Notice big upswing on steem before poloniex looks like they buy before they list.
Pretty silly huh. They bought their own coin to boost it up. So easy to do on Bittrex or any exchange for that matter. Why people would buy this coin just to reward content is beyond me. Got to buy some steem so I feel self esteem for my voting power! lol They got the social media networking though but had to pump their own coin just to give it exposure. People buy out of speculation just so it can be given to others for their posts? How does this make any sense? I must not be understanding something here lol. Buy a coin with BitCoin to trade someone for writing a quip on a blog or commenting somewhere. Guess now your 2 cents is worth 2 cents...
It was so obvious what polinex did.last and they are ot transparent at all. They drove down the price to 2.44 yesterday. I got in on steemit @.75 and sold a little bit when it hit 4. I sold the rest yesterday when it hit 2.44. if I would of known that polinex was going to list I would of held. Its over priced and I might get back in if it comes back to the 3 range.
The thing about steem and crypto in general is that information is worth more physical assets. The more userserious and content just like any other site meanso more value.
Solar will have its day but right now it is going to be stagnant.
Yeah total manipulation by Poloniex since they know what coins they will list. Steeming pile of network bs. So you are telling me Steem already has so many users it is worth that much and Solarcoin isn't because it doesn't have that big of a network? People don't have to buy Steem just like they don't have to buy Solarcoin, and with Solarcoin you are granted when you own panels worth money so buying that instead of the Coin is the incentive. Changing out your BitCoin to Solarcoin will make the price boost and when the Network capacity is hit only speculation will drive the price due to buying low and selling high. Low Buyers will be hedgers since they will not know where the median price falls... no way to know since there is nothing backing the coin other than holders of coin. There is also no magic number to place a static value on that which is granted at 1MWH. The whole maket could drop out from under them. Buyers may dry up since there may only be so many people who want to change out their BitCoin and feel the price is too high to spend their BitCoin on Solarcoin or Steem.
