RE: Update: Join @justinsunsteemit Town Hall Tonight!

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Update: Join @justinsunsteemit Town Hall Tonight!

in steemit •  5 years ago 

What would happen if users initiate mass withdrawal of STEEM from all exchanges? Would voting exchanges be forced to buy / borrow STEEM from other exchanges that did not lock up their coins? If so, would this liquidity crunch create any price premium on STEEM itself?

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5 years ago by

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      ·  5 years ago 

    Already happening.

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        ·  5 years ago 

      Funny as you say. I mused the same yesterday:

      https://steempeak.com/steem/@vermithrax/re-markkujantunen-q6s7tz

      But not withdraw. Transfer then them into SteeemIt accounts. That ways the exchanges have to provide the coins.

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