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RE: Why The Price Of Steem Doubled In One Day

in #steemit8 years ago

I believe it's closer to its true value but for the life of me can't understand the sudden price spike. There must be a lot if buyers coming from somewhere suddenly to make the price climb so quickly. But where are they coming from?

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China!of course china!

What about China?

haha,it's chinese power

If that was true there would be a spike in sign ups and there is no spike. The money is coming from buyers not new users. Very suspect.