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RE: 😎👉What is happening behind the scenes in Steemit?😎

in #steemit • 7 years ago

I mentioned in my post

Last time in the start of April I saw that whales were powering down when the price of Steem was around $1.5 but it soon went up to $4.2. Now, similar trend may be repeated. Is this the sign of increasing price of Steem in near future?

My sixth sense was telling that the price of Steem will go up as whales are powering down. It happened exactly. Now, the price of Steem crossed $1.6 mark.

7 years ago in #steemit by
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     7 years ago (edited) 

    In some cases they are powering down to fund other accounts or to move steem around.. Not always selling it, I would expect the price to drop if whales sold a bunch not rise.

    I see more people signing on than whales cashing out though. You may be right...

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     7 years ago  

    In some cases they are powering down to fund other accounts or to move steem around.. Not always selling it

    I agree but when someone send Steem and SBD to blocktrade or other crypto exchanges, the matter becomes different.