I read your post yesterday and now this one. I will not be participating in the idea since already know I would be a big loser.
I have been doing some sbd transfers out of here lately and go through ltc to do it since they have cheap fees. I do not care how great ltc is doing - whenever I transfer - that's when the price drops a bit before I get it out and turned into Thai Baht. Even with tiny amounts, this is stressful for me. I'm sure playing the pump and dump game would give even more stress.
I'm pretty sure I saw a post about this topic related to steemit money a few weeks ago. I remember a big spike like this in the chart in the post I was looking at. So I guess it goes on here as well. Yet something else I do not understand at steemit :)
"I do not care how great ltc is doing - whenever I transfer - that's when the price drops"
I am also afflicted with this curse. I think we can file it under "Murphy's Law For Exchanging Currencies."
"related to steemit money"
If you mean SBDs, then it may have been due to a spike in Korean Won (speculative) demand. This is a situation that is still ongoing and somewhat concerning. I may write about it soon.