88 BTC Wall Of Goodness!

in steem •  7 years ago 

With the price of STEEM pushing up again, I can see someone really doesn't want the price to drop much further.

I'll give you my extremely in depth analysis of what I see.

InkedScreenshot 2017-07-05 14.18.38_LI.jpg

@SHEESHKABABAGE

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Sooooooooooooooo tasty :)

So I thinned out the people I'm following - and you stayed on my list! Hoping to drop by a little more often now that I'm less overwhelmed.

Nice one man!

I think I need to do the same. So many people on my list that I have no idea why I followed them, apart from folk like yourself who I have spoken to in the past about stuff.
That's the difficult thing about Steemit at times though, it's difficult to view everyone's posts because before you know it, there is almost 200 people that you are following who are all posting once a day. Some good and some, for me, not so good. Then you find that you don't see the people who share the same interests as you.

I'd love it if you could have the option of using alerts for certain people you're following. That way you could follow whoever, but not lose sight of your core group :D

Now that is an idea! A very good idea. Someone sort this out plzzz!

Those walls really sucks. I see so many new people buy a coin for 3 sats thinking if I buy a million of them, sit on it thinking if it goes up to 300 sats they are good, until they realize theres a 30 btc wall in front of them and then they are stuck. I think I will use the term "Berlin wall" for small walls and "The Great Wall of China" for big ones.

The wall has been taken away. They don't last very long when someone fires one up.
But yeah it's easy to manipulate cheaper coins if you have some money behind you.

Just curious... what exactly is the implication? It appears you've circled a huge BUY order, which I guess is a bad manipulation. But, can you provide a bit more explanation to a "newbie"?

It's just a big buy wall of 88 BTC worth of STEEM which stops the price falling further down unless there is 88 BTC worth of STEEM sold.
It might even be a trading bot, who knows.