Steemit turns new user signups on and price jumps 15% in 10 minutes!
I was sitting in Polo when the news came, charts are looking like someone turned the price into over drive.
https://steemit.com/steemit/@steemitblog/steemit-re-opens-new-user-registration
Thank you steem team! This is awesome, we're back to $3.70 at the time of this posting, like I've said for the past few days...
https://steemit.com/money/@williambanks/hold-onto-your-hats-next-few-days-are-wild
https://steemit.com/news/@williambanks/bear-trap-incoming-don-t-fall-for-it
The price of steem is skyward the minute we have sign ups on and falls like a rock when we turn them off.
Users are the steem in our engine!
Everyone aboard the steem powered rocket!
STEEM is very volatile at this time. Every small incident triggers huge movement. When the first hack happened, people dumped it like crazy. The day it went on Poloniex, it nearly doubled. When the user registrations stopped, it fell of the cliff. User registrations started - soaring back up again.
People are panicking - this is the perfect opportunity for traders. Just watch out for something slightly negative happens -it's the best time to stock up!
True but mostly I was gloating about predicting the price swings, even if I was wrong about the timing, the amount etc. :D
Will do!