Does SBD over $10 Confirm Bull Run?

[xyzashu]

SBD price has grown phenomenally today. With over 120% growth in past 24 hours, it reached a high of $10.69 according to CoinGecko. Possibly it touched even higher on Upbit though it's still at $9.53 on Bittrex.

It's for the first time I've seen SBD over $10 after the 2017 bull run. I can distinctly recall how SBD prices of over $14 in 2017 was a precursor for bull run in STEEM price then.

_{SBD price graph at the time of writing from Coingecko}

At this moment, STEEM prices are below half a dollar, hovering around $0.43. If history repeats itself, we should see a drastic upward momentum in STEEM prices soon.

In 2017 bull run, we saw STEEM prices following SBD and it reached an all time high of over $8 just a couple of weeks after SBD touched its ATH.

So how much high STEEM can go in next 2-3 weeks would be interesting to watch.

I hope if that happens, it will also have some effect on HIVE prices and HIVE should be ready to make a new ATH soon.

Are you ready?

Comments

[chetanpadliya]

Yes, I am ready!

[minimining]

But why? We invest in sbd that is suppose to be1 usd.
I cant get it

[xyzashu]

That's a good question! What if you try to answer why others are investing in it?
Well, I think, I should try to explain it in one of my posts this week.

[minimining]

Thanks. !BEER
I can unferstand why People invest in steem But not SBD.

[beerlover]

^{View or trade BEER.}

Hey @xyzashu, here is a little bit of BEER from @minimining for you. Enjoy it!

Learn how to earn FREE BEER each day by staking your BEER.

[chesatochi]

I am happy that I still present on Steem. :)

[xyzashu]

Good for you! You must have made a fortune if you had tons of SBD there.😀

[coffeelovers]

Hi
Would you recommend diluting some steem during this bull run ? Or do you think holding makes more sense

[xyzashu]

Diluting to what? Fiat?
And if it's fiat, it's good if you wish to spend it but if you're looking to invest in fiat, I feel STEEM is certainly better than most fiat currencies.

Otherwise too, it all depends on your own evaluation of different assets. Choose the best on which you can rely for long run.

Personally, I'd like to sell my STEEM in this bull run and move it to better coins. There are plenty of them which I feel are far better than holding STEEM. But to each his own!