I agree that the way things are set up and the current situation are both very positive for STEEM and Steemit, and that people might be marveling at the price sooner than later. I'm very bullish on Steemit. And a little more SBD in my account would be nice too. We might get lucky with a quick pullback spike lower. Who knows. Today we spiked higher again on over $27,000,000 worth of trading volume the last 24 hours. The last time we got a huge spike higher on similarly high volume we saw a 76% retrace afterwards. It could happen again.
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@cryptographic I agree with you. The only thing that keeps me thinking about a different situation of retrace is that in this case several things are going on, between those:
1- After Tether situation of unsafety people found the SBD very powerful
2- A Korean exchange connected with a chat platform (probably the biggest I heard) in Korea added the possibility to buy steem directly with fiat currency, and very easy with the chat paltform.
3- There are so many developments going on for Steem, and it was totally undervalued
4- Yesterday it was crazy in blocktivity.com how STEEM had 165,000 more transactions done in comparison with ETH, and even with that STEEM was 99.7% free for more transactions, and ETH with much less transactions, was at full capacity with thousands of undone transfers. Same for BTC. So the migration will come sooner or later. Still some way to come. When wallstreet explodes the BTC market and transactions will be so high in cost and stucked, this will be the end of story for them, and the beginning of wealth for bitshares, steem, eos. I believe this.
Regards, @gold84