What happens to Steem?
What happens to Steem?

By ilnegro | ilnegro | 10 Mar 2020


Steem / EUr on Bitvavo

 

Change rate last 24 ours Steem/Eur on Bitvavo

In all likelihood, the Steem price flies to the stars because the three exchanges that, very carelessly, have staked the liquid Steem of their users, are now forced to buy Steem on the market, that is, in the other exchanges, to meet the requests of Steem by users.

They made a risky move, dangerous and contrary to any policy, now they risk paying a rather high price for this little game they did, perhaps without having the real knowledge of the risk they were taking.

Not only that, but this maneuver, as well as expensive, could prove equally useless, given that, for example bitvavo, allows trading on the Steem and marks a + 25% and broken on the last 24 hours, but ...

No Withdrawals warning on Bitvavo

What will be the next move?

When will they realize that they have accumulated a nice nest of Steem which, however, once again, however, are blocked and therefore not usable to meet the requests of users who are justly worried if not actually stuffed?

Both the power down (which they have not yet done), and the purchase on the market could prove to be partially useless and these 3 exchanges could crash on a relatively small thing, but which gave a very negative signal to all users, not only to Steem owners, regarding the policies and the improper use that these exchanges have made of their theoretically liquid assets.

We will find out in the coming days.
The Steem / Tron saga becomes more exciting every day ...


ilnegro
ilnegro

I was born, I am currently alive, sooner or later I will die


ilnegro
ilnegro

ilnegro

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.