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RE: HitBTC traders take another bite at Steem Back Dollars as Bitcoin plunge under 7000 USD
Have no idea but there is some shady people on here . We have over a million accounts but there are people here with hundreds of accounts if not thousands . There are some people that have so much voting power that they could vote for good content to stir things up . Yet they never vote for anyone . Letting the bad apples drain the whole rewards pool. I think for any coin to really moon it has to be very very well distributed .
Hit the nail on its head, the concept is beautiful but the distribution is problematic, i think they got off on the wrong foot and they been catching up, the large premine and token economics would continue to hurt the project going farward...The bears are vicious when Steem has a high BTC value and during drought the selling pressure is always there as folks cash out, December to February was unpleasant with some folks behavior as SBD was high... worst I have seen, folks were even upvoting comments and even today the experiments continue, that the reason I am powering down, I don't see it changing and a lot of the witnesses are just bullshitting blaming Steem low price on high SBD, once I see that kind of economics being promoted, I know this place is in trouble... We have flag out most of the traders and lost the volumes from upbit and most folks are waiting for SMT pump to cash out, some of the proposal by witnesses and initiatives I don't know how folks bullshit alarm isn't going off.... But I want this to survive the odds but those with the power here aint thinking like some foolishly think they can compete with EOS, for God sake, that a project with a 4 billion war chest and 5 times the developers on board, rather than being strategic they making an issue out of nothing, its better to shoulder and ride the EOS wave and probably get some inputs for SMT to get things off the ground... that's just my take
Yeap only time will tell . They changed things so many times in the hardforks . That they force people to self vote to keep up with supply . If they had there shit together and people where joining and we were seeing progress then we would all be voting for others to keep the community moving up. The way it is now I feel it’s the same people opening accounts . I have had a few people open accounts and never get approved . I think maybe it’s a blessing in disguise for them.
Hi Dad! Seems to me that the whole crypto market is down this is not just a steem thing right now!
Yeap you are right with that . Just that the Steem to BTC ratio dropped a lot . We will see what happens . Just keep on Steeming !