STEEM vs SBD....DO NOT UnderEstimate SBD!!!

dragosroua (74) · 7 years ago (edited)

While I do enjoy your charts, I wonder if you took into account, for SBD, its technical specifics. There are some caveats about it:

it's not really a currency, but merely a debt-based smart contract, not backed by hard assets, but by STEEM
its supply is massively increasing (as I'm sure you already know): it almost doubled during last 4-5 weeks, from 3.5 mil to more than 6 mil.

I'm not saying there isn't upward potential, I'm saying there are a few more things to be taken into account when it comes to SBD.

Steem on!

upvoted for visibility

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11 votes

drakos (70) · 7 years ago

I think the reason why people pumped SBD is because of its low supply. Obviously they don't know the technicalities for its existence. They should be investing in STEEM, not SBD.

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sirstacksalot (63) · 7 years ago

I'll take both. Either way.

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dragosroua (74) · 7 years ago

They should be investing in STEEM, not SBD.

Purely from a technical point of view, if not from a profit-based point of view. STEEM comes first, without it, there is no SBD :)

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fitinfun (71) · 7 years ago

But the only way to make it for someone like me is to "mine" sbd with my blog posts. I can't invest and in fact I take a bit of sbd out every day now. The rest stays in bid-bots, praying for a price increase.

I can't believe my luck to be here. I just came for the alexa ranking to get the word out about my weight loss work. Now it's actual money.

I want to thank you for steem supply. I do not know how I ever got along without it. I use your bandwidth all day over there. I'm going to check on my witness votes soon to make changes and if you are not there - you will be :)

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dragosroua (74) · 7 years ago

Thanks a lot for your support, highly appreciated :)

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mishegas (43) · 7 years ago

What 'sad' is the ones who 'need' to power down or withdraw AnYTHING from #Steemit are the ones who need to keep everything here to let it multiply.

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grizgal (55) · 7 years ago

Technicalities and fundamentals are irrelevant to a technical analyst. Besides, just look at EOS. That has a massively increasing supply for the next 6 months yet it has gone up well over 11x in recent months. Fundamentals have yet to apply in this speculative environment!

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dragosroua (74) · 7 years ago

@grizgal EOS supply was always known from the beginning,so no surprise here. In the case of SBD, its supply rose as a reaction to the recent pump, only in the last month. Initially, SBD supply was very limited. Which was probably exactly the reason it got picked and pumped, relatively cheap to move a coin evaluated at $1, and with only 3.5 mil supply (as it was one month ago).

The one thing that I agree with, though, is that market is always right.

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vishalbty (42) · 7 years ago

I believe STEEM will grow more than SBD.

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buggedout (68) · 7 years ago

Yes, this is the sort of drivel that comes from worshipping technical analysis and being totally ignorant of the fundamentals. It is incredibly dangerous and stupid to do this and Haejin loses a lot of respect here. SBD may rally again but anyone bidding this up to that level is a pump and dump moron.

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dragosroua (74) · 7 years ago

and Haejin loses a lot of respect here

just a quick note that this is not an attack at @haejin and I really enjoy his charts. But sometimes there are hidden aspects that can clarify some of the TA insights. It was just a heads up, merely driven by the curiosity of seeing an updated chart, which will take into account these aspects as well.

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marc0o (35) · 7 years ago (edited)

well I started few days ago to study steem a bit and SBD should (theoretically) only be used to safe funds because it is designed to be pegged to ~1$ internally.

in my opinion SBD is pure speculation and there is absolutely no reason to BUY it. of course it can be held in order to protect the funds against inflation within the steem ecosystem.

fact 1: outside of steem SBDs are useless -> no reason to BUY them
fact 2: in steem internally SBD are pegged to ~1$ -> theoretically no reason to speculate on SBD
fact 3: to get SP you need STEEM -> no reason to hold SBD (except protecting against inflation)

in the steem chat I was told that the "convert to steem" option was deactivated and guess why? the value of SBD is worth ~5 times more than it would be within steem. well people can make use of this situation but I absolutely don't get it. SBD is not designed to be a speculative asset and therefore shouldn't be used for speculation.

I am curious about your answers :D

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dragosroua (74) · 7 years ago

The SBD peg is not a "hard" one, meaning is not pegged with hard cash, with USD kept in a safe deposit. It's more like a "soft" peg, which was designed as "$1 worth of STEEM". So basically it's a debt instrument. The problem with debt instruments is that if you abuse them, the "collateral" is triggered. An unsustainably high SBD could trigger a downward spiral for STEEM.

