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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #8 "Shield wall!,,,Hammer on!" Aug 7, 2016

in #steem • 8 years ago

Traditional markets IE: NYSE trade Monday - Friday.

How does the prices for BTC & Steem work? Is it all live 24/7, and fluctuates depending on supply/demand?

When I buy "STEEM POWER" using BTC, how can I determine at what price point I am getting the SP? The internal market place is great, but when you buy flat out STEEM Power, its a bit different.

8 years ago in #steem by
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     8 years ago  

    Hello! Yes indeed! steem can be traded 24/7 throughout the whole year and fluctuates on supply and demand .
    About the 2nd question i'm not rly sure myself, maybe someone else can jump in to help ?
    I think they pull price out of the SBD / STEEM internal market?
    Thanks for the reply and questions!

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     8 years ago (edited) 

    @wroman0207 I believe when you buy "STEEM POWER" with bitcoin it goes through the Block Trades exchange. You can check it out here.
    https://blocktrades.us/

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