At the moment of writing, STEEM posted an almost 10% increase in price, if we are to believe this Upbit screenshot (and I ave no reasons to doubt it, since it's me who took it, a few seconds ago):
We can see the increase more clearly on Bittrex:
I wouldn't hold my breath over it, though, as the volume is very, very low.
Still, nice to see a STEEM increase with almost 10% while SBD rose only 3%. STEEM price decoupling from SBD would be a sign of health, from my point of view.
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.
Wanna know when you're getting paid?
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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 |
10% recovery is good but we need much more stability in the Steem prices....
When SBD spikes way higher than Steem, what is that a sign of? People selling for SBD, or something else?
it's a sign of SBD being pumped - or "taken for a ride". There is no reason for SBD to trade higher than $1 other than short term speculation.
My question is, just what is being speculated here? When SBD is pumped, aside from profit, what else is occurring? It's a debt instrument, right? So what makes it more attractive an investment than STEEM? Is there a higher return somehow?
Indeed :)
I noticed it yesterday as I've started buying small amounts every day and the orders didn't fill up.
Maybe it will stick, who knows :)
Price pays. It is better to be up then down ;) Thanks.
A blend mix of optimism and pessimism, the whole world is waiting on steem. As hodler, I hope that arrival of SMT will push it back and beyond record ATH. SMT, c'mmon real quick!
This increase puts a smile of hope and assurance of a better future with steem on my face. It’s actually a joy from within , 10% is something we look everyday if possible... I mean 10% increase of the previous increase in the ascending order
Always rooting for that divergence!
Although Koreans are well known for inflating the prices of cryptocurrencies, the positive of all this is that STEEM is being known by many more people.
May be the reason Indians moving their money from bitcoin to steem.
Theres much hope for steem..lets just keep steeming and then power up.thanks for this post.
Steem is the future my friends this is the second time is happens this week
i have a feeling that more and more big users are getting into steemtit and need some PS
Any increase is increase as far as im concerned, call me knuckle headed but we all want steem to the moon...thanks G
I bought Steem at 1.50 point. I'm glad I made that decision.
Now steem and SBD market difference is decreasing... steem is growing up...
I was waiting for a good news!!!
-cheers-
steem is not on top of binance too in volume so expect more pump ups :D
wow very nice post
I think that put SBD in great buy position
A price hike is always a good news to us no matter how much it is ;)
I’ll take any day in the green :)
When I signed off yesterday, Steem was around $1.70. When I finally looked today, it was $1.90. Now if I could just get all my investments to do that consistently. ;)
Also, would be nice to stop getting Steem rewards...
Not sure what you meant by this, so I'm asking. What did you mean by:
I have an idea, but before I agree or disagree with it, I want to make sure what you're saying. :)
I did the math last night and commented on one of @dragosroua's older posts. Basically what is happening is that when you get 10 SBD in regards, Steemit is forcibly converting approximately 15% of that to Steem assuming that SBD is priced at $1. So 15% is 1.5SBD. At a rate of $1.87 (current Steem price) that means you get 0.802 Steem rather than the 1.5802 Steem that you would get for that on the open market.
It's just another way that I think shows how we need to return to the peg for SBD. Yes, we get the upside, but we also get the downside of it not being on peg. There's too much happening behind the scenes that's not showing up on the front end. I even looked at the payout on my last post and it only lists the SBD and SP. There's no mention of the Steem.
I won't start a rant about transparency, but it's bubbling back there. Just know that it's there. ;)
Just as long as your rant about transparency happens sometime, in a post perhaps, that's all that matters. :)
I've barely felt comfortable with the $ rewards to SBD/SP to STEEM to SP to fiat conversions, and now you're saying we're being taken to the cleaners with STEEM?
Okay, I see what you're saying and I agree. While I don't understand all the nuances (and it could be because I shouldn't have to , dang it), the SBD above the peg is short term andshort sighted. It's too bad it ever depegged.
I thought (and was hoping) you were taking issue with the whole idea of rewards in the first place, since that's an arcane magician's potion in and of itself. I've never been a fan of SP, and I've wondered why we don't work with straight STEEM. My conclusions have been, someone doesn't want us to mess up the fragile STEEM market by actually trafficking in STEEM. Which makes no sense, since some of the most lucrative operations associated with the STEEM ecosystem (delegations, bots, etc.), all transact in STEEM or SBD. All in the name of the mighty SP, which means absolutely nothing anywhere but within the STEEM ecosystem.