On the other side, it's true that SBD may be "pegged" to whatever amount of STEEM we want to, that's why I think there is still upwards potential. So in theory (as well as in practice), SBD could be safely "pegged" to "$10 worth of STEEM", or "$50 worth of STEEM", as long as the debt-to-ratio numbers are not too big.

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marc0o (35) · 7 years ago

yeah I think I got it now. need to do more analytics and predictions regarding market trend.

the only thing that is confusing is that there are a lot of old entries that describe SBD as a "pegged-to-1$-token"

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soykatonline (57) · 7 years ago

I do see your point.. but even though it “isn’t an actual coin” it still has an increased value... tat the moment 5 times higher than $1. Therefore , it is good to have it.. not just to fight inflation, but because you can make profit from doing so.
For example: i right now hold 70SBD’s... worth $350 .. but in 2 days the price could very well go back up again to $10 a coin.. and be worth $700 instead. It happened before.. and it will happen again.

It is a risk to hold it... yeah... but it is a risk to hold any real crypto too!
Also, you can’t “?convert to steem “ but you have the market option to do exchange it too. Many of us don’t even use the other option anyway.. since it ends up being more expensive.

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ahmadmanga (65) · 7 years ago

Thanks for mentioning again. The war between STEEM cheerleaders and SBD cheerleaders reached its climax

scorer (58) · 7 years ago

Who cares if it is just a debt-based smart contract or whatever? If it helps to move the price up for STEEM then let it be! 🚀

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airbud23 (47) · 7 years ago

if the price is appreciating due to misinformation then it will not be sustainable. The market will always figure out the best, most available information. Although Steem should be worth at least 20 dollars at this point relative to the market based on its utility, a 33 dollar steem dollar is not a sustainable fundamental. Cryptocurrency's value are derived entirely from its utility; the store of value argument is a retroactive analysis for particular blockchains that have failed to provide a use case/utility(e.g. payment solutions that are congested, expensive,and not scalable at least at the moment.

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erikvantools (49) · 7 years ago

I really agree what u said but who know ? Sbd will grow or will go down ? I hope to earn 1000 sbd and start my dream bussines ! Thanks for make us understand steem :)

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nutela (61) · 7 years ago

its supply is massively increasing (as I'm sure you already know): it almost doubled during last 4-5 weeks, from 3.5 mil to more than 6 mil.

How can it almost double in a month? I thought Steem had 9% inflation or is that inflation tied to the userbase?

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brothermic (68) · 7 years ago

steem isnt doubled, steem has 9%inflation. They talk anout steemdollar -->> sbd, when price of steem goes up so do rewards and you get more sbd's that are created because payout is for example 50/50.

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4 votes

mejustandrew (58) · 7 years ago

SBD doubled in a month. For Steem that value is just a part of that well known 9% inflation. This is because the rewards from our posts are payed in more SBD than Steem.

chrislo2004 (52) · 7 years ago

sbd doubled which also is an indicator of post payouts. Growing popularity possible factors.

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sirstacksalot (63) · 7 years ago

I could definitely live with $40 Steem and/or SBD.

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sevenseals (58) · 7 years ago (edited)

I think the SBD will go back in the mid to long term. SBD inflation is now 13.9% weekly. It already starts the downward trend to $ 1.

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studgriffin (48) · 7 years ago

that looks like a pretty healthy correction to me, mid term is definitely up

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sevenseals (58) · 7 years ago

Please take into account that there is a 14% weekly inflation, that is 700% yearly (not cumulating). And when SBD rises inflation rises too.

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13 votes

skydragon (49) · 7 years ago

Got to love Steem & SBD. Will get more if price gets lower. thanks

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thebeachedwhale (55) · 7 years ago

Continuing to hold SBD and STEEM!

Great TA @haejin.

Another gem today:
SYS is going to +100%. Check out the analysis right here on Steemit!

-The Beached Whale-
Editor in Chief - The Anderson Report

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setuakter (45) · 7 years ago (edited)

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Reveal Comment

vimukthi (72) · 7 years ago

@miti downvote
https://steemit.com/@setuakter/comments

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https://steemit.com/steemit/@miti/a-complete-guide-for-newcomers-and-minnows-to-avoid-a-possible-spam-and-to-write-good-comments

miti (75) · 7 years ago

Your comment is considered SPAM... Take a look in this guide:

It will help you.

