Back To The Vlogging Board!
Peace,
dan-atstarlite
The Steem Dollar Mystery, The Tether Hack, and Traders Buying Breakouts
7 years ago by dan-atstarlite (66)
$213.81
- Past Payouts $213.81
- - Author $199.83
- - Curators $13.99
217 votes
- + thejohalfiles: $164.255 (100%)
- + andrarchy: $12.045 (100%)
- + teamsteem: $4.628 (10%)
- + nanzo-scoop: $4.156 (30%)
- + goldmatters: $3.703 (100%)
- + dan-atstarlite: $1.944 (100%)
- + barrydutton: $1.628 (67%)
- + ezzy: $1.570 (20%)
- + brian-rhodes: $1.070 (100%)
- + lsuny: $1.046 (100%)
- + midnas-howler: $0.984 (8%)
- + gringalicious: $0.978 (15%)
- + fminerten: $0.833 (5%)
- + steemit-health: $0.752 (100%)
- + maarnio: $0.731 (100%)
- + lifemovedbysteem: $0.620 (100%)
- + superstar: $0.612 (100%)
- + steempty: $0.598 (5%)
- + themonetaryfew: $0.583 (20%)
- + jaybird: $0.542 (100%)
- β¦ and 197 more
I am beyond shocked it is still roaming around 12$ I hope Steem follows a similar path next year
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have high hopes for Steem!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm glad to hear - and I forgot you were in Canada! I feel so silly for having cashed out--I needed to.. but it hurts now! But I'm in it here for the long-haul so it's okay :)
Thanks for the info!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hope so I really like STEEM..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
kinda happy about it, i'm splitting between powering up and saving sbd in the short term.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That is the way it should be. Steem should be the one getting high. Next Year should make this possible
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have to agree with your analysis. It makes the most sense with the dates correlated so closely. And wow, if anything this really shows how much TA is being used in these markets. It's everywhere.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
SBD can stay like this as long as it likes!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yeah, no complaints π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey if you are on steemit, you have a happy face to exchange it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great analysis and for those who aren't aware, Dan really did his research on this and was very diligent about acquiring good information from a variety of sources. Dan is proving to be a valuable resource for high quality information on the platform.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ππ½ Agree ^ This video is great for the community, sooo many people have no idea what's going on π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Especially the newbees.
I'm still trying to figure out how steemit works , while I see complex content like this one.π @khaleelkazi
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It was too technical for a newcomer.
Is giving an explanation for why steem dollar values more than the US dollar in the video?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i've always loved his work. everyone has information relevant for people 'in their place' be it deep dive or just raising interest. i'm hoping to improve my own content over the year to come.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dan rocks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The steem price can easy rise to the same price like SBD ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been selling my SBD as soon as I accumulate a decent amount. Nothing wrong with taking some profits off the table.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Absolutely! Also, cashing out your SBDs isn't even really "taking profits of the table" IMO. The Steem blockchain already cashed that STEEM out for you... when it paid you in SBDs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I like your style of thinking.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i'm doing a split. cheaper steem power and sbd. hoping to upgrade to new kit for the new year to take things to the next level.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
When @dan-atstarlite gets back at vlogging, he does it big! He doesn't do it to talk about the weather... well, that too, but he mainly appears on the screen for what sounds like a great on-pointβ analysis of the longest hike in SBD's history!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree, this is some what related with Tether hack.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What do you mean you cannot do outdoors stuff, you are Canadian man, put on a coat and get out there LOL.
Like, have you never been to a hockey game? Love you bro!!!!!!
I've been making hay but fundamentally refused to really take advantage until the last 3 days, out of principle, pegged to the #Steemnomics of everything.
I actually emailed a top witness about this SBD thing last nite to get thoughts.
Great stuff by you pegging (lol) when this started right to a date that seems to matter -- the Tether "hack"ο»Ώ - so many questions with this but good stuff by you as always.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's not me bro... it's my camera! lol It freezes and runs out of battery when it gets too cold! Staying in for the winter π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hahahaha!!!!!
We love ya man, you are awesome man. I am around anytime you want to visit, still an open offer!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm inclined to agree with your explanation. A couple of extra points: apparently a major Korean exchange adopted Steem and SBD recently (learned this from @netuoso), and also @alexpmorris made a point about how traders shorting cryptocurrencies can cause them to moon. Basically when SBD initially started to surge in the way you described, some people with faith in the peg mechanism would have borrowed SBD (usually with interest) to short it. The peg mechanism is actually very weak though, and the longer it went without going down, the more they owed in SBD. Thus they are forced to buy at a higher price, which propels the price upwards again in a short squeeze, and other technical traders may jump on board seeing the "technical move" at the same time.
