Is Binance manipulating the Steem price?

luegenbaron (64)in #steem • 5 years ago

It really looks like it..

Here is the Steem/BTC price on Tradingview:

And here is the Steem/BTC price on Binance:

There are differences of at least 150 up to 500 sats.. since days..

Also Binance is trading something, they do not have!
They have powered up all liquid steem, so what are you buying?

Now they try to push down the price on their centralized exchange to buy cheap liquid steem, to either counter their liquidity problem, to get even more influence on our chain, or simply both.

Over and Out

#binance #steemleo #palnet #tron #manipulation #nofreemarket

5 years ago in #steem by luegenbaron (64)

$0.08

Sort:

Trending

[-]

art.int (52) 5 years ago

I'm not sure, but as you can't withdraw STEEM from Binance, there is no possibility of arbitrage between Binance and the other platforms, which allows this kind of differences.
Once they enable withdrawals again, it will allow people to buy on Binance and sell on other exchanges, bringing the difference to zero.

It's not really that they're manipulating the price, it's just that nobody wants to buy STEEM they can not withdraw or power-up or do anything with in fact. So bear in mind that once Binance allows withdrawals again, price will go up on Binance (as people will buy for arbitrage) and go down on other exchanges (as people will sell what they bought on Binance a few minutes earlier). I don't really think they're manipulating the price, but I'm sure they will be the ones making the most of the arbitrage opportunity as they will be the ones to know exactly when the withdrawals are possible again.

$0.00

1 vote

[-]

investinthefutur (64) 5 years ago

Du wurdest als Member von @investinthefutur gevotet! ---> Wer ist investinthefutur ?
Eine kleine Dividende a little bit !BEER

$0.00

[-]

beerlover (62) 5 years ago

^{View or trade BEER.}

Hey @luegenbaron, here is a little bit of BEER from @investinthefutur for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

$0.00

[-]

justinsunsteem (-2)(1) 5 years ago

Preparing to dump my stake. Binance is just helping me to get the best price for it!

$0.00

[-]

trayan (62) 5 years ago

I guess... NO
Some steemians are afraid of losing stakes...
No joke... this time the apocalypse is real :P

$0.00

[-]

olaf123 (-12)(1) 5 years ago

According to the Bible, The Story of Gideon: On Making Choices and the Second Coming.

Watch the Video below to know the Answer...

(Sorry for sending this comment. We are not looking for our self profit, our intentions is to preach the words of God in any means possible.)

Comment what you understand of our Youtube Video to receive our full votes. We have 30,000 #SteemPower. It's our little way to Thank you, our beloved friend.
Check our Discord Chat
Join our Official Community: https://steemit.com/created/hive-182074

$0.00

3 votes