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RE: Steem Is Doing Some Crazy Stuff
Or, is someone trying their best to drive the price down? With each spike, there's been a dip, too. So, which is the real impetus of this ricocheting behavior—the bull or the bear? :)
Hard to tell. I haven't been involved enough to know which direction someone might be trying to push things. I see Steem is even higher today while SBD has dropped a bit. I wonder if this means a ddecoupling of them.
It apparently does mean that: for the moment.
We've been here before though. The difference is a little wider than normal, so maybe that means something.
Probably too early to tell.
Just read the steemitblog announcement about STEEM being on Huobi. That has apparently caused things to move a bit, since Huobi is a major exchange in China.