STEEM Deposits are working on Binance.
Hopefully this is a sign that STEEM withdrawal will be back on line too.
18 days ago, Binance STEEM wallets went down for deposits and withdrawals. This is because their STEEM node went down. It is suspected that Binance just needed to get the latest software loaded and re-synchronized, That changed a day ago. STEEM wallets have been active for deposit. There plenty of people transferring STEEM to Binance.
Be careful though. Binance Withdrawal is still disabled.
Please remember to VOTE and ReSteem
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For a breakdown of how Steemit Rewards system works:
For a breakdown of Steemit Keys:
https://steemit.com/life/@socky/do-you-understand-your-steemit-key
For a breakdown of why Steem Power is Important:
https://steemit.com/steemit/@socky/why-is-steem-power-important-beginners-read
That might be the one of the reasons for the dumping of steemit coin.
https://steemit.com/bitcoin/@saif270/samsung-accepts-cryptocurrency-as-payment
I saw the STEEM dump. My theory is that people were waiting to deposit Steem so that they can sell. When their deposit went through, they sold. This perhaps triggered bot trading. Price of Steem for a very short time touched about $0.73 but bounced right back.
Oh my goodness, where did you see this price drop @socky? I would have bought 10000 STEEM if they are available at $0.73.
On Binance. I think it was too short to buy and to little volume.
I bought some on Binance the other day and I didn't even realize the wallet was in maintenance, so I had to sell it back and get BTC, then transfer that to Bittrex in order to get some Steem. I hope it's back up soon! It seemed like Poloniex getting theirs back up helped.
Considering how sensitive STEEM nodes going down on exchanges, the more exchanges that list STEEM, the better.
I agree 105%!
If you are interested, I have a bounty for a witness if any of them get STEEM or SBD listed on a major exchange. We vote the witness that gets the job done. Witness vote doesn’t cost us anything and we don’t vote until they accomplish the challenge. Check out my blog for the daily bounty.
Great!
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Thank for stopping by my post yesterday to clarify some facts about Binance's STEEM wallet being suspended. Your explanation helped me a great deal. I have followed you to keep up with these types of news since you seem to really be on top of it. I appreciate your help.
Thank you. I followed you too.