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RE: What the Hell is Going On with the Price of SBD?
Hmm I had no idea it had spiked that high. I don't check the price of SBD more then a couple times a week.
Have you thought about setting sell orders at high prices to pick up some of these spikes? it wouldn't always work and you would have to keep some locked up in sell orders. I've been considering it myself rather then just selling at the market rate.
The spikes never influenced the value of the SBD we have on Steemit because it only happened on HitBTC and was excluded from the averaging algorithm. It gave me a scare, but none of us actually missed out on anything.
That's good to know. Have you traded at all on HitBTC? If so is it easy to open an account?
I made an account, but couldn't buy or sell. There was an error message saying it was temporarily disabled last time I looked. (A few minutes ago)
Thanks for the info. Unfortunately I have found it all too common that when one of these crazy price discrepancies occurs that there is some stupid road block to capitalising like being unable to deposit, withdraw or open an account. Stuff like that.
I am pretty sure the exchange operators create "technical difficulties" that are used as an excuse or cover for price manipulation that they directly or indirectly profit from.
That's my guess too.