On the internal market, 1 STEEM was 0.94 SBD a few seconds ago, but I also saw it at around 0.93.
On Coinmarketcap,SBD was trading at $2.59, while STEEM took a dive and it was at $2.48 (after reaching $2.3 earlier).
As you can see from the 30 minutes chart on Bittrex, someone just sold around $1.4 million worth of STEEM, which obviously took the price down:
It's a bit unusual as in, almost always, SBD was pumping, making STEEM cheaper, but this time STEEM really got cheaper.
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 |
Hmmm, I don't know how to feel about this. I'm always investing my SBD to get more SP with bid bots and such. Obviously powering down is not a solution but, it would be the way of raising my account's value (powering down before the dip).
I won't do that, though. I've been preached and convinced that powering up is the way to go (although I do it indirectly through bid bots).
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It seems a one-off sell-off, probably a whale cashing out. But don't believe me. Don't believe anybody, do your own thing :)
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The bid bot that cashed out, thanks you for your contribution.
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Are bid bots behind the recent big inflated bubble?
Aka, is this another reason Steemit needs bot regulations?
Imagine how one must feel funding these whales who are putting it all into BTC...smh...
Peace.
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Those posts get voted down.
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;+)... ✌
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@cryptosharon You can grow your SP by selling SBD for STEEM and then power up.
See this my steps: https://steemit.com/steem/@luciancovaci/how-to-convert-sbd-to-steem-my-steps
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I know how to do that :) I just prefer to power up through bid bots. They give me SP, I recover the SBD or a part of it and I get my posts promoted and more views. It's a win-win-win.
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I know this.
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I know it, too :)
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Whoa $1.4M in Steem sold? Must be a whale who is getting out.
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Most likely an upvote bot cashing in on the profits.
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I saw the raise in conversion rates just a few minutes ago and thought it may keep going. Given what you're showing that it was due to a massive sell, I don't think it will last long.
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Orders at 0.9
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It doesn't seem to have made much difference when I check in my wallter. 1SBD is still only getting me just over 1 Steem @dragosroua.
I got all excited about powering up there for a moment! 😁
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Can be a better entry point for some new buyers.
$1.4M is too high. I wonder why he/she choose to go out.
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Wow. This is one kind of interesting move for some of us who always wanna get cheap steem. Thanks for the info @dragosroua
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That person knows something that we do not know.
Maybe it is somehow connected with pegging SBD to USD?
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chestiile astea se intampla la toate monedele importante. vin balenele si fac modificari importante pe perioade scurte
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yeah that's a huge dip in steem 0.94 really amazed
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You are alwsys ahead of me by one step. Ok. Do you think that the price will reach 0.6 as was in this range b4 few weeks back.
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Wow, with those prices it seems to be good time to buy long-term steem
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Hmmm, it really did dip, but is it just the beginning? What if you buy and it keeps going down and stabilizes at 0.8? O:
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well...than we just have to wait for it to go up. UP and DOWN, UP and DOWN
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thanks for this useful info, I might consider buying in when I have the money :)
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Well, that's not what I was hoping for. I ended up trading for Steem at 1.00 yesterday. And that was my biggest Steem purchase thus far. That's ok. Life goes on and I still have more Steem than I did.
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Cheap STEEM was a year ago at 8c. Hopefully we will be saying the same thing in 2019. Why didn't we get more when it was just over $2. Every little helps though along the way.
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Eeemmmmm...I consider this good news even though some might think otherwise. Keep rising sbd please.
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I would rather raise SBD and Steem against USD, not fight SBD against Steem, since I have equal measures of both :(
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steem will always be on a roller coaster ride forever :D
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Yes, I utilizes the oppprtunity... Changed my tiny amount of SBD to Steem yesterday before going to sleep :)
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Is steem still down at internal Market...?
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This post was just made. I would expect it to be so.
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Whales loosing grease?? What other coin could they be buying?
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cheap steem is always fun to hold on to :D
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Yes, I want! I'll buy some STEEM soon !
Good point !
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