Yesterday I posted about the weird stuff happening at HitBTC. The post is trending for hitbtc.
Today I woke up to find that weirdness continues and in fact becomes worse. SBD was trading at $50 and surprisingly the 24 hour volume was also fairly high exceeding $500K much beyond Bitrrex's $116K.
Then I headed to CoinMarketCap feed. It was showing $1.74, which meant it finally dropped HitBTC from its average. At least the CoinMarketCap feed isn't skewed anymore.
Other Steemians have also blogged about this SBD pump at HitBTC.
Who in his right mind would buy SBD for $50 when it's trading at other exchanges at $1.7?
I just don't get it
But then moments ago I saw this post from @socky claiming that HitBTC is definitely not trading SBD. So what is HitBTC trading? I am not a trading expert, but is that even possible? I mean trading a fake currency pretending to be SBD?
Enlighten me please.
And, of course follow, upvote and resteem 😀
The HitBTC pumping has been going on for a few days now, but it hasn't really impacted to any extent the overall SBD price.
CoinMarketCap's decision to exclude HitBTC's SBD trading price at least alleviates the confusion. But can a daily trading volume of over half a million can be ignored?
So many confusion... What is the correct price...!!!
A big difference between Hitbtc and coinmarketcap, Upbot... !!!
Thats really confusional situation..@bitbulls
yes, and thanks for update information about cryptocurrency
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HitBTC is now confirmed a scam, don't bother looking into it anymore.
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STOPHolders of steem and sbd have been holding for more than 6 months and as such is bound to happend and again since no new coin its allowed to enter the Market I think it's been manipulated to by some whales to game the system.