So I was just poking around the markets and I remember hearing something about the price of steem going up a week or two ago, but never even checked. So today I brought up the chart expecting to see a significantly higher steem price. The moment I glanced at the chart I almost started to laugh with a big WTF rattling around inside my head. Just have a look at this chart compliments of trading view.
That is one hell of a pump and dump if I've ever seen one, and it totally wreaks of something shady going on. But, well, ya know, I guess this should now all come to be expected from the "sister" platforms as they struggle to attract new investment and users.
It's starting to remind me of the final scene from terminator two, when Arnold busts out the shotgun and the bad terminator falls into the molten steel, and it keeps turning and twisting and struggling to survive doing all sorts of weirdness, morphing into different characters before it finally dies.
Maybe this is what we can expect but in slow motion over the next few years. We'll just have to wait and see. Meanwhile Blurt is looking healthy with steady growth and momentum behind it. Go BLURT!
It's to do with Tron.
On 21st April Tron announced it was issuing a stablecoin with 30% APR on top of the Tron network.
It got a lot of mainstream media coverage and both Tron and Steem started to pump with natural investors. (Steem because you can earn TRX on steemit).
As soon as Steemit users saw the price action, they hit the powerdown button.
Exactly 7 days later that liquid steem started to hit the exchanges and the price of steem started to tank.
What you are seeing is the effect of a mass power-down when people can power down 25% of their stake in just 7 days.
That sounds logical👍
Thanks for shedding some light on the topic here. Much appreciated.
Leave it up to Justin Sun. I don't trust him as far as I can throw him. I wonder if he's having regrets taking over steem. I can imagine so, but then again what do I know....
Wait till you cross correlation with hive's jump in price when it jumps above STEEM late last year.
Hive is STEEM with different top witnesses and a Minor adjustment of missing Whale Accounts... Sparking a continuing lawsuit. Last year, news of a Different Hive Blockchain hit the press. The big jump in hive token came from the press about a DIFFERENT CHAIN. hive likely shouldn NOT be trading above STEEM... Or at least should only be close to the price of STEEM.
... So I think more action is coming.
😐
I thought you would have your finger on the pulse. Bacon knows inside blockcahin baseball.
Is it me, or this place getting wildly entertaining? I think I'm getting addicted like @ultravioletmag's recent post talks about.
https://blurt.blog/blurt/@ultravioletmag/help-i-m-addicted-to-blurt
BLURT to Addicted, I'm HELP - By Frank Bacon
Saw this post after I commented. I think we are all getting addicted! hahaha
They are still playing them games they will get left behind while blurt will be blurting away to top position :)
Gracias por compartir tu publicación en #Blurt. Tu esfuerzo significa mucho para nosotros; por eso has recibido un voto positivo.
Te invito a votar por @blurtlatam como Testigo / Witness
Que suerte yo soy! Gracias @vickyguevara eres super super fantastico!
One thing steemit shows is that it seems to take years for the price of a token to accurately reflect its true value. I expect the price of both steem and hive to keep working slowly downwards to about 10 cents, but that will probably take about two more years.
And i expect blurt to work gradually UP to about 10 cents this year. Its all guesswork, but those are my best guesses today.
Knowing this is written by the Frotster, it wouldn't suprise me that this is 100% spot on.
I have some steem and sbd plus tron on steemit, not interested in them though, more interested in spending my hbd on blurt this weekend.
Not a bad idea at all.
I almost choked when I saw a cover image, hahahaha.
They will do stuff like that, but I think that without a proper population Steemit is over. It lost its engine.
Hahaha, glad you liked it!
I agree, remember myspace.....lol
I signup with MySpace when it was on last leg or smth, I think it was 2010 and I was dragged there from Facebook by some demolished nuptial who wanted to prove my level of patience is somehow lower than his own ( didn't happen ofc ) and after about 5 minutes I was like - "...so come again, where exactly should I plug my radio channel in here?" I think he had a stroke that day...
Sounds like a fun experience! haha
STEEM token seems to move wildly like that even in the past and now is resisting the downward force being done by Bitcoin @world-travel-pro. Some factors like the development in Tron also influences its price action.
Meanwhile the price of blurt will just go up and up because of its attractive price as of now and other users are already thinking about joining this far more better community.
Well said CryptoPie! It's really cool to have you here on Blurt, for me it was a pleasant surprise as well. Getting harassed off HIVE, you wait and see...it will be one of the best blessings in disguise anyone could have asked for.
Yes I agree because our community here is conducive for growth, happiness, freedom to express our opinion with peace of mind without somebody punishing us in a form of economic oppression through downvotes plus insults, name-calling, bullying, etc.,
In hive you always feel that somebody will suddenly pop-up and shake you off from what you are trying to build just like that, it will never be good, some people there are good in coercing their member to not even mention Blurt or suffer account-ender reprisals.
So I am more than happy that Blurt came because it is better on Blurt, there are no bullies. 😀
Also, keep in touch with Blurtconnect-ng family on Telegram and Whatsapp