Is SBD Awake Again?
What is the deal with HitBtc? Why are they trying to inflate the SBD Price?
Looks pretty good, right? Until you dig a little dipper. HitBtc has SBD List 10 times higher than any other exchange.
So why is this? I have know Idea, was Kinda hoping that someone with much more crypto knowledge then me could explain it.
@blocktrades shows the true price of SBD, which is currently pegged at 1.25 sbd to 1 steem.
So anyone got any idea about HitBtc? Would love to know why they are over pricing SBD.
KEEP STACKING MY FRIENDS!!
Not only SBD infact all cryptocurrency market will wake again
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Hitbtc start to look like one big fraud
I'm guessing that it's a person or small group of people who are selling SBD back and forth at inflated prices to try and increase the price overall. Then they would be able to sell the SBD they have on-hand at a higher price.
Most of the time, sites such as coinmarketcap will remove outliers so they won't affect the average. It doesn't appear they're doing that in the case of SBD/ETH.
Just my guess. I'm not an expert.
Okay, so I have been discussing this with some people and although I have no proof of but there is a good possibility that there trade engine is malfunctioning. Combined with the fact that there SBD wallet is disabled, it can actually be the case
My guess is always the same... there is manipulation happening there!
Let's hope crypto specially SBD will wake again
Man o man, can you send it there and sell it into btc!!!?
I haven't a clue what's going on... I've been feeling very invisible in the SteemSilverGold Community... I've been wondering what will become of all the Cryptos, when the U.S. Crypto-Dollars and Cents are Activated... I have a New Time Management Theory for the Silver Mermaid that appears to be getting very little attention... I hope you find the answer you're searching for...
They are not trying to do any of this. This is a result of complete incompetence. They have either lost the Keys to their STEEM/SBD wallet or they can't figure out how to run their STEEM node. The crazy thing is that they continue to trade against ETH and BTC. The pump is caused by high risk trading on a currency that is stuck on the exchange.
The risks
Witnesses that I have chatted with don't even want anything to do with HitBTC.
I wrote a post on how HitBTC is trading fake currency.
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