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RE: Is Steem being held back on purpose?
Steem typically is slow to track market movements so it means that it could be possible that during the next bull run surge, traders are looking to follow the pumps through their coins and then sell across into real projects with use case. At some point, the music of case-less coins is going to stop and some people are going to find themselves without a chair.
heh, I like it :)
Held back? I'm not sure. What would be the reason for that?
This evening I'm thinking @freedom is going to convert all his SBD and burn the lot. This would reduce any hold a little :)
Because it lowers price and provides opportunity? What is the point of holding most of the other coins out there? There is at least some point to holding Steem.
That would be interesting to track the results of.
I've got 0.05 SBD. If we convert together perhaps we could explode the market! ;D