STEEM's Odd Behaviour Over the Past Few Days
Has anyone else noticed STEEM pumping from about 25k to around 29k for a minute or two, until crashing back to the 25k range? It's happened, almost clockwork, during the past few days.
Any theories?
Has anyone else noticed STEEM pumping from about 25k to around 29k for a minute or two, until crashing back to the 25k range? It's happened, almost clockwork, during the past few days.
Any theories?
I have seen three days ago there was indeed pumping, but to this day still happened the same thing. this screnshot me 3 days ago:
Yup. Thanks for the screenshot, so I didn't have to. :)
okay my freind... thank welcome
I watch the markets erry second so I have seen this, my only assumption would be people gobbling up when they can without trying to cause a crazy pump that's permanent? For something like STEEM, 25 -> 29 isn't really big enough for normies to go "bull run bull run!!!!!!", but big enough for them to be able to slowly increase pricing while also getting as much as possible at current rates.
Not enough liquidity is my guess.
Hmm. Care to elaborate? I haven't looked into this, to be honest.
Sell orders on exchanges seem low. Investors wanting to buy a lot have to wait for new sell orders to be placed. When they are they swoop them up but return the price back to normal to redo it later probably knowing about Steems daily print rate and that people sell daily. Once there are not enough sells being placed they try at a higher price is my guess.
I think it may have something to do with the glitch that happened a few days ago that caused steemit to shut down for 12 hours
Hm, I doubt it has much to do with the price, honestly.
upvote for me please? https://steemit.com/news/@bible.com/2sysip
Let me think. No.
Ned?
BTW witnesses:
31 jerrybanfield (disabled 2 hrs ago)
Off topic, but cheerful.
It's good news, but too little, too late. Also, hating Jerry is so mainstream, I've moved on to other things.
What is the next hip thing in hating now then?