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RE: A Closer Look at Today's Steem/SBD Rise (And Groestlcoin, Powering Up, and More)
It's been a nice surprise for sure, and the overall market result seem favourable so far. Maybe the markets finally starting to grow again? It's about time.
Well, whenever Steem goes up, it's favourable for us, even if it's a pump-and-dump, because it means there'll be a period where the 3.5 day average is higher, which means higher rewards.
With SBD, it's not really favourable.
And if you read my post, you'll see that there are strong hints pointing at pump and dump, or at least at a stand-alone pump that is not indicative of a trend. So don't count on it.
Thing is, STEEM is not the only crypto on the rise, check out verge as well. Upbit takes less than 20% of daily volume there.
Yes, but if we look at the averages, and the behaviour of Steem/SBD, then their rises look fake.
I do expect things to rise, 4-5%. Some things will moon. But some of the mooners are manipulated, and it certainly seems to be the case for our cryptos.