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RE: Binance to purchase coinmarketcap.com, good news or bad news?
Off-topic question.
Why'd you power up 4000 coins yesterday?
You showed up on @penguinpablo's list as the third largest powerup yesterday.
I'm planning on keeping around 200k sp on here to see what happens...
There may be a pump or two left in this thing.
Fair enough.
I could see that happening.
However, with JSun continuing the censorship spree,
on top of giving bribes/delegations to users who aren't good for the platform,
and a return of all the reward pool abusers...
I just can't imagine Steem outperforming Bitcoin.
Millions of coins are being dumped on the market,
and the price is being supported via buying pressure.
However, I'm wracking my brain trying to figure out who has incentive to buy.
The only person I can think of is Justin Sun himself.
Even the users he supports make it very clear they just want to farm the reward pool.
As if their are infinite rewards to be had without bringing value...
Still Justin is the master of pump/dump so there is that.
If he's not dumping he expects a pump.
In order to farm more from the reward pool, you need more sp. Farming alone can drive some demand for steem. How much remains to be seen, but the more stake, the more you make. Greed may drive some demand...