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RE: Market maker alittle targets $0.10 to $0.01 SBD per Steem [SpottedOnSteemViz]

in #steemviz • 8 years ago (edited)

Possibly yeah, its really hard to tell whats going to happen next - but knowing theres ~200k SBD being converted this week (My theory: its everyone getting spending money for steemfest) is a bit of a worry given how the market looks already..

I just wish I had more funds to buy the dip :)

8 years ago in #steemviz by
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     8 years ago  

    200k SBD? I see only about 20k transfered to exchanges from the @steemfest account...

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       8 years ago (edited) 

      I didnt mean from the steemfest account directly, I got the 200k figure from @masteryoda 's report as the total amount of SBD-STEEM conversions qued up for the next 7 days.

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         8 years ago (edited) 

        I know Steemit Inc. is pouring in some Steep Power to the SteemFest participants, but they do that directly Steem->Steem Power from what I understand. And the fest is 2 months away, there;s plenty of time to get that steem for them.

        As to the overall conversions, I think SBD turned to Steem is actually good as it removes the pressure of backing it up?
        When SBD is pulled out towards exchanges, that needs to raise some worries.

        I am personally powering down and immediately turning it into SBD. Waiting for Steem to go down and then buy it back.

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