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RE: @Steemit Powers Down! - How Do They Plan To Use Those Funds?
There is a strong reason behind this crypto chilling. I was expecting even deeper downs than what we see now.
That strong reason is the crypto exchanges and their capacity issues. Exchanges can't handle the tsunamy of new investors and closed doors for new registraions. It is impossible to open a trading acc on a major exchange that accepts fiat money. And it has been like that for weeks. Even those who are in and tading face serious issues, long processiong times and dropped transaction orders.
You can read more about it on my yesterday's post.
That´s exactly the reason why we are really just at the very beginning of the crypto growth. As long as this market is closed up to a few just like now it´ll not become anywhere close to the peak of a bubble.