Why are so many people selling steem dollars lately?

in #steemit8 years ago

I noticed the last few days on the market page that there's been a lot more sellers of steem dollars than buyers. I've also notice the sellers seem to be strong at night and the charts don't look that good either.

I'm wondering if this is normal or could it be the drop in new users?

I'd love to hear other peoples opinion on this.

https://steemit.com/market

https://steemle.com/charts.php

Thanks,
@wakeupnd

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From what I can see the price for Steem Dollars on exchanges has gone up from around $0.82 a week or two ago to $0.96 today. That implies better demand for Steem Dollars.

Hurry need to sell - while they were worth. The pyramid is always so - then it will be too late. Anyone does not need those dollars.

since its happening at night maybe its our.... dare I say.... our Russian steemers trading for btc... hmm, last I heard (and I have NO IDEA if I heard the truth) BTC is illegal in Russia. I think I recall reading some Kremlin parliament member suggesting BTC was an NSA ploy?
OR was that Snowjob... I mean Snowden?