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RE: A $13 SBD - The Poisonous Apple For The Steemit Minnows
This is absolutely the right approach! I laugh when I see SBD stackers waiting for another pump party.
This is absolutely the right approach! I laugh when I see SBD stackers waiting for another pump party.
As @mejustandrew says, the thing about markets is that they are unpredictable. Nothing says SBD won't pump again, for no good reason.
And actually, there are very good reasons for manipulating the SBD price. Remember that a few weeks ago @themarkymark wrote a post about how steem was creating new accounts for spambots ... and nobody else. At the time I was wondering why they were doing that ... I had recommended my 81 years old dad to get a free steem account and he never got one and gave up, yet at the same time steem was delegating like mad to fake accounts ... Now a few days ago the reasons for that became a bit clearer as the official anouncement went out that the network reached 1 000 000 accounts. That made me smirk ... We all know that there are maybe 200 000 accounts for real people, not all of them active anymore, and the other 800 000 are multiple accounts and spambots. But the press fell for it.
What would be the next step to attract more people after HF20 for insance ? Why, an SBD pump, of course! So that people posting pictures of their cats (at best) would see their post make 10 SBD = 150 USD and talk to their friends about how great steem is.
I agree with @dragosroua, Steem is a great platform. Even without these shenanigans but Ned and the rest of the people from Steemit Inc prefer to use these cheap tricks ...