I think all these things came together in a perfect storm after the Tether hack.
In the long run the weak downwards peg should still bring the price down. It's just in no way reliable in the short term. Hopefully we can bring in tools to improve the downward aspect of the peg.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good points! Do you know if Bittrex lets you short SBD?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't think so, I believe it can only be done ad hoc for now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Its great theory, that could actually triggered the pump... But then all these people realized how fast SBD transfer and how its absolutely free to transfer, and they realize the low volumen circulating, so it becomes more valuable, high demand low offer, values goes up.... Many people is doing arbitrage because the coin is perfect to transfer between exchanges fast and free... So they really dont need to know what steem dollars are, they serve they need pretty better than other coin and they are making money, offer wont grow significantly so they will keep their value...
Only thing that could drop its price is BTC price crashing hard and for long time, and i dont see that happening anytime soon...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed! and if Poloniex's SBD wallets weren't currently under maintenance I'm sure we'd see a lot more arbitrage.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been taking advantage of the price increase to book partial profits to use in buying other coins. Of course, we all here on SteemIt remain bullish on Steem :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Whoa.... no glasses.... Your eyes are so pretty ;)
Glad to see ya back on the Vlog. I've always thought that you've got a good knack for talking about relevant topics that are useful to the Steemit Community, while holding the viewers attention bc you're a good speaker.
I also think I lot of ppl were waiting for a video like this so nice timing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! Yeah, I'll reserve the shades for SteemBirds stuff for now π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I agree with Jay, good to see you back in the fray, glad you ditched the glassesππ
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have been selling my SBD at market for a killing all week! It has been awesome! This whole crypto world is fascinating, what an amazing time to be alive and part of this. Thanks for the video, it was helpful having you breakdown your theory's, they make a lot of since.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes man agree! I've been doing the same thing. Hodl low, sell partial high, hodl the rest :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
*Selling it for steem of course.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
get that power up ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I assumed... of course π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great vlog. I had not thought of any relationship to tether, interesting take. Just a suggestion on your future vlogs, I'd recommend posting to dtube which is giving out upvotes on all the postings there, assuming it's good content which this vlog definitely applies.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! Yeah I'm always torn about whether to use youtube or dsound. I chose Youtube for this video because I'm getting a lot of non-steemian youtube traffic so I figure it's a good way to spread the word about Steemit to the Youtube community. I'll probably start using dtube eventually though!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i made a seperate account @teamvideo maybe make another for 'decentralized' content - that was always my intention with the second account.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Cool, will check it!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great vlog. I agree with @noboxes, interesting perspective on the correlation with tether. Great analysis! Keep these coming!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @gringalicious! Will do π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Makes sense.. I wondered what was happening, but I did take advantage :) And welcome back!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks @tamacvet... I just have to get back into the rhythm π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
YES DAN! perfect. love this. i have MISSED the videos ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! Yeah I missed doing these! Just have shake the vlobwebs out lol
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great explanation, thank you!
Makes total sense.
I'm trying to make the most of it before SBD drops again :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yip, it's a great time to be posting π
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
hi everybody hi dan, i'm new on steemit, I have a question: why uploading on youtube instead of D.tube ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
D tube is not a mandate on steemit.
He possibly has existing followers on youtube that he wants to bring into his steem page.
Makes sense?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sure thank you for clarifying this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's exactly it!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Awesome information. Thank you for sharing.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
great vlog .. i waiting for your next vlog
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @dan-atstarlite! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPDownvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for post . Very interesting and useful .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 137.67 SBD, based on the pending payout at the time the data was extracted.
If you do not wish to receive these messages in future, reply with the word "stop".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @dan-atstarlite, this post is the forth most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 339 and the total pending payments to posts in this category was $5670.18. To see the full list of highest paid posts across all accounts categories, click here.
If you do not wish to receive these messages in future, please reply stop to this comment.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Beautiful video
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
very nice review
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you for this explanation. I was a bit confused before. Now I know
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
you are teh billgates to steemit world :))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Perfect analysis,Great to see
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You really made my day with this post. I have been searching for this. Thank you, someone sent me the link. This is the best post ever. God Bless You
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Glad to see you again. ^_^ Always found your vlog informative and missed it when you went away there. Hope you got to unwind for a bit and are ready to jump back in to the crypto heat. What coins are relatively still affordable right now that you think might be good to get into for a beginner?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Eventually I found what I m searching for! Thanks for good post !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks Dan, you are making uber sense once again / peace
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for this video, I've been trying to figure out why people would buy SBD. This explains a very likely reason for the increase in price but i'm still confused who would buy SBD even before the big jump in price.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit