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RE: SBD Price in steady decline - Η τιμή του SBD σε τροχιά σταθερής πτώσης

in #witness-category • 7 years ago

the problem is Poloniex. They have SBD in maintenance for I don't know how long, and people are just panic selling.

Take a look here: https://coinmarketcap.com/currencies/steem-dollars/#markets

Bittrex: $0.94/SBD (I've been monitoring the price on bittrex, as I'm using this exchange, and SBD is sitting around $1)

Poloniex: $0.78/SBD (people panic-sell their SBD, as they want to cash-out)

7 years ago in #witness-category by
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     7 years ago  

    I don't think maintenance should create panic sells although a lot of people don't know what exactly means and start to sell. Usually the coin come back to normal trades after some time .
    The only thing that could cause panic sells is a coin to be delisted in a crypto-exhange platform (happened to poloniex in end of April which made a delist of i think 18 coins) .

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       7 years ago  

      Actually, from what I gather around, poloniex has maintenance mode on SBD for many days (don't know for how long), and people are selling to (hopefully) get out of poloniex.

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