"Everything" is falling, except Steem Dollar, and today the futures market on Bitcoin opens by scandinavianlife

$42.19

"Everything" is falling, except Steem Dollar, and today the futures market on Bitcoin opens

## Steem dollars dipped a little bit yesterday as the markets started to look a little more bullish again over $420 billion. But this morning markets were down to $380 - a 9% decrease in one night.

&nbsp;
![business-2089533__480.jpg](https://steemitimages.com/DQmRwE6r3Wiqt39SsDUq1qDXAazQtkXhhJSymi1XENKPKfa/business-2089533__480.jpg)

But remember, the last week the market has added over $100 billion - largely into Bitcoin. As we saw a high of almost $20,000USD people were speculating if it was a pump to short Bitcoin once the [future trading markets]( http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures) were up and running. Personally I think it was a test, to see how fast and hard Bitcoin can be pumped.

And as I've argued before, and I think the test (if there was one) showed that the Bitcoin market is illiquid and incredibly undervalued. There is A LOT of money waiting and wanting to get into Bitcoin and with the institutional money coming in right now we could very possibly see totally different prices.

## Steem dollar

Some argue that Steem dollar is being pumped on Korean exchanges by people not realizing what it is and people just looking at it's low price. I personally think it's strange that Steem Dollar was listed and able to be bought by Fiat - and not Steem. But it is what it is. Right now it seems to go the opposite way of the market - and while Steem is falling pretty heavy, Steem Dollar is back up over $7 after dipping below $5,50 yesterday. This "pump" or whatever it is, has been lasting very long now..

Also, remember everyone who uses Upvote boosters, I've read people complaining about "bad" payouts. But remember, when you boost your post with let's say 10$ and only get 5$ back, it's because you get back 57% Steem dollar, which is worth 5-6 times more than Steem.

&nbsp;
&nbsp;

![Odin approves of this message.png](https://steemitimages.com/DQmSMgHEw53EqFK6pKLSDzR5Rgq3Ku9s5k4j8Ad19GPzA5S/Odin%20approves%20of%20this%20message.png)

👍 buildawhale, booster, libertyteeth, paulag, scandinavianlife, leeuw, nippel66, itchykitten, supermeatboy, trumpman, preparedwombat, livingfree, norwegianviking, janusface, motoengineer, decebal2dac, lt770, dexter-k, ervin-lemark, amreshchandra, kalemandra, jiujitsu, maxbullion, prosirius, arsenal49, michellectv, mathworksheets, oregonpop, wakeupworldnews, deismac, cryptovisitor, vannfrik, drmake, rest100, framelalife, gohba.handcrafts, grey580, mrslauren, liberty-minded, agoric.systems, shawnfishbit, jimjam1210, synrg, poweredbyweb, crypto2day, transhuman, gazur, nate-atkins, hotvideos, ariak, spurious-claims, susankiani, fivestargroup, marziehshahabi, illuminated, techmojo, mikegun, freetissues, tonimarco, camendes70, zyl, kurtbeil, criptorafa, steem-star, and 153 others

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@mindhunter07 · Dec 10 '17

$0.05

All the crypto remains un certain

👍 scandinavianlife

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@soulmates · Dec 10 '17

I agree with you

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@mazzle · Dec 10 '17

$0.11

Let's hope we continue to see a boost to SBD.  For those of us wanting Steemit to be our full time job, the continued price rises gives us hope.

👍 scandinavianlife, sayee

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@eva.milli · Dec 10 '17

$0.05

steem dollar also falling, once when bitcoin was 16,000$USD , steem dollar was 14$ USD buy now bitocon falls to 13,000$ USD ,  and steem dollar also fell to 7$ USD :(

👍 scandinavianlife

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@leeuw · Dec 10 '17

$0.49

yes and you know what, sbd will go back to $1 and steem to the planets

👍 leeuw

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@leeuw · Dec 10 '17

$0.62

cryptos are a new technology and many (not you) are whining about the volatility. If new tech is not for someone then someone should not go in, does that make sense?

👍 leeuw, scandinavianlife, najarramsada

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@scandinavianlife · Dec 10 '17

$1.28

Yup. But eventually everyone will realize what great tech it is. And the volatility is there because the market is illiquid. People fail to realize that Bitcoin is not Boing, Pepis, Netflix or Bill Gates. It's a currency, and as a currency with a hardcap of 21 million it is absurdly undervalued.

👍 scandinavianlife, leeuw

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@reinikaerrant · Dec 13 '17

$0.67

indeed!

👍 leeuw

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@trumpman · Dec 10 '17

$0.09

Two days ago I got approximately 150 steem for 20 sbd. I just love the sbd pump :D

👍 scandinavianlife

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@dandesign86 · Dec 10 '17

$0.25

"Personally I think it was a test, to see how fast and hard Bitcoin can be pumped." I think you might be right because some of the orders placed for buying Bitcoin were enermous. Definitely feels like institutions playing the market. Maybe  the times of more serious manipulation have started

👍 scandinavianlife

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@scandinavianlife · Dec 10 '17

$0.79

Yeah. Ironic isn't it? "Ohh..wee need stability and regulations" bla bla..and the first thing the established meh does is something called futures manipulations, which is perfectly all right for regulators - even though the first thought in everyone's head is " Oh no...futures trading approved by the government. That means manipulation and fraud" 

Oh, the irony.

👍 scandinavianlife, dandesign86

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@dandesign86 · Dec 10 '17

$0.15

Ironic I agree .. we just have to accept that the establishment are a bunch of frauds that will say one thing and do the other . J.P. Morgan case in point

👍 scandinavianlife

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@soulmates · Dec 10 '17

pump-coin

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@steemitfriend · Dec 10 '17

$0.19

Very accurate and useful information!

👍 steemitfriend, scandinavianlife

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@booster · Dec 10 '17

<p>This post has received a 10.10 % upvote from @booster thanks to: @scandinavianlife.</p>

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@sayee · Dec 10 '17

$0.16

Thanks for the analysis. I hope sbd keeps steady, though

👍 sayee, scandinavianlife

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@screenname · Dec 10 '17

Re: "Everything" is falling, except Steem Dollar, and today the futures market on Bitcoin opens

<p>This post has been ranked within the top 50 most undervalued posts in the first half of Dec 10. We estimate that this post is undervalued by $51.37 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-dec-10---part-i">The Daily Tribune: Dec 10 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>

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@buildawhale · Dec 14 '17

<p>This post has received a 5.67 % upvote from @buildawhale thanks to: @scandinavianlife.
Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.</p>

<p>To support our daily curation initiative, please vote on my owner, @themarkymark, as a <a href="https://steemit.com/witness-category/@themarkymark/witness-themarkymark">Steem Witness</a></p>

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