So everything is way up and it's another somewhat decent time to trade in your excess STEEM into SBD for a nice extra profit with the current difference in value. Why does this matter? Well, because for little to no effort you will have more coins overall and then when the values normalize again you sell back into STEEM or do whatever you want. The difference being that you are now more wealthy!
I have now decided to keep some extra STEEM and SBD always on hand in my account to trade between the two to make profits. Previously I always invested into power.
24 Hour Spectrum - $STEEM
STEEM went on a nice little bull run over the last 24 hours going from under $2 to over $3. It's currently $2.91. When you look at the YTD chart you can see that it's gradually rising and I'm confident it will continue to do so.
Year To Date Spectrum - $STEEM
You can see how it was up with Bitcoin's rise and then obviously was affected by the crash. It's been recovering faster and faster in bull runs and in the past 24 hours or so it went from under $2 to over 3$ as I shared before given it used to be over $10, I'm assuming by the end of the year it will be at least $20 or more.
Year To Date Spectrum - $SBD
The year to date chart runs pretty much the same as Steem as it is supposed to be pegged to the dollar but is heavily influenced by Steem's activity.
24 Hour Spectrum - $SBD
This pretty much runs the same as STEEM so it's not as easy to illustrate but typically when one rises in value it tends to have a gap between the two while they normalize and I now keep extra SBD and STEEM for trading between the two when there is a big difference. I traded my STEEM into SBD for $0.30 for more per coin and as I hold more overall I will be able to benefit off the changes. I realize that given the witnesses have such a strong effect, I need to follow their updates much more closely at https://steemd.com/witnesses
Thoughts
Bitcoin is leading the way on this rise it seems with a 13.5% increase over the last 24 hours which is my assumption as to why the value has gone up for STEEM and SBD. Also about 3 days ago Bloomberg did an article about Steemit and there has been more hype having surpassed 1 million users. Personally I just got some STEEM and then transferred it into SBD and kept half. This way in the future when SBD goes above STEEM then I pour that back into STEEM and keep slowly getting gains and keeping all my money within Steemit and keeping the infrastructure strong.
Prediction
It may just be hope, it may be long overdue, but I think that STEEM and SBD will start to climb back up closer to it's old standing and I think it's headed to 5$ before the year is over as a minimum prediction. My optimistic prediction is at least 10$, but assume-ably if that were to happen I would expect it to surpass its previous standing because of the hype that would go along with the bull run that would happen. I am optimistic as long as we continue to moderate the community and give a good first impression to the new users coming on the platform now that we have over 1 million and are gaining more traction. I think as we move forward, fixing the flagging abuse issues will solidify people's faith in the platform and help bring us to the next milestone.
THIS IS JUST THE BEGINNING!
Let me know what you think about all this, your prediction, and anything else you'd like to add in the comments below!
Every time I post I select 1 random winner from the upvotes, resteems, and comments totaling 3 winners and give them 0.01 SBD each and announce it on the next post! I also send out 0.001 monthly to my followers! I use https://snackaholic.github.io/steemfortune/en/ by @snackaholic
The winners from the last post I made here: https://steemit.com/steemit/@scottcbusiness/the-downvote-proposal-a-solution-to-the-flag-crisis
Were:
@jauharialz
@uncleken1989
@edgarbevens
Note that once Iโve posted a new post the contest is over and this could be subject to any amount of time up to but not longer than 7 days
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Use #Steeply on Steepshot posts for a chance to be featured in my Steepshot digest called @Steeply
๐ท Also join their awesome Facebook group where we are building a community around the platform! - https://www.facebook.com/groups/steepshot/
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๐ Social Media
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@DTube is an amazing platform meant as a decentralized solution to YouTube's copyright, censorship and monetization issues. We are building a community around the platform!
๐ Social Media
DTube Twitter: https://twitter.com/dtube_official
DTube Instagram: https://www.instagram/dtube_official
Discord Group: https://discordapp.com/invite/9QsYr9f ๐ฃ
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Official Site: https://about.d.tube/
Reddit: https://www.reddit.com/r/dtube/
@ScottCBusiness
๐ก If you have heard about Minds and are thinking of joining up use my referral - https://www.minds.com/register?referrer=scottcbusiness
๐ถ If youโd like to join Dock.io, the professional blockchain platform that resembles Linkedin use my startup link! - https://dock.io?r=scott_cunningham:aaaahzRk
๐ Binance is my favorite place to trade, sign up with my referral - https://www.binance.com/?ref=15520033
๐ธ If you havenโt signed up, do so using my referral code 15520033
๐ฐ Also be sure to sign up on https://www.mannabase.com/?ref=9d27bc9475 for free payouts every 5 days of their coin $MANNA as part of their nonprofit universal basic income project
โ
Join our @Steemersbot communities to network and grow together with our other Steemers - https://www.facebook.com/groups/Steemers/
Our pinned post has a bunch of resource for you to use and contribute to!
Also join our Discord channel - https://discord.gg/hNMjvBz ๐ฃ
We have lists of other servers, upvote bots, promo, discussion, contests, faucets, and everything you can think of!
