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RE: The State of Steem Forum #4 (Steem Economics & Ned Scott) - Thursday 17 January 2019 [recording]

in #dtube6 years ago

Is the comment about @ned as the reason for STEEM price still a joke? Meant to be ironic, hilarious, untrue? I fail to understand the comedic reference to @ned causing a increase in price.

Do you realize that yesterday the total power up was negative? To be precise there was 106K worth more powered down than powered up. Your comment that STEEM price is up due to @ned showing up is completely unfounded. Don't fool yourself. That STEEM is not going to magically show up here and be powered up. The reality is that SEEM is being bought up on exchanges (primarily in Korea) because it is the hot thing to trade right now. That STEEM is not being invested into STEEM system as there is more power down as there is power up. The primary factor for STEEM price is what is happening on exchanges.

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but why would it be hot in Korea? steem is up dramatically while everything else is negative. i surely don't know why

It happens every once in a while. UpBit gets some serious trading volume and drives the price of STEEM and SBD.