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akingdesigner (38) · 7 years ago

doesn't SBD always peg to the dollar? I don't fully understand how it can even breakout... I actually don't fully understand how SBD and STEEM and authoring rewards work, guess I need to do more research! :S

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skytrex (59) · 7 years ago

See this interview:

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marc0o (35) · 7 years ago

thx for sharing!

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live-and-learn (37) · 7 years ago (edited)

It is no-longer pegged. And anyway, it was never hard pegged, only soft pegged. The name of SBD was changed in the updated white paper, aka the blue paper, to Steem Blockchain Dollars https://steemit.com/steem/@steemitblog/announcing-the-steem-bluepaper
https://steem.io/steem-bluepaper.pdf

Hope this helped answer your question :)

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paced.financial (55) · 7 years ago (edited)

This is the most up to date white paper and still has the peg to the dollar via interest rate adjustments in the code. https://steem.io/SteemWhitePaper.pdf

"The primary concern of Steem feed producers is to maintain a stable one-to-one conversion between SBD
and the U.S. Dollar (USD). Any time SBD is consistently trading above $1.00 USD interest payments
must be stopped. "

Bottom of page 11 under the Steem Price Feeds section.

The Blue paper is a dumbed down version of this designed for everyone. If you are seriously investing and telling others to invest as well, you should really be reading from the source in my opinion.

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live-and-learn (37) · 7 years ago

What are you talking about and could you be more arrogant? I never told anyone to invest in anything, only provided a link to give a new user the ability to study further on his own. The bluepaper is for the layman sure, but that is exactly where someone new to this should start searching for information, because the whitepaper is overwhelming to many just starting out..
If you bother to follow the witnesses conversations on the subject, you would know that they have discussed for months how to react to the SBD, and whether they should even attempt to "peg" it, so far they have not intervened. Also SBD is traded freely on exchanges, and with them not reacting, the price is really decided by the market, at least from my humble understanding of it.
But I am just a beginner, and I never claimed to be a know-it-all, so please feel free to come back with another negative and semi insulting answer.

paced.financial (55) · 7 years ago (edited)

Sorry you took that last comment negatively, it wasn't meant to be, but I could have phrased things better. On the other hand, yes I could have been more arrogant too.

Just saying the blue paper took out/abridged quite a lot of important information to make it easy to understand. The white paper goes into it in detail to truly understand the workings of Steem. Only higher level you can go from their is actually reading the code which is even more daunting than the whtie paper.

As far as white papers go 32 pages is on the short side of them and it does give you some legs up in using the coin and the steemit platform to its fullest. As well as other dApps built on Steem.

By witnesses and developers doing nothing they are holding true to the code as it is coded and letting (dare I say it) the steem and steem dollar bubble play out as it will based on the open markets. Which in my opinion is the best thing they can do for the coin.

Again sorry for the negativity at first. Please accept my up vote on that comment to give you a more positive vibe from me as an apology.

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live-and-learn (37) · 7 years ago

Lol apology accepted :) I too am sometimes too quick on the keyboard and my comments comes across more negative than intended... I completely understand what you are saying about the whitepaper vs bluepaper, I simply think that the bluepaper is easier to understand, and therefore a better place for a complete beginner to start, which is why I recommended it to a newbie, as Spock would say "it's only logical". ;)

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paced.financial (55) · 7 years ago

Sorta. The interest rates in steem change to make buying and selling more attractive. Like the fed does with interest rates that influence the bond markets. Since not many ppl in crypto care about a safe return on principal, and the principal is usd not steem. That concept seems broken. Being at 5 SBD and steem and holding for a decently long time now really supports this. The fundamentals scream short while technicals scream long. Given how week fundamentals in crypto are I'm staying bullish on SBD and steem and holding rather than power down. But not buying more or powering up.

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hippo (52) · 7 years ago

Can't wait. thanks for the update.

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rangertx (65) · 7 years ago

Let's face it deciding between SBD and Steem is a nice problem to have. Nice to see the steady growth.

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brettcalloway (57) · 7 years ago

Thanks for the Steem & SBD updates! Super pumped!

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blackybabies (57) · 7 years ago

Do not underestimate Steem.

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spiftheninja (54) · 7 years ago

That looks so bullish!

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maestroq (58) · 7 years ago

Could you please analyse Gulden (NLG)?

