RE: The Answer to the Steem Price Mystery could be exchanges with wallets in Maintenance mode
Hi @minerthreat
Welcome back after quite a long break. Hope you've been doing well?
Many changes took place on Steemit in past weeks. I'm sure you've noticed :)
These changes, I believe, will enable STEEM to provide significant improvements throughout the Steem ecosystem. Thus, now seems to be the perfect time to buy.
I strongly believe that changes are usually bringing wave of fear and create selling pressure. At least in short term. Long-term obviously you're right but I believe we're far from the bottom.
To many users (bots, bot owners etc) will have a reason to quit steem blockchain.
I wonder if lack of deposits/withdrawals on exchanges (like mentioned binance) isn't the reason why price is currently so stable. I would expect price to drop. So we've 2 different expectations :)
Good read,
Yours
Piotr
You have some good points, we will have to see where the price goes when deposits / withdraws resume. We had a bit of a rally going on Binance, but now I see people dumping and buying back lower and lower increasing the amount of Steem accumlated with each cycle.
I helped drive the price up, selling off significant other holdings, now I'm HODLing as the price has dropped back below when the rally started.
But, like you said. If the bots and such dump when the deposits resume, that will be a good thing eventually.
Dear @minerthreat
Thank you for your prompt and kind reply.
I've noticed that you had long break from Steemit?
Would you mind sharing with me what's your impression so far after latest forks? One week after hf21 and hf21 has been introduced?
ps.
Check out my latest publication..
It brought some real emotions. I've been downvoted by over half million SP (attack of few accounts), however I also received solid support and few strong upvotes and now I will be enjoying the biggest genuine payout in my lifetime ;)
Yours
Piotr