Wassup Steemians, A warm welcome to all of you! :)
[IMAGE: https://s17.postimg.org/apqoupudr/main_steem.jpg]
A short post on Steemit and SBD chart update
First of all I personally want to thank the steemit community for the work they are doing and by landing such a good social platform which attracts new users to explore steemit due to the rewards they offering and more especially how can we forgot DTUBE which will hopefully be one of the top competitors of YouTube in upcoming years If everything goes well.
Here are some stats of what Our Steem community
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The Steem Dollars
Forming a Symmetrical triangle
From last few days following the chart of SBD and there are good chances of the chart to follow the same
[IMAGE: https://s17.postimg.org/rnppgtj9r/steem_1.jpg]
Below are two cases of charts/possibilities of how SBD price may react in upcoming days.
[IMAGE: https://s17.postimg.org/v7bn6o3zz/steem_2.jpg]
[IMAGE: https://s17.postimg.org/wz4m1kv2n/steem_3.jpg]
There are possibilities of SBD following any one of them we need good volume and news to support and break the symmetrical triangle from up if it breaks from down we may see a further dip.
Here's how price has varied in the last 7 days of SBD (Data from Coinmarketcap)
[IMAGE: https://s17.postimg.org/w384m0isf/sbd_data.jpg]
If you are closely observing/ trading SBD coins then we can see the price have almost double in last 7 days!
I have posted some charts and have expectations/assumtions on how SBD may react in the upcoming period. However, No-one can predict the market accurately.
Invest only that part of money which you can afford to loose.
Thankyou,
Please donot forget to Follow me -> @msteemian to get daily updates
SBD, is considered a backed currency by steem indicating the pegged value of 1.00 however it is not that case currently! Steem is the currency of full liquidity meaning, you can send it anywhere via exchanges etc.
SteemPower is powered up from Steem it self, which in return gives you a higher voting power, to upvote people with a higher amount as you power up the steem itself. The downside you can say about powering up, is that it takes 13 Weeks in order to get your money to be liquid again. However if your on the platform daily and beleive in the platform, that is not a down side! Took me like a month and a half to really wrap my head around it.
@myca | Feb. 13, 2018, 3:14 a.m. | Votes: 4 | [
VOTE ]
It is my opinion that Digibyte is one of the best crypto currencies and will make a lot of people wealthy as the adoption rate of Bitcoin grows. I'm not going to bore you with a technical analysis of the project, but rather provide my theory as to what the catalyst will be that makes the price of this coin rise in value.
The Digibyte team are geniuses from a technical standpoint. I'm sure if you are reading this you are already aware of the superior asset Digibyte is to other cryptos. The problem lies in marketing. With the adoption rate of the most popular crypto Bitcoin under 2% it is no surprise that very few people know of Digibyte and their nerdy crew. But no worries because Bitcoin is going to save the day.
As the masses become more familiar with Bitcoin and merchants attempt to implement it as a payment choice the faults of Bitcoin will become known on the big stage. I can see the morning news now talking of 10 minute wait times at Starbucks for a Bitcoin confirmation to clear. There will be a desperate search for a faster more secure payment method in the crypto space. And there with their big dicks swinging in the air will be Digibyte to the rescue. It is simply the natural progression of any new technology. Bitcoin is like Motorola and Nokia, but Digibyte will be Apple and Samsung.
Great topic! This was some interesting info, however I thought there were quite a bit more users (like north of 650,000) and not the 334,000 on your post. The website might be out of date but correct me if I'm wrong because I just kinda thru up a bit in my mouth!! Lol. But, it that user number accurate? Also, I just did a post on a similar topic but touched on it in a slightly different way. I you have some time, check it out and let me know what you think!! Thanks for the post!
https://steemit.com/steem/@brettcalloway/quick-thought-on-sbd-vs-steem
I thought it was funny when I wrote it a year ago. I modified it and posted it when I started @spaminator. It seems humor doesn't translate well though.
My favorite ones we quit using:
>If it walks like a bot, squawks like a bot, it may be flagged for being a bot!
>Self promotion could make your reputation a whale snack!
I'm really happy to see others commenting aswell. I'm even happier to see you are still here.
@myca | Feb. 13, 2018, 3:15 a.m. | Votes: 0 | [
VOTE ]
It is my opinion that Digibyte is one of the best crypto currencies and will make a lot of people wealthy as the adoption rate of Bitcoin grows. I'm not going to bore you with a technical analysis of the project, but rather provide my theory as to what the catalyst will be that makes the price of this coin rise in value.
The Digibyte team are geniuses from a technical standpoint. I'm sure if you are reading this you are already aware of the superior asset Digibyte is to other cryptos. The problem lies in marketing. With the adoption rate of the most popular crypto Bitcoin under 2% it is no surprise that very few people know of Digibyte and their nerdy crew. But no worries because Bitcoin is going to save the day.
As the masses become more familiar with Bitcoin and merchants attempt to implement it as a payment choice the faults of Bitcoin will become known on the big stage. I can see the morning news now talking of 10 minute wait times at Starbucks for a Bitcoin confirmation to clear. There will be a desperate search for a faster more secure payment method in the crypto space. And there with their big dicks swinging in the air will be Digibyte to the rescue. It is simply the natural progression of any new technology. Bitcoin is like Motorola and Nokia, but Digibyte will be Apple and Samsung.
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