It's a good time to buy some Steem, if you have Steem Dollars

in #steem7 years ago (edited)

If you have built up some SBD from your posts then you may want to consider trading them for Steem on the internal market. The Steem price is back up over a dollar, but the SBD price up even more.

Screenshot_20171122-091337.png

I was just able to buy about 47 steem for 26 SBD. I've powered it up of course. It's likely efforts will be made to get SBD back down, so take advantage of this whilst you can.

Steem on!

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O man, we would have doubled our steem but who could have known that a currency backed by the main currency will go higher in price? That's weird!

It's like going to the movies and paying twice for popcorn while the tickets itself arecheap.
I was awake when it happened but missed the sbd part since it never changed much so I didn't pay attention to it.

It's just the market playing up. Probably don't realise sbd is supposed to be pegged

This really scared me, the lowest in price of steem i have seen since i joined in March.

I hope we don't fall any deeper than $0.5 dear @steevc

So you don't remember Steem at 6c? The Steem price is high, but SBD is higher. It's all good

wow! I missed out on that! lol when did that happen?

Something happened overnight. May have been Korea trading

Yes - seems the new Korea listing was the reason

I wasn't around by then...if i was my faith would be unshakable now.

yeah saw that but good heads up!

I was just thinking about the same. But I'm more curious to find out what caused that quite a huge jump of SBD in past 24 hours. We have already seen an even more insane jump of SBD in May this year when for the short moment the price of SBD jumped even to $22. So, I would really like to know what is going on behind the scene.

I think it's just some market craziness. I heard a Korean exchange started trading Steem. Things will settle down, but we can take advantage for now

OK. Off to the market right now! Thanks!

Indeed, I woke up and straight away sold all SBD I had - wished I wold have saved more of them - will do now for the next pump :-)

Exactly the same happened to me. Now I'm sorry that I didn't set even lower price than I did. - lol -

thx Steve! great information for those who didn't notice it (like me)! Just sold 150 SBD and bought 230 Steem :)

That's great. Happy to help

Thanks for the heads up @steevc 👍🏾 I try to check the price most days-didn't think to check today.

It's all a devious plot to make us part with fiat money. :-D

I didn't know you were saving for a Fiat ;)

I just used funds I had here anyway

I keep looking at Fiat 124's I'm clearly having a mid-life crisis. :-D

Wow that was a big drop. Might get some on my break today 😄

i've put all my sbd in steem, i hope things settle down quick! thanks for the heads up :D

I missed out on that! Thanks for sharing. Just followed you

Buy low. Sell high. Thats my motto! 😉

Is there an alternative?

Thank you, you have given me a lot of information about your post