Top 10 Cryptos
At the moment of writing, top 10 assets were mixed, with half of them in red and half of them in green.
The beginning of the week seems just as undecided as the last month.
STEEM And SBD
At the moment of writing, STEEM was trading, on average, at $0.97 on Coinmarketcap, slightly up from yesterday.
On the 1 hour chart, STEEM entered a corridor between 15k and 15.5k satoshis and it's staying there
The daily chart is stabilizing after a couple of sharp drops last week
SBD was trading, at the moment of writing, at $1.02, almost identical with yesterday, in fiat and in BTC.
The 1 hour chart shows SBD trading sideways, maintaining its peg
The daily chart is stabilizing as well around 15k satoshis
SBD to STEEM Ratio
At the moment of writing, according to steem.supply you could get 1.012 STEEM for 1 SBD, down from yesterday, and above parity. Since SBD printing rate is 0%, rewards are paid now in STEEM / Steem Power.
Overall opinion: An hesitant start of the week, with no clear direction for the market so far. We will have to wait to see where the price really wants to go.
Disclaimer: I'm not a trader and this is not trading advice. I'm writing these articles for my own educational purposes and they are not meant as an investment foundation. Please make your own due diligences when investing and never invest more than you can afford to lose.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |
No clear direction yet but Bitcoin seems to have slowly moving up and is pointing towards the $6500 resistance level this morning. There was a big volume dogi last evening after the market crossed the 100MA line which has acted as a support during the night. If volume comes in we may see a nice bull day.
EOS is on a trading range triangle still around the $5 level. It is just trading over the 200MA but nothing shows a clear direction yet, although if bitcoin starts moving up it will probably follow.
STEEM is also on a trading range just below $1 and volume is slowly decreasing, although it has touched that level twice since yesterday and has just crossed the 200MA line. It could cross the psychological $1 today if bitcoin pushes up all altcoins.
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Looks like half of them are red to me, so no clear direction for now. I still think steem is fairly valued. If I can make dollars on a post in happy. Those spending a lot on buying votes may make less profit, but there still seems demand for that service even if it's to the detriment of steem. We need quality on the trending page to attract good creators
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You're right about the copy, it got somehow lost, but I corrected it now. As for the value of STEEM, I don't know. I think it should be in the $2-3, but the markets are always right.
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Yeah, Market is the best judge...You are spot on about that!!!
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Last 7days btc price
And last 7 days steem price
It dsnt matter
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I don't believe in the 'wisdom' of the market. It's driven more by greed than innovation. It's up to us to prove that steem and Steemit have real value and build the demand
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My point in stating that was that you can't "influence the market with your own perceived value". Even if I believe STEEM is more valuable than it is now on the market, that doesn't make it more valuable.
It was the hardest lesson I learned as a FOREX trader and one that I will never forget. Driven by greed or fear, or good will, the truth is that the market can stay "irrational" way more than you can stay solvent. Hence, markets are always right.
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Of course we can't individually sway the market, but I was using a different definition of 'right' :) I'd say a lot of market behaviour is pretty irrational. It's a good thing I don't trade.
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The trending page posts are full with bid/paid bot votes...So disappointing to see.
Paid votes are a cancer that is weakening steemit from inside...Invasive actions are required.
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Just last month the value of steem was far better than sbd. Now its the opposite.
We will keep on watching.
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Half the market is still red. Only good thing about market report is steem is stable
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steem holding the base line nicely hopefully we will see some upmovement too
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A cautious market start for the week...Just wait and see...Patience Game...
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Btc looks good. But i am very worry about sbd and steem.
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bitcoin is showing good stability from last two and three days, It's a good sign.
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Still painful to see the prices but at least we are not bleeding like stuck pigs anymore.
Stellar Lumens is the only bright spot that I have today and I am taking my pleasure where I can.
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Good inform , thanks for sharing your information @dragosroua
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Good one, take a look at my new article crypto market too ..
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I am glad to see this great information bitcoin rate grow up...thanks for sharing..sir..
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