LOL.. I’m not even going to pretend that I understand this Steem Dollar pump!?! by nanzo-scoop

trading · @nanzo-scoop · Jun 26 '17 (edited)

$132.87

LOL.. I’m not even going to pretend that I understand this Steem Dollar pump!?!

<center>

https://media.giphy.com/media/3ohrytTbafbqLOeEzm/giphy.gif


![Screen Shot 2017-06-26 at 19.41.11.png](https://steemitimages.com/DQmc5J9Ftm9mwr7id9onQtwgqVzLUimS3Tw8EL6pcbSD4rh/Screen%20Shot%202017-06-26%20at%2019.41.11.png)

*What if I told you, you could have sold 1 dollar for $2.50 today...*

</center>

👍 nanzo-scoop, teamsteem, ezzy, gavvet, thecryptofiend, rea, jrcornel, chitty, timsaid, bobbylee, jerrybanfield, jamesbrown, brandonp, ak2020, natureofbeing, bontonstory, hanshotfirst, dan-atstarlite, bcc, barrydutton, sponge-bob, kyriacos, pharesim, mafeeva, sauravrungta, veryrico, infovore, dragonslayer109, richreck, bue, gamer00, creadordelfuturo, mummyimperfect, hydro100, benjiberigan, sandra, jacor, jens84, berkah, forever-gala, jason, steem-id, doitvoluntarily, mrwang, rahulyadav, t-bot, pnc, dgiors, azurejasper, sebhofmann, jonnyrevolution, incomemonthly, stackin, olga.maslievich, coinbitgold, all-of-us, heroic15397, noogie, ihashfury, dgarsan, ericgordon, notdavemate, simoneb, sevinwilson, and 65 others

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@masterofdesaster · Jun 26 '17

$0.84

well, a steel penny is about 100k$

so a dollar for 2.5$ sounds reasonable :)

👍 nanzo-scoop, kiporen212, ak2020, mafeeva, mummyimperfect

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@nanzo-scoop · Jun 26 '17

Maybe I'm looking at it wrong. Maybe a Steem Dollar is more like an antique coin than a cryptocurrency.

👍 masterofdesaster

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@nickwilson · Jun 26 '17

$1.19

I'm still very new to this, and I have zero clue what this means

👍 nanzo-scoop, ak2020, mafeeva, mummyimperfect, raythomps

properties (23)vote details (5)

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@nanzo-scoop · Jun 26 '17

Whatever happens to the price of Steem, a Steem Dollar will only ever be worth a dollar's worth of Steem. 

However people are buying Steem Dollars for twice that on the open market.

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@nickwilson · Jun 26 '17

$0.47

That makes no sense at all LOL

👍 all-of-us

properties (23)vote details (1)

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1 reply

@brianjuice · Jun 26 '17

Haha. The entire market is dropping heavy and SBD on the rise. The future is here!

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@kiporen212 · Jun 26 '17

SBD?

![giphy (50).gif](https://steemitimages.com/DQmVa1yoSTTBVMmKmtFuhneZanSMygdceAXRuHMsxDjGBMP/giphy%20(50).gif)

👍 kimor

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@clintjunior · Jun 26 '17

$0.81

Hahaha! xD So should I trade my SBD for Steem right now?

👍 nanzo-scoop, ak2020, mafeeva, mummyimperfect

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@nanzo-scoop · Jun 26 '17

You could do.. the catch is that deposits/ withdrawals on Poloniex are suspended at the moment.

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@clintjunior · Jun 26 '17 (edited)

Can't you just convert on Steemit?

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1 reply

@oldtimer · Jun 26 '17

Do you have any idea why and for how long?

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@all-of-us · Jun 26 '17

$1.34

I find trying to understand the Crypto markets to be very much like trying to herd Cats, Exhausting and painful...

👍 nanzo-scoop, all-of-us, ak2020, technium, mafeeva, pate194800, mummyimperfect

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@sevinwilson · Jun 26 '17

I am all sorts of confused with it! Finally coming back to reality! Hopefully some steemians were able to take advantage of it!

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@alienposts · Jun 26 '17 (edited)

Hahaha steem dollars are way too Badass, i can't loool :D

👍 alienposts

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@richreck · Jun 26 '17

$0.62

It is quite confusing. I don't even know anymore.

👍 richreck

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@ericgordon · Jun 26 '17

$0.07

hahaha I totally agree. I don't even bother with the charts anymore.

