Bitcoin Recovers, Big Jumps for STEEM and Steem Dollars

in #bitcoin7 years ago (edited)

STEEM ranks Top 20 and gains the interest of new investors

Just hours ago, I took a quick snapshot of STEEM and Steem Dollar market prices making huge jumps.


Source: https://coinmarketcap.com/currencies/steem


Source: https://coinmarketcap.com/currencies/steem-dollars

Sudden jump?

While I re-orientate myself to the sudden jump for STEEM and SBD, STEEM has achieved a market cap of US$629 million , reaching a peak at US$2.45 price and Steem Dollars made a 100% jump from US$1.60 to US$3.18.

Other coins such as Binance Coin [BNB] and VeChain [VEN] have also made huge jumps today. (Source: cryptocurrencynews.com).

I am not very good at scrutinizing the STEEM blockchain or do queries, so I am still trying to find out what happened in the last 6 hours. There have been some talks of buying in STEEM as it hits an all-time low of US$1.58 (Source: cointradejournal.com)

A high trade volume is reported on Korean Exchange, Upbit, which I have trouble doing translations. US$27 million is traded from South Korean Won (KRW) to STEEM and a high volume of US$53 million is traded from KRW to Steem Dollars.


Source: Upbit

To my understanding South Korea is a big supporter of cryptocurrencies and there is a huge presence of the Korean community on Steemit (via steemkr.com, which is the Korean interface for Steem blockchain social media platform). Refering to an article by @arcange, there is an increasing number of Korean authors on Steemit. 여보세요! Welcome! (Courtesy of Google Translate)

Market manipulation or steady growth?

Good news for Steemit to gain international users as the platform here will be used by a growing number of users. We all play our part, writing, reading, curating, commenting, upvoting, re-steeming and making friends on this new platform.

With the downfall of Facebook as the largest social media platform, blockchain-based websites such as Steemit are gaining ground (see my previous article: https://steemit.com/facebook/@tysler/facebook-is-fighting-a-losing-battle-with-its-privacy-issues)

"I feel like I'm in the Stone Age when I'm on Facebook or Twitter," Kadavy said. "They have no value without what you're contributing to them. If Facebook doesn't respond to this, things can change very quickly. They should be very concerned." Kadavy, a 38-year-old American writer living in Colombia said.
Source: NDTV, Bloomberg author


Source: Martin Eriksson

Stay tuned for more on steemit.com/@tysler

-tysler

All images used are under the CC0 license.

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Steem is our love i hope it will hit 20$ in 2018

That means bitcoin should hit 28,000$

i don't foresee that happening this year because of more crytocurrency acceptance.

just signup get $10 http://teensmakecash.com/?ref=akankah
instant withdraw to paypal

20 come on atleast $100 🚂choo choo!

Good to see steem and steem dollars outperforming most of the alts today specially SBD among one of the largest % gains.

I've asked you before @introvert-dime why you vote up all your own replies at basically full strength all the time, but the post itself at VERY low power (around 7% usually it seems) and here is the deal.

It is considered pretty scammy here to do that.

And you have been doing it a long time and it is time to address this poor behaviour.

Once in awhile is fine. Not all day, every day for weeks on end.

That is garbage behaviour here.

You seem to pick high profile posts, or users to do this on always and then vote your comments to the top increasing your visibility and you do this all day long, every day, all the time.

That is frowned upon here, not like you need someone to tell you this behaviour is scammy and poor.

I think I might start pasting this reply into your scammy replies to people, since your replies are all self-voted to the top for VISIBILITY. ALL THE TIME.

-- here is the proof just for today , the last few mins, on SteemD.com which I encourage everyone to check out on the blockchain.

This Reply posted April 3rd, 2018 to @introvert-dime, as I have done with them before..... without reply.

About time people start calling out this behavior!! Help minnows out by upvoting them and distribute the wealth which in turn will help the steemit community grow in the long-term and you as well (since your value will increase) instead of scummy activities like this which does nothing in either the short or long term to help the overall platform grow.

I have pasted this on all his replies in the last 7 days hoping some people see it, so far, you are the 3rd who has commented.

I spent hours and hours and tons of votes and donations helping minnows out my first 18 mths.

The bullying and collusion on this platform drains people esp. when 20 or 30 people you helped either forget you or leave you for dead.

I couldn't agree more. That's one of the biggest problems I've seen over the past 4 months of being on the steemit platform. Instead of it being a platform which fosters wealth distribution to people for producing great content, the wealth seems to be being distributed to the select few who already have loads of SP and up vote their own content rather than helping others and fostering long-term growth of the overall platform. Seems counter productive to me personally.

Look down his last 30 days of comments, every one he UV as I have said.

https://steemit.com/@introvert-dime/comments

Thats a shame. Image the growth that would be fostered if those upvotes went to other individuals in order to help promote growth of the overall platform rather than individual greed. Just comments for thoughts. lol

Yep, my last straw as I continued to lose support was basically August. We can see where that all got me, from a top blogger to earning nothing after everything to help.

This is blunt!

A green day for cryptocurrency. Good day indeed.

The market is only trending sideways, not that good.

The Tree of Life, or Etz haChayim (עץ החיים) has upvoted you with divine emanations (Sephiroths) of Gods creation itself ex nihilo. We reveal Light by transforming our Desire to Receive for Ourselves to a Desire to Receive for Others. I am a Curation-Bot and Front-Run all Bid-Bots used to promote this post.

Being poor is a great strategy. If you don't have anything, you can't lose anything. That's what makes poor people so strong. Rich people, on the other hand, are fragile, because they have so much to lose. Get poor and get strong.

Valid point

Money matters.

No. What you value matters.

I assure you your values would quickly evolve in different circumstances.

For instance, in a trench with bullets whizzing overhead.

hopefully bitcoin can find a bottom because it is hurting all other cryptos

I'm learning more and more about STEEM and its value, and this post definitely put me in the right direction to continue my research. I have been on Binance for a little while now and continue to 'fill my bags' with a handful of cryptos and it has been interesting to see how BNB has been doing. Prior to the 'crash' a few months ago BNB was close to $20 (I think). Since then it has dropped significantly but has slowly been on the rise. As the token directly related to the exchange, I feel that BNB will certain gain volume and value as the year progresses. -Respect

great, I'm learning new things too each and everyday :)

I think crypto market is making a correction here and will come down further.

Criptocurrency is a realistic for future.These times some bad and speculatif news can destroy price but future is day and day coming.
Any fud not block the future.
All market was destroyed by fuds.
Now all market increase.
I wasn't sell any cripto.I belive them.Also i wasn't sell my steem and now not sell it.Because everything is started these years.
If your grangrandgrand..father buy and hodl a land at yhe newyork they must be 200years hodl:)
Why we not a ten years hodll...
Trust blockchain...and hodll:)

It has been publicly revealed now that both blockchain and Binance were created by the NSA.

Just because what you're standing in smells like manure doesn't mean you're in a rose garden.

Hopefully the market can gain some momentum now!

The market?

Did you invest in steem?

Because I did.