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RE: Steemit Hard fork 19 causes markets to crash?

in #steemit7 years ago (edited)

No. Status ICO caused a major disruption in the blockchain, and Steemit is finding a correction.

Edit:
A lot of different factors would contribute to what we're seeing in the bitcoin world.

  1. Ethereum block chain is dealing with major disruptions caused by ICOs
    status-network.png

  2. Bitcoin has been fluctuating, but has been staying relatively steady.

  3. Steemit's hardfork brought a lot of attention to Steemit, and with attention comes investment. You buy on rumors, you sell on news.

  4. Coinbase.com has been down for a while. This is a major exchange in USA.

  5. GDAD dumped ETH to $40, but immediately rebounded.

There are other factors always, but notably, the hardfork alone did not cause an entire downtrend for the cryptocommunity. PS - watch your steemit price slowly go back up, just don't trade it ... HODL.

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I was going to get some steem today !

Not a bad time to! With the new hardfork, it's bringing a lot of attention to steemit. Buy in small portions over a period of time and watch it grow :) Just don't trade or sell it away too fast, you don't want to lose out on money!

Good luck!!

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