Something Funny Is Going On In SBD
There seems to be a high-volume pump going on in SBD.
Almost all of the trading volume seems to be in Upbit and in the SBD/KWR trading pair at that.
Funny things have happened in Korea regarding SBD in Korea in the past.
SBD's all-time high is $14.18 from Dec 19, 2017. The uptick of SBD began in late November 2017 almost exactly three years ago resulting in a mad spike.
SBD peakd on Dec 21 2017 and the price of STEEM peaked on Jan 3 2018. Other than the two-week delay in the price action of STEEM, the two remained above 1 USD until the summer of 2018.
The question is what the hell caused the speculation in SBD back in November 2017. At that time, the price of STEEM was about 83 cents. It had not seen a surge of any kind except for the one that took place in 2016 but that was clearly due to abnormally low liquidity.
To me, it's a total mystery as to what started the November 2017 spike of SBD.
Likewise, it's a total mystery as to what is causing the SBD pump now.
Has North Korea managed to contaminate the water supply in South Korea with something interesting? :)
This I can understand somehow.
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@markkujantunen, In my opinion SBD is having more interesting Journey than Steem.
Cryptocurrency Space is full of interesting stories.
Have a joyful time ahead and stay blessed.
Thanks!
Welcome.
Wow. Those last two charts really provide a cautionary tale for folks. It is easy to get caught up in the excitement and feel you need to rush in and buy when you see something MOONing like that. But who ever bought at $17 ended up losing nearly all of their money. Follow the age old advice "Buy low, sell high". I'm expecting a pull back on Bitcoin before too long and a lot of today's buy and hold types will have to wait a while to see profits.
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There is no fundamental reason for something like SBD to ever moon like that.
Well we could see it skyrocket real high, I don't doubt the Koreans are doing some tinkering.
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I wonder if they have been doing drinkering instead. :)
Hahaha I wish I had some SBD to throw around.
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I will not be surprised if steem follow the same pattern soon
Some that money could flow into STEEM no doubt.
Yes, I remember those days so well, watching the value go up and wondering what in the world was all behind it.
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I remember those days, too. It was so absurd to see SBD spike like that particularly because it spiked before STEEM. It going up somewhat immediately after a spike in STEEM wouldn't have surprised me because some people would've used it as a way to take profit after a STEEM bull run. But before ... a total mystery. Manipulation perhaps? But by whom and why?
Whatever happened in November 2017 might occur again now. I also noticed that STEEM is doing quite well also.
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It's not the same phase of the cycle, but you never know.
Yes, we still have a few more months till extreme FOMO kicks in.
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I think we're at least six months from extreme FOMO kicking in. October 4 marks the date when Bitcoin should peak if the cycle were 100% symmetrical.
even if it hits $10 at this point i will still be indifferent. Nothing about that project inspires confidence.
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