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We share our promotional posts here for now mostly
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Proxy
Proxying your vote is pretty simple you just go to https://steemit.com/~witnesses navigate to the bottom and type in a username here:
I have started to take an active interest in Steem witnesses treating them as future global decentralized politics. If you don't want to learn or bother to stay up to date with it, but do not want your vote wasted then you can make me your proxy to vote on your behalf!
Delegation
๐ฒ If you donโt always use your vote power or all your SP or just want to get upvoted regularly, you can delegate SP to me to receive upvotes on all your content
Use https://steembottracker.com/ to delegate any amount to me!
Ohhh..today increased sbd price
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yeah!
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Great post @scottcbusiness. I admit this is my weak point. Still trying to wrap my head around this end of things. I am sure STEEM will be back over $5 before the end of the year.
On one hand I would love it to, but as I am finding out it's ok where it's at even a little lower. It actually enhances payouts for the minnows and such. It isn't so much in favor of the whales. This gives me time to save up and work towards investing .
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Yeah when it's low we can buy in easier too
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The outlook seems to be very positive for the space. In fact, I read CNBC call 2018 "the best year yet" for cryptocurrencies. Hopefully, Bitcoin continues with its rise and brings the rest of the cryptocurrencies, including Steem, with it.
Me, I'll just be here enjoying the ride.
:)
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Nice,going to be exciting!
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Thanks @scottcbusiness!
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:)
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Truly great to see it back on the rize!!
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Yeah always a good thing indeed!
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Again It raised again.
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Yeah right now it's evening out, if SBD goes above STEEM, massive profits reconverting back!
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I'm staying optimistic for a decent rise pretty soon. Thanks for the update and great links you've provided here. Will try to join as many as I can via your ref links. Cheers!
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Hey thanks! They should all be pretty beneficial too :D
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Yes conversion between SBD and STEEM can give you profit from inbuilt Market aka Exchange of Steemit. Its nice way to boost stock in hand.
Cheers @scottcbusiness
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exactly :)
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Hopefully it'll keep growing. I find most people I introduce to Steemit seem to give up after just a few posts. I get it,it's slow at first but c'mon lol You get what you give with Steemit. I had to cash out some Steem to help make ends meet this month since the doctors told me not to paint or play guitar for 2 weeks after I pinched a nerve. Glad it jumped and I was able to take advantage of that! Onward and upwards~!
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True yeah I mean it's cause when they hear you can make money they don't come on for the platform they think it's like a get rich quick thing. When they find out it isn't, they bail
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I don;t really even mention the money anymore, I just tell other content creators it has a better newsfeed where people see your content in chronological order and that you can format posts much better and add links that don;t get hidden etc... and OH ya, there's some ways you can earn money in crypto on there, but I don't even focus on that I mainly use it because it drives more traffic to my website than FB and IG combined
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yeah for sure, I find it's best to start with Minds, then transition them onto Steemit which is more complex to the average user and a bit overwhelming at first
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On Minds I usually get people saying "It's full of Nazi's" lol They're both working for me! You can lead a horse to water, but can't make it drink as the saying goes lol
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haha yeah, well to be fair there are some neo nazis there, but it has a block feature for that very reason. Also for all I know it's Facebook on there slandering.
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Its good that steem is gaining some "steem", I hope that my friends will not give up on the platform and thanks to more implementations ( apps that are easy to use and a better interface I think its going there ! 2018 is the delivery year of a lot of projects on the blockchain.
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Yeah eh, I've been searching around all the time for new blockchain tech
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Do you think Steem price will ever break away from trends set by Bitcoin?
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Yes once a enough fiat currency is behind it and other altcoins :) Or crypto debit/credit cards become widely available and adopted (STEEM would one of the most ideal for quick, no-cost transactions) making it extremely more valuable imo
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I don't think it has anything to do with fiat being behind it. Fiat is only currently "alive" for the sheeples
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Yes, but there are more sheeple than us hence why it does have to do with it right up until it doesn't ;)
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Oh okay right up until it doesn't :)
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Yeah haha and by that I just mean, obviously it still matters now but it will only matter as long as we allow it to.
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Paper backed by "gold" monopoly money
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haha I know. But we have come to realize that value is just in belief and adoption for currency hence their majority sheeple make fiat currency valuable
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wow $20,
hopefully, and now it's time to focus on collecting steam coins or SBD
^_^
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Just a prediction, but yeah haha
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Your article is very timely.The digital market has started to decline at the rate of price.Thanks for your infomative article.
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Yes, there is still like a 30 cent gap to take advantage of between SBD and STEEM
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ะฅะพัะพัะธะน ะฟะพัั. ะะพะถะฝะพ ะฝะตะฟะปะพั ะพ ะฟะพะดะทะฐัะฐะฑะพัะฐัั ะธะณัะฐั ะฝะฐ ะบัััะต. ะัะผะฐั ัะตะนัะฐั ะฟัะธะบัะฟะธัััั.
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Good information bro, thank you.
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