Rumours say there is a cartel to manipulate prices of Steem and Steem Dollar... When the price goes up, they don't actually have the funds to back up the trades, so they are forced to disable withdrawals. It's easy to test that deposits actually work even though exchanges claim they are disabled.... They need people to deposit coins, or else they can never re-enable withdrawals. People have reported at least HitBTC to authorities, so the cartel could be broken.
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This is interesting!
I never know this!
But poloniex was misbehaving since august or june, wallet Always disabled,
I have been around only since mid-October but I have heard that Steemit has frozen accounts of some of the exchanges due to reasons unmentioned... I know we shouldn't believe in rumours, but until there is official announcement, we can only speculate the worst case scenario.
You have a point in that, and it might be true!
Coz even the core steemit, didn't know why sbd spike that high value, and it is not pumping, and with 3.6 million only, it could go more than $10 each
The error code HitBTC gives means their server pool is overloaded... Their transactions currently lag about a day... When SBTC tokens get credited, we know the system is starting to recover.