Steem added to the Bithumb Exchange! Now on 4 of the 6 largest Cryptocurrency Exchanges!
The news just keeps getting better for little ol' Steem!
On the official Bithumb Twitter last night, it was revealed that Steem would be added to it's exchange:
(Source: https://twitter.com/BithumbOfficial/status/999532180932997120)
The addition can also be seen on their website as well.
It also looks like they are offering some form of rebate/cash-back for customers who deposit or trade steem over there:
(Source: https://www.bithumb.com/)
This would explain the relative out-performance for steem as of late.
Steem has been going down with the rest of the crypto markets, but not nearly as much.
In fact the last two days, steem is barely down at all, while most of the rest of the space is down 10%+.
That out-performance has helped steem climb up the marketcap ranks into it's current position of number 28.
(Source: https://coinmarketcap.com/)
It has been stuck around 31-32 for months now.
This is very good news for steem.
Bithumb is the 6th largest exchange currently by trading volume and has been in the top 5 many times over the past several months.
(Source: https://coinmarketcap.com/exchanges/volume/24-hour/)
This addition, along with Huobi last month, and Binance as well as UPbit several months back, has been instrumental in getting the steem coin distributed far and wide and helping with price discovery.
Now all we need is steem added to Bitfinex and OKEx and it will be on every one of the top 6 cryptocurrency exchanges!
These exchange additions gives me more confidence than ever before that the steem coin is not going anywhere, it's gonna be around for a long time.
Stay informed my friends.
Follow me: @jrcornel
People should stop using centralized exchanges unless they do sovereign cash conversions.
You got a 18.35% upvote from @luckyvotes courtesy of @stimialiti!
You got a 18.18% upvote from @sleeplesswhale courtesy of @stimialiti!
@youtake pulls you up ! This vote was sent to you by @stimialiti!
STEEM ON!
meh, it's on binance already. but still bullish i suppose
Lol any time steem gets added to any exchange it's bullish. Added to an exchange in the top 10 in terms of volume is very bullish.
wen moon tho???!!11
Good question. I am gonna say June/July. Then again in November/December.
haha hope so
well only steem on binance, no sbd
I was thinking about that too lol. But I think it is probably to gain relative controll on steem and not having the wallet stay on maintenance like hitBTC have. But its just a simple thought
everybody forgets sbd.
what do you think this is going to do to the price of steemit in 5 years?
steemit is a website...
steem is the blockchain and the currency.
It's doing better and gonna do better still. Relax and enjoy the positive ride sir.
For sure good news. Visibility, trading, chances to buy, more benefits
For sure good news. Visibility, trading, chances to buy, more benefits
After 5 years, 1 Steem will worth 40 USD?! :)
Not sure about that, but I like your math!
Lol. It's 5 years from now, It's very possible.
how do you calculate? or it is just your predictions?
Steem is growing. The market cap last January has reached already 2 billion USD, so 1 Steem was worth 8 USD.
If Steem keep growing, the chance is big, during the next bull run Steem market cap will reach the 10 billion USD, that means 1 Steem will worth about +/-40 USD. That could be even within 2 years, but let say after 5 years, if we don't want to be too optimistic! :)
When i join steemit, only a few exchanges supports Steem. Now, almost all big exchanges already listed steem. way to go. cheers
Don't forget...a new exchange means there can be more SELL opportunities - not just BUY.
Not to be a downer, but it seems that the sell aspect of exchanges is often overlooked and many coins respond negatively (or neutrally) to added exchanges as a result.
That is true, though on the whole I would say in this case a new exchange is a net positive for steem.
true, but it also means that there is more traffic in transactions. Human errors, miss calculations etc. So in the long term, it will be more positive then negative for holders like us :P agree?
That's the hope!
However, reality will be revealed over time :)
UPDATE: As of this post, STEEM was at $2.99.
Today, STEEM is $2.31 (-20%)
Clearly, the market has been bearish over the last week, so STEEM isn't the only loser. And of course, long term could hold more bullish activity, but clearly the added exchange has not benefitted STEEM in the short-term...
@jrcornel @shawnvanderveer
Good news all along , Steem has a great future ahead ;)