Obviously, when I saw the spike pictured above, I got excited. Then confused, because the value of my account had not increased proportionally. Poloniex still showed a price of $1.72 per SBD. That was after a similar spike some days ago where the same thing happened.
...And now this? Seriously? Pump and dumpers, it has to be. Guess what? They're in a small, exclusive club and we're not in it. They're getting rich by manipulating the market value of a crypto we believe in, and many of us rely upon. What recourse do we have?
Nothing, that's what. Because the crypto market is unregulated. Not that I want it to be regulated mind you, it's just frustrating to watch baboozery like this go down in the plain light of day with fuck all being done to stop it.
Hopefully the actual price of SBD on Poloniex that's relevant to us begins to rise organically, long term, instead of this bipolar up and down rollercoaster of scary uncertainty. If anybody has more information about why this is happening (besides the HitBTC stuff I already know about) then drop that info in the comments.
Stay Cozy!