Why devs push STEEM price down? by vi1son

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steem · @vi1son · Aug 27 '16

$0.18

Why devs push STEEM price down?

<a href="https://www.steemimg.com/image/gLs6u"><img src="https://www.steemimg.com/images/2016/08/27/202259m3cca8.jpg" alt="202259m3cca8.jpg" border="0" /></a>

Approximately half a day ago, large buy orders were placed on  the stock exchange. At the current trading volumes this "buy-wall" will stay for a very long time. This puts pressure on the price. And we will go lower and lower, i think.

<a href="https://www.steemimg.com/image/gLHxD"><img src="https://www.steemimg.com/images/2016/08/27/2016-08-27_16-30-2854ada.png" alt="2016-08-27_16-30-2854ada.png" border="0" /></a>
<a href="https://www.steemimg.com/image/gL4KJ"><img src="https://www.steemimg.com/images/2016/08/27/steemit20e70.png" alt="steemit20e70.png" border="0" /></a>

Why do devs want to buy such huge amount of SBD? They want to reduce the amount of SBD in circulation? They want everyone to be able to buy cheap STEEM? It's unknown.

<a href="https://www.steemimg.com/image/gLlhl"><img src="https://www.steemimg.com/images/2016/08/27/2016-08-27_16-37-26f0378.png" alt="2016-08-27_16-37-26f0378.png" border="0" /></a>

👍 killerstorm, oaldamster, celebr1ty, everythink, plasticfuzzy, cian.dafe, summonerrk, dennygalindo, t3ran13, bola, vi1son, sompitonov, steem1653, pakisnxt, grumlin, kosimoos, benjamin.still, kenjiby, greatness, steemswede, lighter, dobermansden, goodtime, badman, boooya, sunnyd, masterp, jayc, lilwayne, blackchyna, snoopdog, tyga, macklemore, post-successful, doggnostic, jenny-talls, alina1

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@bola · Aug 27 '16

You made some good points.... @vi1son

👍 vi1son, dobermansden, boooya, sunnyd

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@dennygalindo · Aug 27 '16

When you send money in (Eth or btc) I think you buy at internal market rate. It means you get ripped off when there are a lot of new users. Perhaps they are preparing for an influx of new users and don't want them to get a bad price when they first join.

👍 vi1son

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@vi1son · Aug 28 '16

I think it is not necessary to adjust the price, the market will decide what price should be.

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@killerstorm · Aug 27 '16

Interesting. I think devs owe us an explanation.

👍 vi1son

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@ntomaino · Sep 13 '16

i think you owe me an explanation for downvoting my comment for no good reason

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@vi1son · Aug 28 '16

Yes, but most likely they will not do it.

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@pakisnxt · Aug 27 '16

Who says that these walls will not move? I see it more of try to stabilize the steam dollar. But will have to wait and see.

👍 vi1son

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@sompitonov · Aug 27 '16

I want to continue the investigation!

<a href="https://www.steemimg.com/image/gwXrE"><img src="https://www.steemimg.com/images/2016/08/27/giphy43c7b.gif" alt="giphy43c7b.gif" border="0"></a>

👍 vi1son

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@steampunkpowered · Aug 27 '16

Its probably ressources that they will use for campaign ads, update the platform and so on

👍 vi1son

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@vi1son · Aug 28 '16

Maybe.

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@summonerrk · Aug 27 '16

Nice analytical point of view. 
I will wait for new analysis )

👍 vi1son

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