Why devs push STEEM price down?
Approximately half a day ago, large buy orders were placed on the stock exchange. At the current trading volumes this "buy-wall" will stay for a very long time. This puts pressure on the price. And we will go lower and lower, i think.
Why do devs want to buy such huge amount of SBD? They want to reduce the amount of SBD in circulation? They want everyone to be able to buy cheap STEEM? It's unknown.
You made some good points.... @vi1son
Its probably ressources that they will use for campaign ads, update the platform and so on
Maybe.
Who says that these walls will not move? I see it more of try to stabilize the steam dollar. But will have to wait and see.
Interesting. I think devs owe us an explanation.
Yes, but most likely they will not do it.
i think you owe me an explanation for downvoting my comment for no good reason
When you send money in (Eth or btc) I think you buy at internal market rate. It means you get ripped off when there are a lot of new users. Perhaps they are preparing for an influx of new users and don't want them to get a bad price when they first join.
I think it is not necessary to adjust the price, the market will decide what price should be.
Nice analytical point of view.
I will wait for new analysis )
I want to continue the investigation!