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RE: LiteCoin (LTC): KABOOOM!! SURGES 30% to $114!!!!!
That is very interesting. We are seeing that peg fail right now with SBD, although to the upside. Personally I'm not too worried about this, since I don't own any BTS, and I'm holding my Steem as Steem Power. Whatever happens to the Steem price I don't really care, I'm fully prepared for it to crash even 90%. That's after it goes to $100 though... 😎
Steem actually got WAY more interesting after they stopped "printing" 100% inflation back in December 2016-- that happened right? (what we read anyway)
SBD was most likely just "rigged" by a Korean-based trading pool. It's easily riggable bc it has a small amt of coins which mostly are tied-up in steem accounts-- especially steem accounts which are inactive but still holding steemdollars. SBD could be rigged higher, as attention begets attention, but the safest move is probably to sell SBD in exchange for Steem since many fellow Steemians will be unloading their SBD to these tradesters who really don't even know what they are buying.
We're moreso recommending caution with OpenLedger and it's virtual instruments. If perhaps they get a LOT of volume, that would certainly make it more safe as it would provide liquidity, but a mass-exit-event out of crypto probably causes a LOT of problems not even good near-term liquidity can solve. That's all we're saying. For short time periods and small amounts of money-- OpenLedger away!
Our newest find with OpenLedger is how unfriendly it is for small amounts bc of how much they charge for withdrawals. It's egregious, no? We noticed something like 10-20% charge for removing say 10 steem from the exchange back to Steem wallet. That's nuts. Now maybe that goes down with more steem deposited-removed, but we think they're being VERY hidden about their fees, in that its so easy to DEPOSIT money into OpenLedger, and so pricey to get OUT.
Same with Coinbase too, right? They make it pricey for the small guy to get OUT, but they don't tell you that going into it.
if you've found differently, please advise!
NEM: (in case you didn't look at your Ripple article where we posted same link)
https://steemit.com/cryptocurrency/@harpooninvestor/bitlicense-new-york-state-s-typical-business-as-usual-crony-capitalism-ripple-xem-nem