STEEM! WHAT JUST HAPPENED?steemCreated with Sketch.

in steem •  7 years ago 

Steem just crashed to .74 cents

Anyone got any idea what happened

Maybe it's that damn new logo, or maybe the night vision. If so take it back I dont want it.

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Anyone got any idea

Follow me @raybrockman
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Remember: Buy low, sell high.

Right you are.

Thanks for the heads up! The price of Steem dollars just spiked momentarily! A ton of volume on Bittrex!!!!! 10x the volume of poloniex!

Someone big sold!!! The steem market wont let you buy right now.

I just traded some on the internal market!

Wow! Now's a great time to buy in, someone lend me some $ 😛

Yes it is....

Ow, my balls...

What? Did Jamie Dimond hold another news conference claiming Steem was a bubble??

Hell who knows...

  ·  7 years ago (edited)

Have a feeling some corpos are fearing what steemit may become and how it can challenge their social websites own supremacy. Someone here on steemit noted earlier in the year that some entities bought into steem/sbd heavily, perhaps those entities were saving exactly for a time like this to try to discourage/ruin sentiment/cause panic selling to try to diminish steemits popularity. After all these corpos get 0% unlimited loans to play with markets. Whats a couple of million $ loss to them? nothing.. but a couple million $ sell order for steem/sbd is a big deal for all who watch and care for this site to continue. Stay strong, because I don't think steemits going anywhere.

Hopefully the owners of the servers that run the website never cave into the pressure of a buy out of some sorts from FB or something like that.
clickthespoon.gif

This isn't a conspiracy
The elites at FB didn't do this. The market is tiny and a whale sold some steem. It's such a small market it didn't take much. I love our steemit community but I have lost faith is steem winning this fight. I hope I'm wrong but I see people I know leaving the site out of frustration after trying it for months

This reminds me of the spinning top in the movie Inception.

Maybe its the censorship by staff.

Markets are manipulated I think. Alt coins are drowning and that's perfectly fine. They'll zoom up when their time comes and these times will be forgotten. Weather the storm.

I'm happy to accumulate my core coins on these dips for the long run. Trying not to buy much Steem as my personal experiment to earn my way with the platform out of principle, but not easy at all.

Most alt coin are garbage and as time moves on people will realize which are good and which serve no purpose. There will soon be a change when they tokens start showing there utility

True true. Most are underdeveloped or shells now, but I'm very selective since I've been in the space for a bit.

Most alt-coins suck.. steem is no different. Generally when BTC goes up most or all altcoins go red. If BTC ever goes down money pours back into alt coins. Plus this new setup is ugly on steemit. I don’t know why they thought the change in colour was needed. Perhaps other roll outs are in their way.

In my humble opinion, I think this depends a lot on the value of the BTC currently that destabilizes or not the other currencies and alters the actions in the same way.

the "logo crash", haha... wow, so it really dipped that bad? i'm seeing 91 1/2 right now

It's the new look.
I blame the new look.

Thats was a great buying opportunity - wish I saw it.

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Wow nice post

SPAMMER!

Good time to buy into some Steem, need them $ now😀

Thats right.

Facebook has over 2 billion active users and they receive 0$ daily.
Steemit has only 450000 users but they receive 50000$ daily.

I can't stop laughing when I am writing this.
If only the people knew Steem exists...

So true, its funny.....

Seeing the alexa rankings everything seems like we are heading on the right direction: https://www.alexa.com/siteinfo/steemit.com
Steemit is now the number 2,187 most visited site in the world.
One funny fact:
0.32% of the users that come through the search engine write the keyword "bitconnect scam".
For anyone seeing this comment I think it is.

that's great news!!

Buy in the dips \o/

brilent post..thanks for sharing

Could be people buying into the Bitcoin fork.

Coinbase sent me an email saying that BTC balance
will get an equal amount of the new forked currency
(like they did with Bitcoin Cash).

Probably will be a BTC post-fork drop as everyone takes their profits and goes back to their previously scheduled cryptos.

But in the meantime, cheap Steem ;-)

Steem will likely go much lower. I'm buying more at .50 cents usd
I am rather frustrated by steemit lately after getting many friends to sign up they largely got tired of the site being down and being a victim of censorship by whales who didn't like there political posts. I love our steemit community! I do! But steemit has many more issuies then most of us admit. The white paper is crap so many who are early crypto investors don't like it.

That all said I'm staying in the fight! I do sell some steem to buy more bitcoin but I'm gonna be here for a while and I will fight for our steemit community

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Such a great post..about steem.
Thank's for sharing
@upvoted and followed

Maybe because of the price of bitcoin, cheap price now! good time to buy some and wait until 2018

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It just because of bitcoin new fork segwit2x is coming.. traders are selling all their altcoins and storing in bitcoin wallet.. because of this bitcoin price is going high and alts are going down.. after 18th November everything will be normal!

Your account follow me bro
nice blog , Have a nice day @raybrockman