It certainly looks that way.
SBD and Steem are still pumping.... fuelled by sale on TRX, Blurt, Hive and HBD.
Hmmmm.... what is Justin Sun up to over there ?
The guy is making money every which way. Mad genius ? Where do you think he will dump all that money in say about 4 hours ???
Hmmmm...... I wonder ....
Steem Dollars: https://coinmarketcap.com/currencies/steem-dollars/
Hmmmmm... I wonder where ?
Watch closely now .... https://coinmarketcap.com/currencies/steem-dollars/
It's like someone said in the Hive Discord: who in his right mind pumps a stable coin?
Justin Sun .... he is using it to store cash before he dumps it into Blurt. Makes a few billion ... then dumps back into TRX, Just, SUN, and Steem.
This is the same the happen in 2017. A group of traders pumped a stable coin to 8$ for no reason and gave people false hope they could blog for a living on steem.
This proves more and more that it ain't such a stable coin after all
Never was a stablecoin - that was always a lot of hot steem - a grand delusion.
Meanwhile ... most of the Hive whales are still making tons of Steem from Curation on Steemit.
The Volume is out of control! Nearly 40M. SBD has never had nearly that very odd :-)
Justin TRON.... dumping Hive, HBD, TRX and Blurt to buy SBD until he pours into Probit tomorrow.
interesting theory! will be watching.. :eyes:
Wrong I guess.... who knows ...
Whale games, and I don't doubt :sunny: is pumping SBD. If the dollars are moving into Blurt through ProBit, all the more reason fill a bag of BLURT now..
He loves playing with himself
Won't last long - is not the same as 2017/18 pump. The debt-ratio mechanism kicks in - as it has already. I sold a bunch when was at about 0.11 steem/SBD.
Good timing. Always nice to catch a top.... I swap my SBD for Steem all day long on the Internal market .... wish I had a bigger stack of SBD.
I ended up with a small stash of SBD the last time conversions were good - except I saw the profit narrowing and held off recycling more - waiting for the next opp.... and it came!! ;-)
The round trip was something like sell steem at 0.16 then buy back at 0.11/2. Not bad in % terms but, like you, wish I had more!
When it’s going up I wish I had more .... when it’s going down I wish I had less.
When it's going down, you wish you could buy more!!
Quite a few things to track at the same time tho: internal market price, blockchain price, external price and debt ratio ;-)