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RE: $STEEM/BTC Daily Poloniex+Bittrex Technical Analysis Update #16 "Let's see what you got!" Aug 15, 2016
The prices keep going back and forth every day ... Do you think it's good for Steemit that so many people are cashing out? And does it have an influence on the price?
Anyhow thanks for the newsworthy post @ozchartart
it does have influence on the price, to be hones i do think its good that people are cashing out, i'd be most happy if i'd see every single one of us cashing out as much as possible in order to test the limits of the market, i repeat once again, even the market is in beta ;)
It influences the market in an inflationary way, we sell steem/SBD on the market for BTC, but in that way we are providing the newcomers with the ability to get their desired amount of steempower