So, there's my soapbox rant, Steemit-style. :)
This is not my rant, these are just some unfiltered thoughts about things. I don't have an issue with the idea of rewards. I think it's a good idea as it is an incentive to produce more content which will draw people to use the site. If they can earn something by using it, they'll use it more. Unfortunately, sometimes people abuse that system, but there's not a lot you can do about that.
My issue is more that so much happens on the back-end and isn't seem by the general public. You pretty much have to have a computer science degree and have been here from the beginning to actually know what's going on. I'm a decently intelligent person who can figure things out, but there are so many special rules in Steemit that even I struggle to keep up. Add in the fact that it's a decentralized system with poor post visibility and even worse communication from the (seemingly disinterested) development team, and I'm wondering how long this thing is going to be viable. Seriously, I wonder.
I'm not giving up on Steem or Steemit, but I call out problems when I see them. Although personally I'm a positive person, I think it's important to call out the things that need to be improved, especially in business. Otherwise, they don't get fixed and everyone loses (well, people other than all of us win). I've said for years that I would much rather have someone tell me I have something in my teeth than have to find out on my own hours later. Id' rather deal with issues before they become huge things that can sink the ship.
Steemit has communication issues, customer service issues, development issues, and management issues. I believe that they need to take a more active role in developing a healthier ecosystem here or it will die. I think it's short-sighted and a disservice to their investors (and all the users) to not create a positive, balanced environment. I'm not saying that everyone should have equal SP, I'm just saying that it doesn't make sense to let the fox eat all the hens. Not only will the hens be dead, but the fox will die of starvation too. I think it would be better for Steemit to take a more active, heavy-handed approach that does inhibit some individuals's freedom in the pursuit of a stable system. Once there are a greater number of larger accounts, they'll be able to keep each other in check. As it is, there are too few large accounts, and most of them seem to just be cashing in, not developing the community.
I would like to be on the cutting edge of things. There are a lot of other great options that are starting up. Yes, they're not as established yet, but if they take off, they could be worth a lot in the future. I'd rather spend my time on something that is going somewhere. I think I'm going to need to do more research about the competitors over the next month/two months and see if I can find a more viable option.
All of that being said, I don't really have an issue with getting SP as opposed to Steem. I think it's an intriguing concept to have "vested" Steem, which is what it actually is. They're x vests worth of Steem. It shows that a person is really committed to the community because they're willing to commit it for at least 13 weeks.
I do agree that it would be beneficial to have a larger volume of Steem being traded. That could help the market expand and for it to gain even more legitimacy. Focusing on the price too much is very short-sighted, but focusing on the fundamentals will help build a nice house on a solid foundation.
Having a de-pegged SBD is stupid. If it's not pegged, there's no reason for SBD. Without the peg, SBD is utterly and completely superfluous. Worse than superfluous, it obfuscates the real value of Steem. People equate the two so much together that they've been coupled for the last few months. They've been rising and falling in-step.
I think the witnesses should aggressively strong-arm it back to $1 and put policies in place to keep it there, or they should get rid of it and do the rewards in SP and Steem.
It doesn't make sense to overpay people for articles because of the broken peg. It doesn't make sense to rob those same people of SBD to convert it to Steem without even outlining that. To not even show it in the payout portion of the post is wrong, just wrong. If it's telling me I got 10 SBD, I should have gotten 10 SBD, not 8.5 SBD and 0.9 Steem because of the disadvantaged conversion rate.
Ok, so there was a tiny bit of a rant on transparency at the end, but I'm going to leave it for now. I've probably already said enough to make a lot of people mad, so I'll just stop.
tl;dr
- Steem is cool, but needs improvement. Time is getting short as competitors enter the market.
- Steemit needs to be easy to use... without a computer programming degree.
- SBD needs to be pegged, or go away.
Best. Non. Rant. Ever.
I have to say, this is the first time I think I've read you fired up, and seriously, it's not a bad look.
I do like the happier go lucky Man With No Name, but this side is cool, too.
And frankly, people shouldn't get mad over a single word you said. If anything, it would be nice if they just simply explained things, which I think is to the point, right?
There does not seem to be a good reason for SBD, and plenty bad, as long as it remains unpegged. Starting with SBD pumps. I'm still not sure why people would want to do that. It's a debt instrument. So are they getting paid interest for holding it? Are they betting against the long term stability of the platform? Does Steemit Inc benefit when people hold SBD?
Okay, well, I'm glad I didn't superimpose my thoughts on SP with yours. That would have been a great error of interpretation on my part. Basically what you told me is what I've been told by my friend and read from others. It may or may not be this, but SP feels like an investment in Steemit Inc rather than in STEEM or for that matter, the community, but the 13 weeks that used to be two years definitely shows a commitment.
