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RE: Increasing block size, thoughts on SBD/STEEM, farewell Steemit.chat

in #witness-update7 years ago

It will continue it's downward trend, assuming that the crypto mafia doesn't turn it into a pump and dump coin. That's a big if, of course, and it may well be that they decide to pump it once again. This has happened two or three times throughout history. However, pumps-and-dumps are temporary, and once the mafia has made their money off ignorant traders, in the long term it'll always tend towards USD 1. Unless a hardfork changes how SBDs are printed, of course.

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Thanks for the respond and the above information really appreciate it, now have a clear version of it, the first pump I think was back in 2016 from the chart I saw, it climbed to 22usd instantly but didn't stay for 1min before falling down and I assume the second will be what we experienced late last year

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