Here's an example:
Main steemit account transferring 1.5m steem to steemit2
steemit2 receives and transfers 694000 steem to alpha
alpha then transfers 400000 to blocktrades
blocktrades is used to trade into other currencies
then theres this post:
https://bitcointalk.org/index.php?topic=1558366.0
So? What is your problem with this?
Well that they are telling people to power up their accounts and invest more whist they are pulling out millions
Hope this isn't true... Any possibility they are just shifting the money around?
Blocktrades change STEEM into other crypto's so certainly looks like it to me
They have to cover their costs... I imagine this website costs at least 400 steem per day to operate.
If the owners are holding much STEEM, it's a bad thing.
If the owners are selling much STEEM, it's a bad thing.
This is good long term.