What's interesting is, you come to this point in your Steemit life running numbers. I came to it a while back by reading two year old posts and stumbling upon dead fish with a lot of SP floating around. I think it's a necessary point to reach. The question becomes, what do you do with it.
I've heard of a couple of things that sound similar to STEEM. I can't remember now which, but neither seemed to offer the flexibility of topic (one was basically crypto related and the other was something else). As it is, neither have launched, and so who knows what they're going to look like when they do. There seems to be a lot of floundering around before anything of substance takes place.
I kick myself for not being here sooner, but I think I might of had a hard time with it. Supposedly all of the changes that were made in the last several hardforks was to make everything more palatable. Which is funny, because a lot of the folks that were there before preferred the way it was. So did it benefit the platform, or the same individuals that were benefiting from the beginning?
There has been an uptick in communication from steemitblog over the last few months. I can't say I've seen anything for a while asking for input on anything, though. And as far as heavy handedness goes, if there is any to be had, we'll probably see it when community drops. Since that's supposedly more imminent now than indefinite, we might know if it helps with stabilization within the next three months or so. (Don't hold me to that—what do I know that you don't?)
I'd like to know what I'm getting in SBD/SP on my post, rather than the $ reward. And I'd rather it didn't have to be such a tangled mess to calculate. I'd like curation to have its own pool, or at least not show up as part of the $ reward on my posts.
Personally, I'm glad you're here, and I'm glad to hear you're not giving up (at least not yet). This place needs more people who care for it, and want it to be fair, transparent and successful. People who care enough to treat the platform with respect and with the long term in mind. I think you've been doing all of those things, in your upbeat style and your bounty killer sense of humor.
Onward and upward. :)
I just realized that you had posted a response already. I posted my response to you along with additional commentary here https://steemit.com/@themanwithnoname/saturday-rant-don-t-worry-if-you-miss-this-one-there-will-be-more
I'm glad that you were able to connect with The Man With No Name Who Didn't Care (That's what I should have called the post. Hindsight, right?!)
I also kick myself from time to time for not being here sooner, but then again, who knows what my experience would have been and if I would have met so many of the fine people I know. I can't change the past, so I just work to improve the present.
When SBD was pegged to $1, the payout amount on the post was supposed to be accurate to the dollar value that you would receive. However, with the peg broken, it doesn't work. I agree that there needs to be more info on separation of the author and curation rewards. It should at least show them both on the page. And it would be nice for them to calculate the % for you as well. Would also be fun to know that ahead of time, but it doesn't really make a difference. Most people just post and then put their head back in the sand.
I don't think of SP as an investment in Steemit, I view it as a VESTment in Steem. It is what allows me to help decide where the rewards go. If I don't vest them, then I don't get to decide. Since the rewards come from the SP, it makes sense that is where they go back to. I think the SBD was created to be stable to encourage markets, and you want to have some out there so people can use it. If the only way to get it was to trade for it, people might not use it as much.
No, you only get interest on your SBD when it's below $1 in value. Since it's over $1, there's no interest.
Did you see the post recently that was discussing the trending page and how @steemitblog couldn't even reach the trending page organically because of all the bid-botters who were boosting their posts? That's crazy. Also crazy to think that the guy who started Dtube might take it to another blockchain. Honestly, I wouldn't blame him. It's gotten to be a mess here. Kinda makes you think that we need some centralization to this thing. Or at least governance.
I'll try to get back to upbeat. I don't think I've been here long enough to be ranting about things consistently. Ha ha. Hey, if you find any of those dead accounts, tell their owners that they can pass their SP on to me. I won't even power it down. ;)
Right on!
Fantastic. Let's get that price up there. I need it to be $40 by June. ;)
I'm brand new to this, having just posted my introduce yourself post yesterday, but am trying to learn as much as I can. Crash course, if you will.
Posts like this definitely help, as do applications like the one you created. I have seen some of the charts and was curious why there was such a huge spike in the beginning of the year. Still researching everything - it seems like the more I learn about this site, the more there is to learn.
Anyway, thank you for the tool. I've added it to my links list and I will probably be checking it daily out of curiosity! 😊
It seemed like the SBD was returning to $1 USD, then the spike occurred, undoing weeks of repeg action, for lack of a better term.
When any token or crypto decouples from any other, especially ones that are related, it seems like a healthy thing. Can't really call it diversification if all one's investments are in crypto and they all move up and down together.
Small victories eventually win the war, so I guess we revel in the smaller triumphs and look toward the brighter day. :)