Brace Yourselves, STEEM Is Pumping Hard
As expected before such a major platform upgrade, and I'm obviously talking about HardFork 20, STEEM is receiving some love from traders.
During last couple of hours, it gained no less than 2k satoshis, going from a little under 13k satoshis to 15k satoshis (at the moment of writing).
Volume is also relevant: on Bittrex, we're talking about 36 BTC for the first hour, which is more than 15 times more than in the same interval just before the jump.
On Huobi, screenshot below, the first serious jump hour traded $1.3 million for the STEEM-USDT pair, which is a significant number, even for crypto, where numbers can be inflated relatively easy.
While I'm really happy to see STEEM price going high fast, as I said, we're going through a volatile period. So let's keep our fingers crossed that this is not yet another P&D.
Later Edit: after some readers pointed this out to me, I double checked and I can confirm: on Bittrex and Huobi the deposits and withdrawals are suspended, so this move looks a bit suspicious.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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We live in interesting time it seems. And it's just about to get even more interesting...
Will we have a good Christmas or not? Only time will tell........ ;-)
Christmas will be good because we will all be good, for goodness sake :)
STEEM price? Well, I don't know about that, but I have a good feeling...
This may sound strange, but I was in bed this morning, checked the phone, saw that Steem was at 1.4$. I thought to myself, hey, that's nice, and instantly I realized I wasn't holding my phone, I wasn't even awake. So I went to pick up the phone to check the price, still at 1.4$, and I realized again I was dreaming.
It was only 0.9$ when I was actually awake, but at least it goes to show that a small piece of my brain is bored enough to try to predict Steem pumps instead of sleeping.
keep dreaming the good dream ;)
Indeed, it is a good dream.
Hahaha! Next time you have a dream like that please, share with us! Before!
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You are funny man!😂
Hi @dragosrua , I'd like you to partecipate to my trading strategy contest https://steemit.com/cryptocurrency/@luigi-tecnologo/best-trading-bot-strategy-migliore-strategia-trading-automatico-bravotrader-challenge-contest
Hi, it sounds nice, but I'm not quite a trader, I'm merely observing the markets and put out my opinion. Good luck with it, though, sounds like a cool contest!
Thanks
Steem finally touched the dollar mark but bitcoin dump and it all went down
Binance is freezing deposit/withdrawls as well. Looks like Monday Morning this week and last week Steem has pumped. Interested to see if Steem pumps next monday as well.
Why? Deposit and withdrawals suspended doesn’t mean you cannot trade...
FIAT does not enter but people is investing...
Cross fingers
When deposits / withdrawal are frozen, it doesn't just mean that there's no new money entering the game, but, most important, that the only traded money is the one already in exchanges.
Which raises two possibilities:
In both cases, these trades are highly susceptible of being wash trades (the same person buys and sells, using different accounts). Wash trades are easier to carry when there's no transaction fee (and Steem doesn't have fees).
I would love to see this increase maintaining levels one week after HF 20.
You’re right and I agree...will see in few hours
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Yaaayyy!! :D
Ah, so trading suspended, @dragosroua? Figures. I was looking at the volume since last Thursday and it seemed to be steadily rising, and then I saw this three times jump and thought okay, getting serious, and then looked at both those exchanges and said, okay, so it's not just one going wild and the others have come up some, too, so there must be something good going on.
While it's probably not that good, it does seem to be up from the $0.85 that it was bouncing around at before the weekend, so even at the $0.95 levels on the other exchanges, it's still up, right? :)
They are suspended in order to prevent problems during the hard fork implementation... they are smart 😂😂😂
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Like I said, I'd love to see this increase maintained next Monday.
Agreed. Things like this reveal their true nature and intent over time. I like the idea that it doesn't seemed pegged to the rest of the crypto market, either. It will be nice when that lockstep is at least a little more flexible. :)
:( exchanges are not letting us to deposit or withdraw.
What a great way to welcome the HF!!!
I was expecting a bigger correction but after a few hours it seems the spike remains the price is just below $1