👍 ericgordon

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@olga.maslievich · Jun 26 '17

I will not look like too :) Thanks for the good humor!
https://scontent-vie1-1.xx.fbcdn.net/v/t34.0-12/19512019_446402475733856_1302248153_n.jpg?oh=d3cbcf620c4eb3748ea0f924f67d4e09&oe=59541837

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@cryptonet · Jun 26 '17

Well today market is highly volatile. That's why steem Dollars fluctuated that much. Happy for those who invested in steem dollar at a low price. haha.

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@voyceatlas · Jun 26 '17

This is how ethereum made me feel [today](https://steemit.com/funny/@voyceatlas/my-ethereum-wallet-looking)...

👍 voyceatlas

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@jordanlindsey · Jun 26 '17

$0.07

Agreed @nanzo-scoop! That is why I am in it for the long term and invested in the community. Besides the truth is I check out steemit before any other site these days. Cats are bound to catch on!

👍 jordanlindsey

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@yeobo · Jun 26 '17

Me neither! High-five!!!

👍 yeobo

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@indepthstory · Jun 26 '17

check out volume in almost all, that is number of buys-sells per unit of time  ....  it is FLAT  so probability towards the buy in the dips ... IMHO ...

👍 apotdevin

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@freddieannobil · Jun 26 '17

..my head hurts!

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@doitvoluntarily · Jun 26 '17

member that crazy 20+ awhile back?

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@nanzo-scoop · Jun 26 '17

Yep... I thought it was a one-off. Clearly not! I'm still baffled that the 50% mark-up has lasted so long!

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@rawpride · Jun 26 '17

LOL, funny, I hadn't noticed this~!

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@rawpride · Jun 26 '17

Upvoted and followed!

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@carry0n · Jun 26 '17

Too many of us are as lost as you are, Steemian brother :D
---
ⓐⓒⓘⓓ ⓖⓞⓓ ⓒⓐⓣ™

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@freedomnation · Jun 26 '17

$0.07

One of the weirdest pumps in the modern era.  While Steem was stuggling at 1. 50$ lol.

👍 freedomnation

properties (23)vote details (1)

@bek · Jun 26 '17

I was going to buy some steem power today.  Guess I will be waiting for a down turn.

properties (22)

@dreamrafa · Jun 26 '17

No need to understand it, just take advantage of it!... It seems pretty weird as Steem dropped rapidly and SBD raised... Any ideas?

properties (22)

@mpspringer · Jun 26 '17

the more i know, the more i realize i dont know

properties (22)

@anton987 · Jun 26 '17

Its it like ... You own some steempowers ( stock) 
and when the value of steem goes up the value compared to the dollar goes up too? 
and the entire think is powered by us creating new original posts... those profiting from our time that we spend on SteemIT ?

👍 anton987

properties (23)vote details (1)

@billthecipher · Jun 26 '17

that moment when SBD is becoming new STEEM
https://media.giphy.com/media/26FmSdiR4qO0FM1qw/giphy.gif

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@traderking48 · Jun 26 '17

What keeps the value of Steem Dollars equal to 1 dollar? It's just Steem saying they're worth 1 dollar. If someone is out there and wants to buy them, the price can go up. Conversely, if a bunch of people with Steem dollars want to sell them, I can guarantee you they'll be worth far less than a dollar each.

👍 traderking48

properties (23)vote details (1)

@stackin · Jun 26 '17

$0.06

I have no idea, must be the illuminati lol

👍 stackin

properties (23)vote details (1)

@summerxxx · Jun 26 '17

Hey! Nice topic. :)

properties (22)

@jarexx · Jun 27 '17 (edited)

The whole market was down and a lot of coins were down significantly. It was a good time to buy many coins yesterday. - @jarexx

properties (22)

@sauravrungta · Jun 27 '17

I think they are misunderstanding the SBD token to be the real token and are pumping it by mistake. Makes no sense! haha

properties (22)

@cryptohunt · Jun 27 '17

$0.03

i'm still very much confuse,but not that surprise anyway. the whales decide poor in dollar anytime the want lol.

👍 cryptohunt

properties (23)vote details (1)

@xxvjs · Jun 27 '17

I sold mine SBD 2 days ago for 1.80$.. I'm sad now :(

properties (22)

@imwatsi · Jun 27 '17 (edited)

Mind bending for sure! It should be worth only a dollars worth of Steem but it's more probably because it's got more value for now or is in demand for its stability I guess. It's just my assumption though. Man, my head hurts from this right now 😁


***@imwatsi  ~ I write poems***

-----

properties (22)

@acrobutterfly · Jun 28 '17

This is so confusing... I don't get it but I'm trying!

properties (22)

@bien · Jun 28 '17

In that case i will upgrade my steem rather than withdraw a small amount of dollar..😊

properties (22)

@jerrybanfield · Jun 28 '17

I guess it is just supply and demand with supply cutoff it is bound to help prices increase!

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