SBD hits 34.19 USD per token in HitBTC today
Good Morning Everyone...When I checked the crypto prices early in the morning I was surprised to see that in coinmarketcap the price was showing as 3.24 USD and as the price of SBD take the feed from coinmarketcap, everywhere I can see price of SBD reported as 3.24 but then I checked the various market in coinmarketcap and there I could see the catch. Apart from HitBTC every other exchange is showing the price as 1.8 or 1.9 USD per token but HitBTC is showing now as 17 USD and in the morning it was 34.19 USD.
It made me curious and I thought to put some SBD token in HitBTC exchange, but unfortunately I could not able to so, because they are not allowing any SBD deposit at this moment but their trading is still going on. Can say it a "scam pump". Is the trading which is still going live in HitBTC is for their own people who are manipulating the price of SBD ??
Well, I think so because I have had heard about this type of issues in Poloneix and this time I could see in HitBTC and this was not the case for HitBTC for the first time and if you see the chart it happened earlier also. But my question is who are these people who with just 50000 usd or so making this weird pump which is not real and not for public but I do agree that those people who had some SBD earlier deposited in HitBTC are really the king now, because trading is still going on at such a high price and they have disabled their wallet for quite some time.
Dont get carried away with this fake pump by a shit exchanger like HitBTC
There are people who are saying that it is ideal to put all the money in SBD and will wait for the possible pump in bittrex and other exchange also because this pump from HitBTC will propagate to other exchange.
No...Not at all...Dont do so. Because this is a fake pump. if this was real then they should have had enabled their wallet and allow people to deposit SBD and after that we could believe that this pump will propagate to other exchange too.
I am sure this was a preplanned fake pump by HitBTC and this could be an insider job as well. Because at times to gain the attention of public some shit exchanger like HitBTC does this and public should not get carried away. Please also note that I am not saying SBD will not get pumped up. It may even reach that price in reality in future but whatever going on at this moment in HitBTC is purely fake, so take care of your SBD wisely, do your financial management as per the real news and dont get carried away.
Coinmarketcap should also take note of this fake pump by HitBTC because this is adversely affecting the feed price and as the coinmarketcap takes the average of all exchanges, their feed price is getting affected as a result of this. So the best way for coinmarketcap should be to do away with HitBTC and the feed price should always show the average of the real and genuine exchanger and not from the exchanger like HitBTC.
Any comments are most welcome and any views related to the subject matter of this article shall be highly appreciated.
