I am powering up the pal rewards I get and am considering taking advantage of the drop in steem price with the Hf to convert sbd at a better ratio and buying additional pal.
It is fun and I like diversifying.
Posted using Partiko iOS
I am powering up the pal rewards I get and am considering taking advantage of the drop in steem price with the Hf to convert sbd at a better ratio and buying additional pal.
It is fun and I like diversifying.
Posted using Partiko iOS
Hi @zekepickleman
Do you think that current drop in price of STEEM is related to HF21?
Yours
Piotr
I believe everyone is just waiting for HF21.
I have noticed that it’s quieter on Steem at the moment, posting and comments on my feed are down.
During the last HF the blockchain shut down, and for about two weeks it was dead.
I don’t see this BTC rally continuing without a correction soon.
I need to tell myself to be patient, I plan on picking up some Steem when it corrects.
The one variable is if we HF and Bittrex exchange wallets go off line.
I’m not sure if blocktrades wallet was still working during HF20?
I was thinking that it might be functioning a different.....
What is your opinion?
I would say so. Many folks (me included) are just sitting on liquid STEEM/SBD because we are passengers in this fork. Just waiting to see what happens.
There is also the Bitcoin FOMO. People are probably cancelling their alt coin limit orders so they can play the bitcoin trading game. When it moons and the ratios to alt coins widen, limit orders will be filled to buy alts but it is happening a little less.
Plus, STEEM is not so much of a traders game as it is a community where people actually use it as a currency. Lots of STEEM staying on the blockchain with steem-engine purchases, payment for upvotes, games and other dapps which makes for great utilization and not so great market movement.
Being a stable coin right now is not so bad as it will just build up power with the consolidation. Plus WHEN Bitcoin corrects down, if a full community pumps their inflated Bitcoin into STEEM as it is more stable AND is stakable AND powers their SP here, STEEM will have its day soon.