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RE: Poloniex: ETH/BTC On a Steep Drop
Great observation on the wannacrypt. Hadn't thought of attributing the recent spike to t.
Great observation on the wannacrypt. Hadn't thought of attributing the recent spike to t.
I've written an article about it, but it didn't gain much momentum, although there was some discussion.
Take a look at WCrypt's distribution - it spiked mid May and now the number of infected computers is slightly going down. What else is going down? Cryptos.
In fact, if there's one crypto I'd trade against, it's Steem. It's perfect - no cap on printing, almost no one is interested in it, because there are few services and people using it and historically it's been really hard to move from rock bottom, regardless of what developers tried.
Etherium might spike a bit, just before the EOS sale, but because of the latter's long distribution period of 341 days (I've written about it just recently), EOS won't have much of an impact on Etherium's price.
To sum up, my expectation is that all cryptos will go downhill from here, with Steem being one of the best contenders - unless there's new ransomware on its way.