Steem added to the Bithumb Exchange! Now on 4 of the 6 largest Cryptocurrency Exchanges!

in steem •  7 months ago

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

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People should stop using centralized exchanges unless they do sovereign cash conversions.

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You got a 18.35% upvote from @luckyvotes courtesy of @stimialiti!

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You got a 18.18% upvote from @sleeplesswhale courtesy of @stimialiti!

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@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

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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.

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wen moon tho???!!11

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Good question. I am gonna say June/July. Then again in November/December.

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haha hope so

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I sort of agree with you because if I want a coin I'll just open an account on the exchange it's traded on. I guess this is why I have accounts on like 20 exchanges. I love mining shit coins and immediately selling them for BTC and most of those coins are only on C and D level exchanges. But I wonder if this is how most people operation. If it is, then new exchange listings won't mean much, but if most people stick to a few exchanges this could open Steem up to much more volumel

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well only steem on binance, no sbd

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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

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everybody forgets sbd.

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what do you think this is going to do to the price of steemit in 5 years?

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steemit is a website...

steem is the blockchain and the currency.

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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

70979D27-5B75-45E8-A3B9-31D9FB857FE7.gif

Go Steem! I love coins that have additional revenue options in addition to just speculation. Steem is the most interesting, but staking and masternode coins a nifty as well. I wonder how much the new exchange listings will affect total volume. I also wonder how much Steem will be traded verses Steem bought and sent to accounts to power up.

After 5 years, 1 Steem will worth 40 USD?! :)

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Not sure about that, but I like your math!

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Lol. It's 5 years from now, It's very possible.

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how do you calculate? or it is just your predictions?

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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.

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That is true, though on the whole I would say in this case a new exchange is a net positive for steem.

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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?

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That's the hope!

However, reality will be revealed over time :)

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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

This is great news! Wish they would add SBD too!

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Me too. I thoroughly enjoyed those double digit prices of SBDs!

all-deals-emoji-yummy-face-cushion-pillow-1_1024x1024.jpg
Wow . Great news . Resteemed it . Thanks

Congratulations to all steemians 4 out of 6 exchange show trust on steem. It reveals the success of steem. Let's hope for steem success. Thanks for sharing @jrcornell

This means a celebration for sure :D

This new addition of Steem to another top 6 exchange plus the expected improvements on the 2nd half of the year (HF20 already planned for early Q3), will make Steem easier to trade for more people and more visible for investors of the crypto world.

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My thoughts as well. Could be a good second half of 2018 for steem.

Steem is definitely better than Zilliqa IMHO, Zilliqa also benefiting from addition to Binance and Kucoin we think...

https://steemit.com/cryptocurrency/@harpooninvestor/zilliqa-zil-the-new-and-improved-ethereum-of-singapore-yawn

this is very good, keep tell us all about steem.

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Hopefully Bitfinex and OKEx will follow suit shortly.

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ok, we will wait for him.

Thia is great as the Huobi listing added volume immediately and price action was great! Great to see this. Hopefully SBD could also get some listings.

well I guess with the drop that btc is having now then being roughly stable could really be called a rally... (to the moon by standing still)
they all seem to avoid listing SBD though. But it is a start and this also is having the effect that sbd seems to be going back to the 1 dollar value
I hope they will peg it back then. It would be good for the future of the blockchain to get a stablecoin back.

on a side note, I see that you are only voting for 5 witnesses among them @bitcoiner who has been offline for over a 5 months...
would you be willing to support a new project? we are @swisswitness and are trying to decentralise steem a bit more by running our servers here, safe and secure in the swiss mountains.

if you have any questions do not hesitate, otherwise you (or anyone else reading this that has a spare witness vote) can use this easy steemconnect link: https://steemconnect.com/sign/account-witness-vote?witness=swisswitness&approve=1

thank you in advance for considering

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I'll take a look. Though I just checked, and your 5 number is a little off. :)

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indeed, the 1 dropped of the screen, i found it here on the table :-)

Screen Shot 2018-05-24 at 21.13.27.png

Great news for Steem but also for me.
2 of my largest holdings will be added to Bithumb. Can decrease the pain of looking at the markers a little bit.

All we need is coinbase now

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That one might be a while...

That's amazing. Such great news, good bless you mate. Steem added to the bit thumb exchange. Only 2 to go. Will this help in increasing the value of steem and SBD ?

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It can't hurt that is for sure. Though SBD was not included, just steem.

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Yeah, yeah only steem

Good news all along , Steem has a great future ahead ;)

Sweet! Thanks for the update.

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I am getting a warm fuzzy feeling that Bitfinex is next... :)

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I'm getting a warm fuzzy feeling that Steem will hit $4 then

After 2.5 years(5/25/2021) , 1 Steem will worth 35 USD?! I hope,
Allah will help us!!!!!!!!!!!

Plz no bitfinex thanks.

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Why is that? It has been in the top 3 in terms of volume for some time now. The addition of steem can only help.

Steem has been doing 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.

That's why i love Steem more than any other cryptocurrency right now sir. It is really a positive mark for steem and Steemians that it is now listed among the biggest exchanges in the world. Thank you you sharing great news.

awesome news man, steem is getting better and making its mark in world...

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As it climbs the market cap list, it will get more and more investment.

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does it affect steem price? Will it show any hike in steem?

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I would assume it would help the price, yes.

This is great news , resteemed. Now just 2 left to go :)

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I'm not sure what this means, but it looks like happiness. lol

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Wow, I don't know if I've ever had a picture put a song in my head quicker than this did just now... (piano) dun dun dundun dun dun duuuun dunnnnnn...

Great news. steem just gets better and better.

That rocks! More exchanges means more visibility to new audiences and more ability for trades to occur. I like it!

Steem will be on every exchange in near future nondoubt it's future is awesome but some people are not understanding this fact.

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Being added to Bitfinex would be very big for steem...

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Yes no doubt

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always believe in Steem blockchain

It’s great that we no longer need to rely on poloniex! What a joke. I’ve still got open support tickets from the beginning of the year regarding lost SBD!!

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They were acquired by Circle and I believe an overhaul has been taking place. I think Polo will be much better in terms of customer support going forward. Perhaps try opening another ticket at this point, even though it says not to?

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I just checked and there is nothing there. I also hate the fact that you can’t raise a ticket on the platform, you need to use the separate process. The long and short of it is that they have lost my money.
They may have been bought out but the staff will remain the same and I simply don’t trust them. I’ll be going elsewhere.

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Every time I have had an issue with coinbase, bittrex, poloniex, or any of the other exchanges I have used, I eventually got my coins/funds back. One it took almost a year but I eventually got em back . My advice would be to stay persistent. Most have/had massive backlogs of orders that they work through little by little.

Steem is the future of cryptocurrency because it is related to social media and communications. The best thing that continues to live in future and it is communications and content making.

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Great. Nice post. I also like HitBtc, but they only have it in exchange for bitcoin and not in ether and dollar. https://hitbtc.com/STEEM-to-BTC

Steem added to the Bithumb Exchange! Now on 4 of the 6 largest Cryptocurrency Exchanges! has been resteemed by @resteemmuse

YES, another one who recognize steem...

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4 of the top 6 exchanges now... awesome

Awesome post! for all those crypto and tech enthusiast: I made this image with the 3D Steem logo so you can use it in your cryptocurrency posts! here's the link to my post
images are clean and completely free! just make sure to upvote! have a nice one!

STEEM SBD.jpg

I do not understand why these exchanges are dragging their feet when it comes to Steem...