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RE: Market Snapshot - September 25th 2018

in #steemit6 years ago

The exchanges seem to have a wide range of prices for steem today and I heard some food not allow for buying it at the moment. I expect people are waiting to see how the hardfork goes. We need a smooth transition really. Then we can move ahead and confidence may improve, although I've seen a few people saying they are unimpressed with the changes.

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The volatility is high because:

  1. there is a significant change in the platform, which should improve user acquisition and retention
  2. the underlying technical change directly affects exchanges, which need to upgrade themselves too if they want to continue trading

Two source of disruption, actually.

As for the actual changes implemented in this hardfork, I'm one of the guys that tell a different story: especially the new account creation feature will massively change things around here.