SBD/STEEM Hit Another Technical Low: Time to Load Up! by bullishmoney

steem · @bullishmoney · Jul 17 '17

$11.44

SBD/STEEM Hit Another Technical Low: Time to Load Up!

For months now, I've been complaining about the undervaluation of Steem dollars relative to the STEEM cryptocurrency; in other words, we've been having to pay more units of Steem dollars to get one STEEM coin. Fortunately, the markets have a way of helping out the Steemit stackers! 

For anybody holding on to Steem dollars, this present moment may be a good time to convert some to STEEM coins. In the trailing 30 days, we've seen two periods when the SBD/STEEM "buyout" ratio hit 1:1 (or better) -- in late June, and right now. 

![STEEM-buy-opp.jpg](https://steemitimages.com/DQmW1AeGSHoGtXbAYxDGKwFJDKNejJqbxkKBYJgFSnDWphb/STEEM-buy-opp.jpg)

The 26th and 27th of June were, in hindsight, ideal times to load up the boat with STEEM coins. Shortly thereafter, the SBD/STEEM ratio skyrocketed beyond $1.60. Now, we have another opportunity to acquire the Steemit cryptocurrency at ideal rates. 

The risk, of course, is that the ratio could decline even further -- that's why I'm not going in full-bore, but keeping some of my holdings ready, in case we *really* correct. But given the reactionary moves in Steemit and cryptos in general, I'm willing to bet that we'll soon see another spike rally in SBD/STEEM. 

##### As always, it's your call, but I've made my decision! :) 
>

STEEM On!

👍 onealfa, gigafart, timcliff, livingfree, djohan, happymoneyman, kennyskitchen, skytrex, artbyjulia, bullishmoney, stackin, abh12345, wakeupworldnews, wagnertamanaha, robertchr, suprepachyderm, artwatch, felam1699, joshuakim, junvebbei, auskiwi, markpluto, dianadee, savana, rashidminhas, gardor, kdogdiggles13, black-eye, dobro88888888, chitnaingoo, parmjit

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@robertchr · Jul 17 '17 (edited)

I got a new order of Steem real cheap under a buck yesterday.

👍 robertchr

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@abh12345 · Jul 17 '17

Double bottom on the chart here, it does look like the right time to collect.

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@stackin · Jul 17 '17

$0.03

So in other words, buy tons of SBD :)

👍 jesta, marcusxman

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@djohan · Jul 17 '17

$0.17

i just did, thanks

👍 djohan

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@jzeek · Jul 17 '17

$0.12

This is a great opportunity for those who want to get some more Steem Power @bullishmoney

👍 djohan

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@djohan · Jul 17 '17

$0.12

cheap as chips. Time to buy

👍 djohan

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@parmjit · Jul 17 '17

Follow Me

https://steemit.com/@parmjit

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@elbiasto · Jul 17 '17

$0.12

awesome chance to buy now for sure , but I think it there could even be better chances to buy a few days before 1st August ... everyone who is able shoul buy before that day , otherwise they miss the last chance to get Steem and other cryptos cheap .

👍 elbiasto

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@artbyjulia · Jul 17 '17

I've made my decision too:)) Great post! Thanks bullishmoney

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@codingdefined · Jul 17 '17

Nice information. thanks for sharing

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@ionlysaymeep · Jul 17 '17

meep

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@gregario · Jul 17 '17

I have not bought cryptos yet. I am seriously considering it. But I will wait a little longer. I believe the down leg will continue for a while. Medium term, this is up up up for cryptos. But my impression is the correction is not over.

Of course, no one know the timing. Just the way I feel.

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@dianadee · Jul 22 '17

Thanks for your post!

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