Steem quite cheap on the internal market ! ~ 13 cents ATM (-25%)
This information will depreciate itself really fast !
But for the presence this is an opportunity to make some good trades,
or converting some SBD to Steem on the internal steemit market !
atm ~ 25% price loss for steem price
https://steemit.com/market
stable prices on poloniex
https://poloniex.com/exchange#btc_steem
But of course you have to recognize:
only low volumes are possible and maybe steem price is just simply falling !
This is no Advice !
Just posted about this too, looks like there were even some trades down in the 7.5c range STM/SBD.
https://steemit.com/steemit/@alexpmorris/looks-like-we-got-ourselves-a-bit-of-a-steem-sbd-flash-crash-today
wow.massive dip now.
of course the volume on the internal exchange is very low, so this can happen very fast.
but i am wondering why somebody would sell so much at a time on this market.
not the smartest thing to do.
maybe someone just wanted to sell all of the earned Steem for SBD at once...?!
we'll see how this goes.
too bad that i closed my orders today from 16 cents down to 13 cents
and bought back in all at 16 and powered up. cause i got bored from trading
but not bad at all, cause i made my profits and would have never expected this !
yeah, there's that thrust wave 2 down, got a bid in just below 0.07 where it traded but the sells stopped right after I got my order in and now it's trading back around 0.10 again :(
the liquidity of this market is a real issue.
the orders are jumping like crazy sometimes
but this one is massive.
perhaps things like this happen because most users on this market are more bloggers rather than traders.
7 cents is like a gift at this time.
But even 10 cents is a good price for selling on other exchange
forget 0.10, it already hit nearly 0.125 before pulling back a bit again. I literally missed catching it down there by seconds, I am not pleased! lol but yeah, it's definitely catching people off guard liquidity wise. once it breaks levels and people panic it's sometimes 5c or more of just thin air
this is crazy.
maybe it would be recommendable to also add a converting function from Steem to SBD for Steemits wallet to protect some of the users.
So that they don't have to use the market.
it seems unlikely that someone's watching their wallet in those moments and thinking omg I gotta dump my steem this second at market! I think it's more likely some market bots that haven't been properly programmed to deal with high volatility / low liquidity environments, which basically boils down to risk management and knowing when to pull away completely and wait til things settle down a bit.
yes. probably you are right.
Indeed It is very likely for this market to be driven by bots.
i wasn't thinking about this, as i dont use a bot.
very revealing theory.
you really would have to adjust your set up, for these kind of environment.