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RE: Crypt0's VLOG: Steem Dollar = Best Hedge Option During Crypto Market Panic?
I think the crash is a combination of summer cash-outs and the fear of August 1st. But I think that everyone who will hold on strong will be rewarded in the long term.
The coins with a valid use would survive and recover after the drag down, but for most of the coins (there are at least 952 of them) would go permanently down with the bubble brewing.
the opportunities are real as with the risks. We must tread and choose wisely.