This current event called steemfest. Market cap dropped by 24 million instantly and they havent approved accounts that have now been waiting a week and a half. The lack of consistency in approving new steem accounts will hurt steem in the end when mainstream users try to join.
it's only and mostly entirely about bitcoin. all the money is running to bitcoin at the moment due to impending bitcoin hard fork. I'll let you search out those details ;-)
I have no idea. I've not been following closely. But I'd be super surprised if that's the case. There's been some rather strong words around the non-concensus. ...
Regardless, all the money pours out of all the cryptos every time there's a hard fork with Bitcoin. This is the crypto norm. It has nothing to do with the Steemit meeting. Zippo. Zero.
This current event called steemfest. Market cap dropped by 24 million instantly and they havent approved accounts that have now been waiting a week and a half. The lack of consistency in approving new steem accounts will hurt steem in the end when mainstream users try to join.
But why the steemfest caused it to drop?
Parties arent free my friend.
Good point
Im all for parties and good times. I just feel this new account approval inconsistency will limit new comers in the future.
it's only and mostly entirely about bitcoin. all the money is running to bitcoin at the moment due to impending bitcoin hard fork. I'll let you search out those details ;-)
Hmm, also makes sense, although there won't be any hard fork, they said that yesterday, didn't they?
I have no idea. I've not been following closely. But I'd be super surprised if that's the case. There's been some rather strong words around the non-concensus. ...
Regardless, all the money pours out of all the cryptos every time there's a hard fork with Bitcoin. This is the crypto norm. It has nothing to do with the Steemit meeting. Zippo. Zero.
well well they couldn't even get enough consensus for the split. Interesting. Well the coins should all start to level back out again. Time will tell
I just heard somewhere that bch has skyrocketed, adds proof to what you just said