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iseecure (25) · 7 years ago (edited)

There is plenty on Tatch blog and Telegram

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notmoney (25) · 7 years ago

Huge fan of the steemit blockchain. Here for the long run.

ptimmer (25) · 7 years ago

What about this baby? SC/USD

Schermafbeelding 2018-01-15 om 18.29.45.png

scorer (58) · 7 years ago

Baby SC is preparing for launch!

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travelersmemoire (58) · 7 years ago

I’m definitely saving my SBD up for a spike! I really hope you called this one :)

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aferrell (55) · 7 years ago

Any bullish news for Steem is great news. I have a lot of faith in this platform. Truly it is revolutionary.

But sadly, there is a lot of crypto FUD out there ...

Check this FUD out.
The Guardian Goes FULL Retard: 'Don't Invest In Bitcoin Because It's Like Gold'
https://steemit.com/crypto/@aferrell/the-guardian-goes-full-retard-don-t-invest-in-bitcoin-because-it-s-like-gold

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bthomas3664 (42) · 7 years ago

I would like to see this back at close to 15$

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dintellectual (50) · 7 years ago

Try to edit this picture by adding your latest reputation score.

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raphal (39) · 7 years ago

we will see

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jerrybanfield (74) · 7 years ago

@haejin thank you very much for adding me to your witness votes!

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starjuno (72) · 7 years ago

@haejin thinks your blog helps a lot of people. His blog tries to do the same :)

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live-and-learn (37) · 7 years ago

More of us should, I found Steemit because of @haejin, but I learned to use it (and understand it) from your YouTube videos! :)
Can a small nobody like me make any difference, and if so then I would really appreciate a link to a guide ;)

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kwangjaggle (52) · 7 years ago

i hope steem will go to the moon

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svshuvo (59) · 7 years ago

outstanding news for us...daily updated
good analysis...@resteem

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n8dg (37) · 7 years ago

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neneandy (43) · 7 years ago

I'm with you on that one!!! Keep up the good work @haejin!! thanks brother for your posts!

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dan21050 (41) · 7 years ago

I don't have many as I'm still in the early days of using the platform but love the project and hope that they keep gaining momentum.

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laurynas420 (16) · 7 years ago

Doesn't SBD always peg to the dollar? I don't fully understand how it can even breakout... I actually don't fully understand how SBD and STEEM and authoring rewards work, guess I need to do more research! :S :D

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jaguarpawmu (44) · 7 years ago (edited)

First! Again?! Booyah!

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qkr1066 (57) · 7 years ago

gonna go to moon !!! steem family ! yeah !

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akhyarhuroxx (50) · 7 years ago

Very beautiful post and we always wait for your post because your post can make us motivated and support us who are still beginners in order to make a post like you

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vonbuelo (54) · 7 years ago

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https://steemit.com/cryptocurrency/@adamo26/did-cindicator-just-leak-a-partnership-with-facebook

adamo26 (38) · 7 years ago

SBD has huge potential! But there might be a little goldmine out there. Investors out there might be interested in the post I just wrote...

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alejandrofa (25) · 7 years ago

Gracias por tus análisis los tendré encuenta

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shohana1 (77) · 7 years ago

@haejin there is no valid reason to underestimate and I love #steemit , both sbd and steem important to me equally.

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branbello (49) · 7 years ago

Happy I found you and your posts. May our wealth grow (or shrink) together! Every win or loss is a learning experience in the world of cryptos (and investing in general).

Thanks for taking the time to update us as often as you do, it's quite helpful.

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sarbande (25) · 7 years ago

tron (TRX) için güncelleme istiyoruz.👌👍

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morseke1 (49) · 7 years ago

@haejin- I love the new words your creating. massivest is certainly a new one.

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mdshra (50) · 7 years ago

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ryanhkr (72) · 7 years ago

멍청한 버니가 시세 하락이 진행되는 시점에 또 공격하네요.. (나름 머리를 쓴 전략 같은데요..)

해진님께선 멍청한 녀석 신경 안쓰셨으면 합니다.
:-)

즐거운 하루되세요 ^^

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tlcagford (22) · 7 years ago

Should I drop Tron with it down so far and my profit gone or continue to hold. I bought at .04, .10, .12, and again at .09 thinking it has hit bottom. Then it just goes lower. Part of me wants to buy more but I have to much of my total in it already. Help.

