You can't withdraw it anymore:
https://steemblockexplorer.com/@poloniex
The question is - will they sell all at once or in parts. Either way !giphy we're + fucked :)
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You can't withdraw it anymore:
https://steemblockexplorer.com/@poloniex
The question is - will they sell all at once or in parts. Either way !giphy we're + fucked :)
Selling that big amount in parts would cause quite a big loss to the exchange as it will push the value of Steem a lot lower than selling all of them as one big trade transaction... They would have to sell at market value, because setting minimum price would just make other traders lower their asking price and exchange's sell order would not get filled at all...
In all honesty 3.4 million steem isn't that large. I mean we do more than that on a daily basis on average. It's not great news, but it's also not going to completely crash the price either.
it doesn't really matter what is the total daily trading volume, because rarely it is one big trader selling the whole amount at once... Hiding large sum in trade book will be very hard without using ladder technique.
What does this mean? They disabled the steem wallet? I just transferred some assets out of there yesterday, though steem wasn't one of them.
Yes.
giphy is supported by witness untersatz!