Steem dollars dipped a little bit yesterday as the markets started to look a little more bullish again over $420 billion. But this morning markets were down to $380 - a 9% decrease in one night.
But remember, the last week the market has added over $100 billion - largely into Bitcoin. As we saw a high of almost $20,000USD people were speculating if it was a pump to short Bitcoin once the future trading markets were up and running. Personally I think it was a test, to see how fast and hard Bitcoin can be pumped.
And as I've argued before, and I think the test (if there was one) showed that the Bitcoin market is illiquid and incredibly undervalued. There is A LOT of money waiting and wanting to get into Bitcoin and with the institutional money coming in right now we could very possibly see totally different prices.
Steem dollar
Some argue that Steem dollar is being pumped on Korean exchanges by people not realizing what it is and people just looking at it's low price. I personally think it's strange that Steem Dollar was listed and able to be bought by Fiat - and not Steem. But it is what it is. Right now it seems to go the opposite way of the market - and while Steem is falling pretty heavy, Steem Dollar is back up over $7 after dipping below $5,50 yesterday. This "pump" or whatever it is, has been lasting very long now..
Also, remember everyone who uses Upvote boosters, I've read people complaining about "bad" payouts. But remember, when you boost your post with let's say 10$ and only get 5$ back, it's because you get back 57% Steem dollar, which is worth 5-6 times more than Steem.