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shla-rafia (68) · 7 years ago

2-3 weeks ago you said it would go up and the opposite was the case

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alejandrofa (25) · 7 years ago

Muy útiles tus análisis, gracias

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jonsuda (36) · 7 years ago

Hmm.... That's good to share

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cryptocultivator (25) · 7 years ago

Thanks for the great update.

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piszozo (48) · 7 years ago

We support STEEM, revolution in social media!

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olyup (55) · 7 years ago

I wish you had more detail about your analysis. I feel like your earlier posts did more to teach about TA than the more recent ones do.

But I agree things are looking good for Steem and SBD!

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whatsup (75) · 7 years ago

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emmanuel250998 (53) · 7 years ago

SBD is very explosive hahaha

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sajan.rai (48) · 7 years ago

That's a good news.

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wowearth (39) · 7 years ago

Amazing resteem your post.

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lifecrawler (25) · 7 years ago

This SBD/USD "bullish wedge" looks exactly the same as BTS/USD or am I wrong?

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sinner (50) · 7 years ago

so let's wait and accumulate sbd before the kaboom!

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https://steemit.com/vincentb/@marc12/haejin-predictions-summary

marc12 (28) · 7 years ago

I just made a post summarizing a lot of the previous Haejin's predictions and inserted them in a table! I am about to calculate the percentages and probably try some new ideas I have!

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batfinkler (40) · 7 years ago

Off topic I know we are in the middle of a correction but in general why does BTS price languish behind junk coins which have a much higher price and not very much to offer ? With all BTS has to offer it should valued much higher already. Is it because it's an exchange and therefore not listed on all the other top centralised exchanges, meaning less exposure ?

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nkd11 (36) · 7 years ago

Any updates on OMG and LTC? Would love to see what you think about those. They have both been consolidating especially LTC.

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captaincanary (58) · 7 years ago

Not sure everything will go as you say because you aren't taking fundamentals into account, still, I hope you're right!

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donkasz007 (25) · 7 years ago

Great and informative post! Thanks for the update of STEEM :)

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oraclefrequency (45) · 7 years ago

There's been so many new Steemit members coming over from Youtube in the last month. I expect Steem to do big things in coming weeks.

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paulthebeloved (52) · 7 years ago

Thank you @haejin for this wonderful opinion. We may have different opinions and predictions for what is to come to the market. And for your opinion I am grateful atleast someone like you dedicate his post in sharing opinions that are helpful also to us. Thank you @haejin

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as1991 (44) · 7 years ago

thanks for your post

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sillentkiller (50) · 7 years ago

I also feel for SBD, It'll go there as you projected.🤞
I have one question, when anyone upvotes which currency they generate, SBD or Dollars ? (I am sorry, I am New) I googled for it also but couldn't get my answer. 😅!!!

STAY HAPPY STAY BLESSED ALWAYS 🤗

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afkar86 (66) · 7 years ago

According to you which one will be Steem or Sbd @haejin

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yallapapi (70) · 7 years ago

LOL. Bought a bunch of Steem yesterday. Down 10% since then.

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formysons (50) · 7 years ago

오늘도 수고하시네요

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ryacha21 (61) · 7 years ago

Ok. I will buy some steemdollar now!

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https://steemit.com/shitpost/@pawsdog/the-shit-post-diaries-1-17-18-4

pawsdog (55) · 7 years ago

Rewards Pool Farmer Alert

@Steemcleaners, check out the comments section of @ryacha21 above. (https://steemit.com/@ryacha21/comments)

He is leasing 30k SP from @minnowbooster then using that to VOTE Up his own 7 Day old comments on random posts at the last minute. Scroll his comments to around the 6 day mark or just go to https://steemd.com/@ryacha21; he has a lot of self love on his own old comments.

HE IS DOING IT OVER AND OVER AND OVER.. He is farming the pool.. If you could help it would be appreciated..

Learn more about this sack of monkey spunk here:

Also kinda a dick move to use the actual good post of another person to post a comment for no other reason to come back and farm it later.

Post Author, @haejin I do apologize.. This dude makes no actual articles of his own so the only way to draw attention to what he is doing is to comment his comments. My sincerest apologies for cluttering up your blog, outing the abusive self voting behavior of

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hustlin (25) · 7 years ago

Very gooood.

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viraldrome (67) · 7 years ago

If SBD hit 39 dollars I would be making more from steemit than my real job

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honeyletsgo (51) · 7 years ago

I'm excited to see it soaring high again. :)

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mashwanii (51) · 7 years ago

Thanx Dear. keep Update us like that. stay blessed <3

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