SBD is not mooning
View this post on Hive: SBD is not mooning
8 years ago in #sbd by themarkymark (78)
$108.52
- Past Payouts $108.52
- - Author $97.08
- - Curators $11.45
SBD is not mooning
View this post on Hive: SBD is not mooning
Someone with trapped SBD finally getting some use for their trapped SBD by pumping it to get Steemmonster packs for cheap? :D
They took hitbtc out of the equation as far as Steem Monster prices go, sadly :)
Yeah, I was talking about this for days lol, I am not sure if the previous SBD pump was caused by this market manipulation on HitBTC?
Btw, I did some research on HitBTC and I can see that it's locked market, wiki says the following: HitBTC is a cryptocurrency exchange from an unknown location that launched in 2014. It is operated by Hit Techs Limited. HIT Solution Ltd provides access to multi-currency exchange platform under the registered trademark "HitBTC". It's very fishy imo.
So the market is created for pumps I believe, a lot of other crypto currencies are trading way higher than Bittrex and Binance.
As for the Binance price calculation for the CoinMarketCap, there is no SBD added on Binance yet, only Steem.
Thanks for the reality check.
damn, looks like I will not be a STEEM millionaire again this month.
Here I thought the SBD/Steem spread was finely closing and SBD was getting back to where it belongs at 1 to 1.
The only increase happening currently is the massive enrollment of new users and new initiatives calling for delegation with the promise of 90% returns.
I think it is impossible to promise 90% returns people are using new users to become whales and grow their own nest eggs.
This has caused the internal market to climb and be eradic over the past few weeks.
When I first started it was 1 to 1 now I have seen it climb to 1.60 for Steem then crash right back down to 1.25.
This rapid increase and decrease isn't helping anyone except a few whales continue to grow their wealth and control the platform.
There needs to be support for Minnows, possibly further delegation until reaching 100 to 500 SP.
Volatility is bad for business. I don't know how people can expect it to keep going up and up.
Yea, I saw that too, which site would you suggest to use for converting cryptocurrency? I am using coinmarketcap for my discord bot in the past.
I use the internal market to sell SBD to STEEM a lot when the exchange rate is good. If I was to sell to fiat I would go to Bittrex to get to BTC then where ever to get Fiat.
sorry, let me rephrase my question, I mean to get the conversion rate API haha. so there is an APi call to get the internal market price? I didnt knew that
You can call the price for Bittrex and Binance and average them. This is what I would recommend. Each exchange has their own API and CoinMarketCap has a global API.
Am hopeful that SBD will ret to the good old days all we need is to give it time! Great analysis @themarkymark
Bittrex is not following the price either. Still its 1.75
Each market has its own price, but it is within reasonability. HitBtc and Poloniex are unrealistic many times.
I wonder why hitbtc is not accepting deposit/withdrawal of steem/sbd.
It just isn't a priority for them to fix their gateway is what I suspect.
Well at least now there is clarification, thanks man..