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RE: STEEM Is A Powder Keg Ready To Explode
One thing I noticed is that with so many applications appearing and projects looking for support, there is not enough STEEM to go around.
This is really key. Over 70% of all Steem is in the form of non-tradeable Steem Power. Random Crypto Daytrader looks at the stats on coinmarketcap.com, sees 253 million, and does not yet realize that less than a third of that is liquid.
Very true @preparedwombat.
It is one of the genius moves on this blockchain. Having STEEM locked up as an "investment" in the platform means that 2/3 of the tokens will take 13 weeks to totally liquidate.
Word will get out soon enough. Even added another exchange where STEEM is now traded in USDT not just BTC or ETH.