sky is the limit! It nice getting something for the time we put in for making post.

Yeah, the pay outs are certainly nice when SBD are this high.

I have been holding onto some sbd patiently waiting for a better ratio.....

Yeah, the question is, is now the time or wait longer, I'm doing the exact same...lol.

Thanks for the update. Honestly I think that SBD has a good year ahead of it. It will depend on a lot of factors, including things like the influx rate of users to the platform, but it should be a good year if you hold it out.

My goal for the end of the year is to have around 5,000 SP. I am a long way off that target at the moment, but getting there slowly but surely: milestone one will be 1,000 SP! Thanks for the update.

Awesome keep at it, I'm closing on a 5000SP and all from post rewards reinvested. So it can certainly happen.

That's great to hear, well done! Over what time period? I'd really appreciate any feedback you have To Help me grow my blog, I'm currently running a passive income series.

Hey man, I think your doing good, I checked out your blogs. I do have a few help for new member posts within the last month. There's some good suggestions, mostly I'd say comment and build your following, just be social and outgoing and it will come. I've been at it just over 6 months now, it does start slow and then build up as you go.
One thing I noticed then clicking through your blog is, try to pay attention to your titles, photo and preview texts to try to include some click bait or intro texts. A few of yours are the same daily, think like the newspapers and try to get someone to click into your posts.
Anyways hope it helps and feel free to reach out to me with anything else.

Thank you for checking them out! I will have a look at those posts now. That's great advice, thank you.

I had thought uniformity would resonate with users, I never thought of click bait, I will try it out in tomorrow's post as I have already put today's together. Thanks so much! I'd love to talk more on Discord or Steemit chat if you are on either? Just to get talking more in depth about cryptos in general and growing in the industry. Thanks again!

For sure man, discord is best for me, same user name

Thanks!

Yeah I've been selling all my sbd to steam ever since the 1:1 Mark was broke thinking good times were over. Boy was I wrong. Hoping it last until Monday as I don't have much sbd headed my way over the weekend.

So far so good, my question now, is this good enough of keep waiting a bit longer.

I'll probably keep selling and holding 50% or less of my SBD earnings each day.

a nice little pump for SBD for sure! It has almost doubled in USD value in the past 2 days after being negative for a while! I am wondering if it will continue upwards or head back to the 1:1 peg

Yeah, I really though we were slowly moving back to a peg and was starting to sell it as fast as I can in, but now I wonder if a futher pump is possible.

I know I am wondering the same thing! There has been so much activity of out south korea on Upbit

Your taste in vehicles is much better than anyone that would choose a LAME-bo. If you get that truck, Ill be looking for a ride shotgun!

To the moon STEEM To The Moon!

Awesome dude! We can drive around crushing the LAME-bo's or maybe just take it out in the mud!

Bro I'm just going to HODL my SBD forever, just for off chance that a 5:1 situation happens again! Let's pray it keeps pumping! I'm trying to get to 5000sp!

Yeah, the ratio is really getting nice, I'm tempted to sell now, damn all this volatility.

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The Pump part 2: electric Pumpaloo

Exciting times, let hope it goes to a part 3 all the way to the moon!

I'm sure we're all enjoying the boost in prices we are all experiencing now. From everything I'm seeing it seems like we're going to keep going up for here. Brace yourself everyone :)

Yeah, very exciting indeed. I'm fine if is stays lower a bit longer and I can acquire some more steem!