Bitcoin, Steemit, Ethereum, IT'S ALL 'TRENDING' DOWN, but WHY?!

in #hardfork7 years ago

I'm seeing a lot of people asking about the prices of all the coins, and why they're down trending. Was it the hardfork? Was it status ICO? Was it because it's 120 degrees F in Arizona? Well, let's go over a few things that happened in the last couple of days.

A lot of different factors would contribute to what we're seeing in the bitcoin world, let's look at a few:

  1. Ethereum block chain is dealing with major disruptions caused by ICOs
    status-network.png

  2. Bitcoin has been fluctuating, but has been staying relatively steady.

  3. Steemit's hardfork brought a lot of attention to Steemit, and with attention comes investment. You buy on rumors, you sell on news.

  4. Coinbase.com has been down for a while. This is a major exchange in USA.

  5. GDAD dumped ETH to $40, but immediately rebounded.

There are other factors always, but notably, the hardfork alone did not cause an entire downtrend for the cryptocommunity. PS - watch your steemit price slowly go back up, just don't trade it ... HODL.

Thanks for reading!
@thovre

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