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RE: What Triggered The Cryptocurrency Bloodbath? - Crypto Lark Interview
The issue is more than just cryptocurrency. It's also an issue with STEEM. The last two months have been absolutely disastrous for STEEM and it coincided with the news that FB was exploring entering the blockchain for social media. Before that STEEM enjoyed a period of out-performance in January and early February.
I have raised about the specific issues with STEEM in every of my post and to no avail. Meanwhile, the whales keep on reaping all the STEEMs issued daily while not realizing they live and die by enriching the entire ecosystem. They are welcomed to continue to publish their TRAVEL WITH ME @sweetssj or WHICH COIN IS GOING TO GO UP NEXT @haejin.
Yes, and also the specific STEEM issue with Poloniex wallets for STEEM in maintenance over a month now. That's why it keeps leading the price down. If you look at coinmarketcap markets tab you'll see the price on Poloniex for STEEM is always .10-.20 lower than on any other exchange. Then a few hours later the other exchanges follow that price lower. There is no necessary bottom if Poloniex doesn't fix its STEEM wallets, because everyone is looking for the greater fool right now. Everyone holding STEEM on there eventually realizes they can't withdraw it, so tries to sell it for whatever of their initial investment they can recoup. Where does that end?