You are viewing a single comment's thread from:
RE: STEEM and the $1.00 USD Psychological Level
The DDOS attack on steemit is having the desired effect and weighing sentiment badly IMHO. Sharp bounce off key support is encouraging though.
The DDOS attack on steemit is having the desired effect and weighing sentiment badly IMHO. Sharp bounce off key support is encouraging though.
I'm not convinced that they are correlated.
But yes, strong levels are strong levels :)
I am absolutely convinced the DDOS attack added to selling pressure on STEEM. For many of those using and investing in the platform it showed a vulnerability - even if it was just a cosmetic one.
I personally am surprised steemit didn't have protection against DDOS and if they are the ones driving development then it may deserve a vote of no confidence from the market.
I'm not convinved they are correlated either as just the website was effected.
People were still able to access the blockchain post, comment, and do whatever they needed to do through other avenues.
To me this just goes to show how robust steem and the blockchain is that even when the site goes down steem and steemit are still full "steem" ahead.