Currently most altcoins are down due to BTC situation lets have a look at the ones that interest us here most - STEEM and SBD.
STEEM Markets
Obviously Bittrex rocks the vol but good to see LiveCoin and HitBTC with spots. Dont think of arbitrage - withdrawal fees there are big. Unless you keep coins at all 3 exchanges and buy and sell without actually moving coins. OpenLedger has some good prices but really low volumes. Thats why i have extended this from just top10. Worth having accounts on all this 4, you never know wheres opportunity.
Mainly STEEM trades below 1 USD now.
SBD Markets
So now SBD is less pegged to USD, more pegged to STEEM. Not that bad volume on BTS pair (compared to STEEM).
Internal STEEM Market
So when price of STEEM is below 1 USD and price of SBD is below 1 USD.. Its good to do internal market plays and even "convert to STEEEM" in profile.
Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips! |
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Very interesting @kingscrown.
Interesting
Thanks my dear :)
Any idea when alts will begin to rise up again? Any hunches? Just a question
You could expect short wave up after november fork. If bitcoin make another move up then alts would rise on that move correction but from lower levels than now. If bitcoin stays flat than alts will slowly bleed.
I think trading with the steem and other crypto is. Much more profitable theae days. All are at low price of the month i think
Yes but Bitcoin is steadily rising . Which is good.
ya DGB will shoot think so
Good post :) Thank You :)
Thanks
I'd like to think that one of these days Steem will pick up a bit and stop underperforming a lot of the other alt coins....we have a good thing going here, but it seems like Steem sees very little action that isn't related to Steemit members buying and selling.
It may correct a little after ddos problem is resolved but i wouldnt expect a significant rise. Fundamentals are weak right now. Advice patience and buy walls at 10k sats and lower.
My Technical Analysis of STEEM: Target $4 and then $14 into 2018
I hold some steem and wait for $10+
Open your eyes :)
With the recent updates I think it will draw more people in. The new feed page is a lot better now that you can sift through the posts easier.
@denmarkguy Cat lover? Bravo! Deserves a tip!
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Great post
Care livecoin will stop trade steem soon : "Dear clients, please withdraw STEEM before November 10. This asset will be delisted. Withdrawal and trading will not be available after October 31. Please don't deposit STEEM."
Why are they doing it?
I believe at some point here the action on STEEM will pick up big time. It might be a couple months down the road but I feel this blockchain is going to get a lot of attention. Steemit is just one of the apps on this chain that is really remarkable. When the bugs get worked out, we will have comeptition for FB/Reddit, twitter, youtube, and quora. Of course, the most outstanding part of this is A) it is decentralized and B) there is tokenization which enables people to get paid.
Plus, do not overlook the impact SMTs have.
Sorry for my noob question, but what is an SMT? I keep seeing that acronym but it is never explained. Sorry
Smart Media Tokens
They were designed to work on the steem blockchain. Basically they allow any site, whether large or small, to create their own currency to monetize their site. While many of the bigger players have the money and time to do it on their own, many blogs out there do not.
Basically it is taken the curation/posting rewards system (proof of brain) and giving it to anyone who wants it. This all goes on the steem blockchain and, it is expected, many entities will initially purchase steem to give their tokens immediate value.
To me, this is a concept that could really drive a ton of traffic to the steem blockchain and, ultimately, to the other apps on here.
Vice.org recently announced they are using SMT to develop their own token. I wrote an article about this...you might want to check it out. It is the first major entry into the space when you look at who the content creators are.
Ah, thanks for the explanation. Will read your article. It's all beginning to make some sense to me now... I think.
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How can you do arbitrage without moving coins?...
Do those exchanges really take high fees for Withdrawing steem?
@dreamrafa, a scientist and guitar player-awesome!
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Thanks!, greetings!
It is everyday trand market?
STEEM on my Brother @kingscrown. Nothing but a PARTY in 2018 !!!
Very informative @kingscrown
I am not in the least discouraged by a temporary downturn of STEEM. I see the potential in the STEEMIT platform.
nace post
good information for steemit users
Thank you that is useful article and a good suggestion.
good information
Can you elaborate a bit more why it is good to do the 3,5 day convert between SBD and Steem? And why the normal internal market exchange is better than on exchanges?
Why STEEM trades below 1 USD?
Okay another rare time where you're in profit hodling more SBD than STEEM :)
Those market % changes in different exchanges are they all in negative - or mixture of both + and -?
great review!
thks you. informations
Thank you for sharing, it helps a lot.
thank you for sharing with us @kingscrown great article
Great and thanks for sharing this information.
Good work! Thanks for the help!
Nice!
Thanks for the info
Thanks for the information.
I'm loving this decentralized platform every single day. Steemit is the wave of the future folks.
Good work - Especially valuable for all us Steemit members
It's fantastic to trade steem and SBD by using the internal market in steemit, without any fee.
good information for all steemit user
Thank you
wah, the price is very interesting especially bitcoin.. resteem
Dont miss this one, its now or never.
https://steemit.com/goldreward/@keronzi9/goldreward-pre-sale-ended-its-now-or-never
Follow me@sujityadav if you want to know about cool stuffs in tech
@sujityadav
nice
great pots
good work .thanks.
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Thank u so much bro
Very informative kingscrown .
Un buen post me gusta
I just saw a big spike on the internal market ! We should see the steem price rise with the fixation on the lag that was occurring on the website.
All te best !