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RE: Another whale SP bullying against a minnow
Hehe, checking their wallets is fun, I just checked ranchorelaxo's wallet. And I'm amazed how spineless people can be.
Do you know anything about lafona user? The guy generated pretty nice amount of STEEM. He has several accounts lafona, lafona-miner, lafona-delegate...
No, don't know anything about lafona, but keep in mind that many of those accounts are part of bid bots. I only try to find accounts that are moving large amounts into exchanges because it gives some insight into how some entities are leaving the platform even if their main account shows no activity to indicate that.
Which accounts do I find interesting? The ones that do transfers of 5 to 10 thousand Steem 2 or 3 times a day, every day.
I also read flauwy's latest post and the most interesting bit came from the section "Entering The Crypto Winter" where he contradicts the post's final conclusion. I've seen this often; when things go wrong, people have a tendency to move their timeline telling themselves that next year will better. He could be right, but I find his insider information much more interesting.
You can read his post here: https://steemit.com/steem/@flauwy/steem-and-the-crypto-winter-i-am-not-going-anywhere
I read the post. Thanks. It's obvious that Steem is in decline. Even ned ninja mined and cached out. Now he is silent for a month.
Looks like inertia also had some beef with haejin, proving my previous statement about how he perceives devs https://busy.org/@inertia/re-aneilpatel-aneilpatel-re-whatsup-re-haejin-re-aneilpatel-response-to-haejin-from-aneilpatel-and-the-swapsteem-team-xbtxcgtu-20190106t212509983z
Wasn't cheetah a flagging whale also? Now it's only a minnow. It transfers regularly to anyx which is a defunct project. anyx transfers large amounts to bittrex which is I presume an exchange. I think this behavior also affects the STEEM price. Obviously there is lots of big players dumping STEEM. Like the day when lights will go off is approaching very fast.
I think the pussycat is owned by patrice. I don't remember cheetah ever flagging, it usually up votes no value and leaves a mssg with a link to original content. Usually cheetah works pretty well, but sometimes the pussycat fails spectacularly; linking to a removed YT video on a post with no video for example.
Yes, bittrex is an exchange as are bitfinex and binance. Much Steem is being transferred to exchanges, but there also is a lot of Steem already stored there. This is where we lose sight of what happens; the Steem can be sold for fiat, or converted to another coin, we simply don't know what, who or when exactly. I wonder if there is a site that can tell us how much Steem is vested versus how much is stored on the exchanges.
According to some, the exchanges is where the market manipulation happens; there is no way to verify if they actually have the Coins they claim they have. If they go by banking rules, they only need 10% in possession to trade 100% so these trades exist in the books only. An argument for such a system is day traders having the ability to react faster; a Bitcion transaction can take the better part of an hour to complete, and in that time the price could have changed. My argument against such a system is that it puts potential price manipulation back into the hands of a 3rd party.
Seems idiotic to me that we can't buy Steem direct, but have to buy BTC first. Why not keep the BTC and skip the extra conversion fee to get Steem? For an investor/speculator the conversion both to and from BTC would be an impediment to owning Steem as it's relatively expensive compared to BTC.