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RE: STEEM PRICE WARNING

in #markets8 years ago

Even though the price has skyrocketed and volume is very low, over 97% of Steem are locked up in Steem Power. Even if people power down, they get just a fraction of their Steem each week (1/104).

So yes, be very wary of huge price spikes. It just takes one person with a lot of Steem to tank the price with such low volume. However most Steem are locked up in the network as of right now.

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1% of 100M is 1M, which could multiply the amount for sale.