Justin Sun - Ned AMA + STEEM Price
The AMA left so many questions unanswered but i'm hopeful that the following week will bring more answers. From a speculation perspective I like the possibility of STEEM being listed in more exchanges. But ofcourse it's too early to say if any of this will happen.
It would be great to have STEEM/USDT + Futures on Binance. With Binance acquisition of top Indian crypto exchange WazirX it would make things easier for Indian traders to trade STEEM as well as you wouldn't need to trade INR -> USDT -> BTC -> STEEM but instead move from INR -> USDT -> STEEM directly as well.
WazirX has STEEM/USDT pair but the volumes are THIN! I'm also unsure if you can deposit/withdraw directly on WazirX. But having a USDT pairing on Binance will be great.
Hopefully when there's some clarity on the way foward and the dust settles I hope the community will make a push for these things. Try to encourage more traders in to speculate on the price of STEEM.
Meanwhile, STEEM price has corrected quite a bit today but considering the AMA wasn't what many were expecting it to be it seems fair from a market sentiment perspective. Also, after the recent move up a correction seemed due. It remains to be seen if there will be a deeper correction from here.
So far we're down about 17-19% from the recent top. Bit sad to see recent gains wipe off but that's the nature of the game. There's a saying amongst traders, "stairs up and elevator down!"
Personally I'd like to see a move above 3000 satoshis to hold for a while to come. We've been in the dumps for so long, a short lived upward leg is not what we need right about now. A better STEEM price will help lift up the whole eco-system as a whole and also help many witnesses, especially low ranking ones.
What are your thoughts about the AMA? Here's a link if you haven't seen it yet.
Let me know what you think about the AMA as well as the drop in price in the comments below and consider supporting my witness if you can.
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I was waiting for more technical information, however I think it's positive that Steemit Inc has a new leader and is willing to invest in the product. The steemit was not evolving much with Ned. However, I will be very careful if there will be new developments in the steemit.
The deposit and withdrawal for steem are not enabled on wazirx and it is really bad hope so they may start that feature soon.
Yeah. Hence, more the need to have this on Binance.
The dip is crypto wide with most coins taking it on the chin today. It wasn't steem specific at all.
Yes that's worth noting as well. However, STEEM started declining even before. BTC did a 4-5% dip and STEEM did about 3x more. Hopefully we'll see a bounce back up. :)
That's right in line with most of the altcoins around it...
Video disabled to be seen on other websites LOL 😂 so typical!
Weird indeed.
As for the price of STEEM, let us not forget that BTC took a $400 dive about a 1/2 hour before the AMA started... taking pretty much ALL the alt coins down the tubes with it...
Sure. Definitely worth noting. Also worth considering is that STEEM started tanking 2-3 hours prior to the AMA and took a dive with BTC again. Anyway, it'll bounce up eventually. :)
I think you can transfer between Binance and WazirX directly, if you have USDT you can move it Binance and buy steem their.
https://twitter.com/WazirXIndia/status/1228188623914143745
Hey thanks for the headsup on this! This is a good move on their part.
Buying and selling steem is now more easier than before with the co-ordination of binance and wazirx. Anyway, I have learnt a new word out of this deal.. Google gave me the abbreviation.
AMA- Ask Me Anything.