Personally I don't understand why anyone would put in huge market orders of this magnitude... ever. They should be setting up limit buy walls.
It's easy to buy millions of Hive if you're willing to wait a couple days. Or better yet a week to give time for powerdowns. FOMO stronk I guess.
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Yeah, ever since we had that little talk about powerdown period, I've been thinking a lot about how one could manipulate the market with a rumor (good or bad, a pump can be a rumor in itself) causing that FOMO powerdown, then knowing the exact date they could pounce.
Not if you #hodl something like a long strategy. Pull the price up to a certain point and let your investment sink into the new resistance price level.
One could come up with such ideas if they keep comparing STEEM and HIVE only by price.