How can this price possibly hold? 🌀 by inphiknit

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steem · @inphiknit · May 7 '17

$4.64

How can this price possibly hold? 🌀

<html>
<p><br></p>
<p>I've never seen a chart look like this before.&nbsp;I must be missing some relevant external data which would explain this to my ignorant investor mind.</p>
<p><br></p>
<p>https://steemitimages.com/DQmbXBoKX3S2go48FBdrkARZiLnyH9feMapzaPSEV2fQ2b3/image.png</p>
<p><br></p>
<p>Anyone have any explanations? Is it that there is just too little volume/few trades on the internal market?</p>
<p><br></p>
<h2>Thanks For Your Attention and Support!</h2>
<h2>Melech ben Chaya מלך בן חיה, <a href="https://steemit.com/@inphiknit">@inphiknit</a></h2>
<p><img src="https://i.imgsafe.org/594fb765a1.png" width="412" height="263"/></p>
</html>

👍 abdullar, jackkang, ace108, joele, nextgen622, michaeldodridge, good-karma, myvoter, fyrstikken, daveks, creatr, kendewitt, majes, taskmanager, rubenalexander, gomeravibz, samstonehill, crowdfundedwhale, freiheit50, mrwang, inphiknit, aniestudio, idnit, juanmiguelsalas, runridefly, angel76, fiveboringgames, jdbry, orenshani7, mgibson, digit, abudar, ripplerm, trans-juanmi, preparedwombat, ivicaa, bidnat, tradz, d3nv3r, mrfoot, witidnit10, idnit9, idnit2, angels, idnit4, idnit3, idnit6, idnit8, idnit5, idnit7, idnit1, idnit0, simplest, ogochukwu, commenthunter, victorious, christiantrail, jessicazheng, charm, reisman, contextualize, prizeportal, bestofreddit, junu944, and 27 others

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@ace108 · May 7 '17

$0.02

Seen the same few hours ago but the pattern change quite a few times in the last few hours. Don't know what to make of it but the trend seems up which i guess we should be happy about.

👍 inphiknit

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@inphiknit · May 7 '17

I think I need 1 to 1 lessons with a trader for a good few hours, lol! Cause I don't know what to make of these charts either...!

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@ace108 · May 7 '17

These chart are not very good to spot anything because it's not having the good information for technical charts.

👍 inphiknit

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1 reply

@inphiknit · May 7 '17 (edited)

Made a call and must go out for a couple hours. So thanks in advance to anyone who answers.

 :)

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@screenname · May 7 '17

Re: How can this price possibly hold? 🌀

<p>This post has been ranked within the top 50 most undervalued posts in the first half of May 07. We estimate that this post is undervalued by $5.71 as compared to a scenario in which every voter had an equal say.</p> 
<p>See the full rankings and details in <a href="https://steemit.com/curation/@screenname/the-daily-tribune-most-undervalued-posts-of-may-07---part-i">The Daily Tribune: May 07 - Part I</a>. You can also read about some of our methodology, data analysis and technical details in <a href="https://steemit.com/curation/@screenname/introducing-the-daily-tribune-most-undervalued-posts-of-nov-04---part-i">our initial post</a>.</p>
<p>If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.</p>

👍 inphiknit

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@tradz · May 7 '17

$0.02

I dnt knw but STEEM is $0.51 on CoinMarketCap :0  
$.28@Steemit ;)

👍 inphiknit

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@inphiknit · May 7 '17

That's 0.51 USD per STEEM on Coinmarket, and 0.28 SBD per STEEM though right?

👍 inphiknit, tradz

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@tradz · May 7 '17 (edited)

@inphiknit
No, it was $.028cents per STEEM when I had wrote but now @steemit rate is $0.30  You will see different rates on different exchanges thus giving an arbitrage opportunity, profiting off the difference ;)
But obviously we can't buy 0ff of Coinmarketcap but this can lead us to knowing where price is headed ;)

👍 inphiknit

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1 reply