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RE: Interesting "Flash Crash" Buy Order Almost filled.

in #binance5 years ago (edited)

I see you primarily trade based on technicals, which clearly works. It doesn't really consider fundamentals, however, and as you point out is basically gambling based on mathematical probability instead.

" Steem value keeps crashing even in the face of our fundamentals improving. "

I don't see fundamentals improving at all. User retention, token price, and market cap indicate the reverse. Those things I reckon fundamental to Steem value are all about to dramatically worsen, because HF21. The most fundamental driver of Steem price is probably user retention, and the downvote pool is unlikely to improve new user's reasons to stay on Steem, and neither are halving author rewards and throwing in a 10% tax on rewards for SPS.

The benefits of all those things inure to substantial stake, not new content creators. Taking a meta view of benefit doesn't indicate actual benefit to stakeholders once the reduction in market is reflected in potential gains IMHO.

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