Someone just got ripped off on BTCP!! Ouch!
Pay attention to those prices, friends!
Someone just paid 555 STEEM for the pegged Bitcoin trading pair at a whopping price of $111,172/BTCP!
Repeated again for emphasis: $111,172/BTCP
Obviously this was a case of poor liquidity and a buyer who is not paying attention. So let this be a warning to the rest of us.
Let it also be a opportunity for those looking to make a profit by being market makers for illiquid tokens such as BTCP! Only by having more sellers willing to sell will there be more accurate pricing. While clearly, this was straight up theft, there will always be the opportunity to profit by posting more bids and asks.
I honestly just feel bad for this buyer.