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RE: STEEM CAN DROP BACK TO 0.0001 BTC IN THE FOLLOWING MONTHS - HERE'S WHY
Altcoins are being dumped to take advantage of this 'free cash' BCC. When 1st August hits people may just dump BCC and convert it to fiat or start investing into altcoins as they have dropped down to such low prices at the moment.
That could very well be the case but I'd rather avoid the rumors and possible reasons behind price actions and just stick to the chart and try to read the data and come up with predictions :]