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RE: BlockTrades re-opens support for selling Steem (e.g. Steem→Hive)

in #blocktrades4 years ago

Who is buying the STEEM and selling the HIVE? With the vast majority of users dumping STEEM for HIVE, I'm curious what is supporting the STEEM price? IMO any time you can exchange < 1 STEEM for > 1 HIVE, that's an incredible deal and escape from the Tron takeover.

Is Justin Sun deploying huge amounts of capital to prevent a STEEM price collapse? Are trading bots buying STEEM without any awareness of the Hive migration? Are there any whales that actually think STEEM is a good investment right now? Anyone have any ideas?

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It's a good question, but it's nice that someone is :-)

Maybe the guy that downvoted your comment is one of the buyers (although I thought Steem-supporters don't like downvotes).

dein-problem literally means your problem, and is harassing lots of people. I would not worry about him.

I wasn't worried about him, more laughing about him, honestly speaking.

haha looks like @dein-problem also downvotes you, although the downvote doesn't hurt too bad. @dein-problem's profile links to https://downvotecontrol.com/. Not sure what that is. @dein-problem care to explain?

My guess is that people are anticipating HIVE to dump in value again pending some dick move Justin can and probably will attempt.

yeah I think we got to prepare for both possibilities: lower Hive prices and higher Hive prices. At any point however, Sun may run out of resources or declare defeat. Have some lowball Hive orders on the books with a portion of your Steem, swap the rest at any reasonable exchange rate.