Tron: 7,7 Billion burnt
Hello my dear Steemians,
Continuing the topic from yesterday where we were talking about Burning or not Steem and when the small users raised their concerns, we had a look at Tron, because it was only Crypto that despite of general trend of going downward of all the Cryptos it was the only one that remained stable and did not have much affect.
Tron’s own token TRX surged by over 25% over last 30 days and according Justin the token with the value of over 300 Millions were sent to dead wallet!
That made it possible for Tron to remain raked 13, which much more higher than Steem and their value remains with $0,08 relatively stable.
Seeing that why the same is not happening with Steem, why Justin is not doing the same with Steem in order to make the value of Steem raise. The same thing was done on Hive which brought the Price of Hive above $1.00 in the past and even now it is higher that Steem Price.
I know it is difficult to make decision who will send their Steem to @null but if some of you remember after Softfork22888 the acocunts of ex-Steem Witnesses who were attacking and milking Steem were frozen and their Steem while was in transfer landed on bittrex. It looks like it is still on bittrex.
It is something that could be burnt, of course if Steemit Inc has access to it. Because we know that those users who now on Hive they closely observe what is happening on Steem and they will keep an eye of that stack. They were claiming all the time that Justin will own these Millions but if that will be sent to null then nobody will have it.
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Hopefully with the steem burn. We also hope that steem prices return to normal. Even now the Steem given to each post is also not as usual. I don't know why it happened.
What is then normal price, it is fluctuating and trend id going down.
Thank you for the information it is very useful for me
How 'bout giving it 3-6 months with an open mind? Then if it doesn't work out by September or December, you can say, "I told you so." ;-)
I understand what you mean and indeed the time will show if it was right or wrong. The fact is that many users are pulled into this Initiative because of...getting Upvote from SC accounts and that is frustrating it is a new Hype. First people were trying to Power Up now they are burning their steem despite of living in developing countries.
Я напишу немного на родном языке.
Ситуация со Steem сложилась довольно интересная.
С одной стороны работает программа 5050, чтобы уменьшить вывод токена на продажу, а если учесть еще и club100, то виден очевидный плюс - нет продаж, значит растет цена на покупку. Вроде бы логично - чем меньше предложений, тем выше цена спроса.
И вот здесь случился маленький парадокс. Я заметил, что Binance.com не дает выводить токен steem с биржи. А я через неё всегда заводил токены. А почему не дает? И вот получается, что есть спрос, есть предложение на бирже, а смысла нет покупать. Если только ради trade.
Да мы тоже заметили что от Binance.com невозможно занести Steem, поэтому пришлось открыть Polonix.
ok👍
Bittrex sent some steem to steemitinc. I guess they were able to reacquire some of the contested tokens from bittrex.
https://steemscan.com/account/bittrex
That's 8 and 6.4 Million Steem tokens plus more to poloniex and huobi.
Steemit sent some to Binance.
https://steemscan.com/account/steemit
Who knows what is behind of all that movement and who is doing that.
It is still a good thing, if those tokens we to be all sold then sell pressure will diminish and steem token price will creep up.