It seems like Poloniex yet again put up that lovely "under maintenance" sign after just putting it down for a few days. It was up for weeks the previous time, and this has happened on multiple occassions. Bittrex was under maintenace too but yet they only need like 1/5th of the time Poloniex needs? (Okay, Polo is a joke but still.. what the hell is going on?)
Steem API is unclear to many devs and I had a developer pretty much give up on a project after some unknown update rendered the programs he was working on unusable. The updates are nice and I'm sure hardfork 20 will make the price rise a considerable bit, also whatever worries we have about Steem's price can be quenched by the nice BTC rise.. but eventually BTC will stabilize after falling a bit. If it goes down and Steem's price remains where it is, or goes down another 5-10%.. then that's worrysome.
What is the reason for the dropping price? The lack of clarity. The amount of traffic to Steemit is rising, so I trust in the community and that's why I am keeping most of my steem. Also it'd be unwise for anybody to power down fully when it's so low. (The only reason I powered down a bit recently was because I needed to get a couple hundred out to pay for an upcoming bill, the rest is staying for the most part.)
I was looking around for quite a while trying to discern what this "maintenance" is or what it requires from the devs. I find a bunch of other posts talking about it, but for some reason my searches have come up blank with what's going on. I look on trending posts and see no one else really addressing this, and yet this is a major concern for probably many. For the long time believers, this is fine as the price will rise. But I hate to say that unlike some, I don't think BTC will hit $100K+ and Steem will go up to like $10 within some unreasonable amount of time. Don't be stuck with your head up in the clouds..
Can anybody link me to some official documentation? Or is this on Polo's part with the price manipulation? Because this obviously creates a chokepoint for those who are trying to buy Steem.
I've been buying on the dips on bittrex lately. I believe in the steemit project so I am hoping that I can accumulate an extra bit of steempower before the next run up. It's been a tough market all around though for alt-coins because the rapid run up in BTC is destabilizing alt-coin values in relation to BTC. I have been doing more trading in ltc and doge base markets on other platforms to minimize the difference in BTC volatility. While I love speculators increasing the BTC value, a stable BTC price makes for better trading opportunities in alt-coins.
I'm not saying this to go against Steemit, I mean I am a believer in it having about 7,000 steem in total. I didn't even sell the Steem I have on Bittrex yet just because I know it can hit the 60s or 70s eventually. But dang.. if we had more clarity I'd really appreciate it
I think that this little hiccup might be a very good buying opportunity for us :) Once its fixed the price of STEEM should shoot back up!
let's hope so!
I'd give up on Poloniex.
Try using Bittrex, Livecoin or HitBTC to buy and sell steem. As long as Polo is the main source of trading and the wallet of closed, steem is stuffed. We really need to ensure the other exchanges gain volume.
I did give up but just because I did, doesn't mean most won't. It still has a large portion of Steem traded and that's worrysome
@avilsd Kubera Website Development #3 is out go check it out!
LINK
hey buddy. @elfsplice has some theories concerning the maintenance. TL;DR he says the code of Steemit is hard to handle for many exchange sites so they drop/disable Steem.
The Steem devs claim @elfspice is just spreading FUD and their is nothing true about it.... Yeah the lack of clarity truly is a problem.
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STOPThanks for letting me know
Now is close to 4k the BTC, it's insane the market.
Went up to $4200! insane
Google Trend charts from past 12 months:
Bitcoin, Litcoin | Steemit, Myspace | Steemit, Steem
That's what has me staying honestly, the google trends and the numbers growing for users/posts/comments etc.
I agree with everything you are saying. I think a major issue holding steem back is the hoops you have to jump through to actually buy steem. A very simple process within the steem world needs to exist for purchasing. It's no problem for people like you and me that understand the crypto world but the average person faces a learning curve.
Take it a step further. In order for BTC to actually one day hit $10K or whatever crazy number, it needs to be simple to buy. Poloniex or Coinbase? GTFO
Well one of the major possible reasons is how the current power down system has a massive influence on the price of steem. I wrote a post a few days about this and am confronting the people involved.
Why they went for 13 weeks is still a mystery to me.
https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes
https://steemit.com/steemit/@oudekaas/why-powering-down-could-end-up-in-shutting-down
I also have been curious about the lack of rise in steem esp. when the market is up to 120 billion!
Yes It does look suspicious, have you any theory on it?
I really don't, although as a new user of the site I found it initially pretty discouraging until I started getting some good stuff in my feed and discounted the idea that I might actually make a little money here lol so I wonder if a lot of new money has left for that reason
Just taking this opportunity to say "THANK YOU FOR FOLLOWING ME"
Live Long and prosper indeed! Do you watch much of the big bang?
This post has received a 0.63 % upvote from @drotto thanks to: @binkley.
Hi @avilsd, My apologies right away, my intent was to try emailing you but I'm still learning at the moment and I don't know a way to contact you directly. I noticed that you voted down a post I made recently pretty heavily. I just started recording my journey pretty recently and I was curious about the down vote. My wish is to avoid causing any issues in the community with anything I decide to share. I generally using steemit in sort of a journal format so I feel its likely I could run into the same issue again and I'd rather avoid it. I just like sharing.
Any advice you could give would be awesome and helpful.
Thank you for your time! :D
Hello, we need that polo resurrect for get ours bitcoin cash pending, and continue making trading with them but with more precaution about the volume of money in btc on the plataform