So I was sitting back watching Steemviz and noticed something really crazy and could possibly need to be looked into. This is what I saw.
4000.000 STEEM from tomoaki to poloniex
4e536a96d94344f1
What I found interesting is that this account is New and has not been on very much. It has posted a little,but I have a feeling a lot of our Precious Steem is being traded out through New Fakes such as this. I hate to be that guy and I just argued with @greatone for doing this same thing, but I am trying to reinvest and noticed it pass by on the live stream and in their feed I found this:
7 minutes ago Transfer 900.000 STEEM to poloniex 4e536a96d94344f1
7 minutes ago Transfer 4000.000 STEEM to poloniex 4e536a96d94344f1
4 days ago Transfer 8368.000 STEEM to poloniex 4e536a96d94344f1
1 week ago Transfer 5000.000 STEEM to poloniex 4e536a96d94344f1
1 week ago Transfer 100.000 STEEM to poloniex 4e536a96d94344f1
2 weeks ago Receive 4763.990 SBD from poloniex STM7zNnTJJHREH1QRpeTU7AefYgekZzDX3K7WdLg1tZGnCH34c1go
2 weeks ago Transfer 3690.000 STEEM to poloniex 4e536a96d94344f1
2 weeks ago Receive 4100.000 SBD from poloniex STM7zNnTJJHREH1QRpeTU7AefYgekZzDX3K7WdLg1tZGnCH34c1go
2 weeks ago Receive 100.090 SBD from poloniex STM7zNnTJJHREH1QRpeTU7AefYgekZzDX3K7WdLg1tZGnCH34c1go
2 weeks ago Transfer 1293.100 STEEM to poloniex 4e536a96d94344f1
Information can be found here:
https://steemit.com/@tomoaki/transfers
That is over 30 Thousand Steem filtered to poloniex.
Not sure if this is fishy or if it even matters, but figured I would pass it on to my fellow Community Members.
Seems weird to me
This account's received large amounts of SBD from Poloniex and converted it to Steem, which isn't shown on the website for some reason. I don't know why OP claims the account is "new" or "fake", according to the blockchain it was registered on August 3 and it does have some posts.
If we assume he bought everything he received from Poloniex and sold everything he sent to Poloniex, then he bought over $14,000 SBD, injecting about $14,000 worth of Bitcoins into the buy side of the Steem ecosystem. 30K STEEM is $12.5K at current prices (although some of his trades are older and he might have bought his SBD at a discount, so this doesn't necessarily mean he took losses). His sell-side activity may be larger than a lot of users but it's in the right ballpark. He may be using an arbitrage strategy of buying underpriced SBD, converting to STEEM and selling it -- you'd need some historical price data to get a good estimate of whether he made a profit.
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Ok I see, it really seemed suspicious and with the constant drop in price I was getting worried. Thanks for the information.
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Lets not worry so much about it. Many are dumping now, which explains the price of STEEM now. Personally I made some big losses myself, and for some of my clients. In fact its considered major losses when as of now, i've lost about 70-80% of the money invested in STEEM.
But we should not fret over it. Currently we're only in beta phase. When Steemit goes live in the mainstream, thats when the price slowly picks up. And with the low price now. Many people will start buying n again like what most of us did around July/ early August. Be prepared for the STEEM to drop some more to the rock bottom, even to 0.0001btc/steem or even losing one more decimal place, that is when people can start re enter again. And that will be when we reap our rewards. So long as there is development and community here, STEEM will go up again. We're the frontrunners when it comes to Social Media Blockchain.
Let's just keep the faith and passion in Steemit, do our part in content creation, curation and developing this platform. We will reap the rewards very soon.
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It looks like someone sent over 6000.000 SBD from poloniex, didn't power up, but kept buying steem from the internal market as the price went down and has it now sent to polo waiting for it to go up is my guess. Short-term trader looking for a quick profit instead of those powering up and being invested with their money and time.
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That's a good thought, I guess we can hope not too many will just cash out on us. I want to reinvest and use what is gained to power up. Enabling me to vote up posts I like and help the distribution.Thanks for your thoughts
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Need to have more information nothing smells fishy. TBH
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No need this post is merely a what do you think type post. I am asking what others think is going on and what their opinions are. Most seem to think it is a trade strategy and maybe he has been saving up, just getting the Communities input on actions such as these, with all of these new tools showing everything live I feel there will be more questions. Thanks for posting
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Something is going on. Following
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I thought so, it seemed weird at the amount of 30,000. That's not chump change and that account is new, so it seemslike someone is Dumping through a fake account
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Try going here http://steemwhales.com/poloniex
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Wow seems like someone is cashing out majorly, well there is one of the reasons the coin is dropping like a Rock.
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What the hell, it looks like a bigger person or people are filtering money through this account. I wonder how many more are out there like this. Good catch :)
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If someone is cashing out, someone else will be buying up that STEEM, whats the big deal?
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That's too much to cash out in the course of two weeks, specially when the price has been steadily dropping. This is part of the reason our Coin is going dead . People needed to see this sorry if it upset you.
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I'm surprised this didn't get downvoted by a whale like that other post by @ats-david. Something is fishy going on, or something very whale-y is going on...
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