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RE: BCH Forks, and the world did not end
Haha, well it looks like the crypto markets did, judging by the price action last few days.
Haha, well it looks like the crypto markets did, judging by the price action last few days.
How do you know that the drop is not due to Ned selling his Steem for Bitcoin, and then selling his Bitcoin for dollars to fund his next whim, or at least expecting him to do so and frontrunning him in pricing?
For several reasons:
Number 1, Ned's steem is only worth about a million dollars, which is tiny compared to the billions that move in the crypto markets every single day. Literally tiny.
Secondly, steem has been moving pretty much with the rest of the market. It has been around 40th place on coinmarketcap and it remains there now.
If steem was falling due to a whale dumping it, you would see steem dropping on the coinmarketcap list as it would fall harder in relation to everything else.
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Few rich whales,trying to push bch adoption,and become rich even more.
Fuck bch.