STEEM Price Chart Wants To Be A Vertical Line Again :D

in steem •  4 months ago
As it was already reported by @dragosroua here - we have a STEEM price pump happening now.

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So far only on one exchange - Binance - which has it's STEEM wallet disabled. Yet, someone is buying a lot of STEEM and we can already see movements on other exchanges.
You can check it out here: https://www.livecoinwatch.com/price/Steem-STEEM
Wondering what does it mean - is it only a typical pump&dump scenario or someone really sees future for STEEM?
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Binance out of all exchanges?
Is this their first?
Is this their first for STEEM?
Any guesses why?

Wondering what does it mean - is it only a typical pump&dump scenario or someone really sees future for STEEM?

It is a pump&dump orchestrated by the architects of HF20 and their patrons.
Force people to vest STEEM so the perpetrators will get an even bigger monopoly on STEEM sales.

The future for STEEM is a falling channel, with a few spikes that may breach the channel once in a year.
This pump will be short lived and once it ends, the falling channel will begin.

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It's not real steem on binance. Withdraws and deposits haven't worked for a while now. It might turn into Poloniex with stupid 'steem' pumps even though you can't withdraw the steem so it's a pump of nothing.

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It's not real steem on binance.

Think about it.
For it to be "real", the transactions need to be performed out of the transactors' STEEM wallets.
One way to achieve it is if funds were sent to Binance only at the moments when the transactors/customers/users wanted to exchange/swap/trade.
In how many exchanges is anything real according to this criterion?

Withdraws and deposits haven't worked for a while now. It might turn into Poloniex with stupid 'steem' pumps even though you can't withdraw the steem so it's a pump of nothing.

Good to know.
I remember that I read about a wallet freeze in Binance.
I assumed that it is due to HF20 and brief.
Why do they do it?

And if the pump is for nothing, how and why does it happen?
Or is it still possible to trade STEEM during a wallet freeze?
In such a case it is less catastrophic, since traders can still benefit from the pump by trading their STEEM for another currency that is more stable, or has a supposed bound on his final quantity.

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Why do they do it?

Node failure I think. It happened with binance long before HF20 though

See:

https://steemit.com/steem/@penguinpablo/weekly-report-how-much-steem-is-stored-on-the-exchanges-october-11-2018

And if the pump is for nothing, how and why does it happen?

I think the availability of it on the exchange is low which leads to high prices. I don't know for sure though.

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Looks like trending above line 0.900
Screenshot_2018-10-07-06-49-46.png

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