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RE: Why STEEM is different and why I'm ALL-IN
I would invest more if I could afford to! All of the coins are down since the news on China's rule against ICOs.
I would invest more if I could afford to! All of the coins are down since the news on China's rule against ICOs.
I don't think the crackdown in China is the only reason they are down. I believe they are down, too, because $5,000 for a Bitcoin that doesn't really do anything is outrageous enough to question the rationale behind its valuation. If it's to effect a private purchase and/or sale of a contraband item, then there are other, cheaper coins around. So I think what we have is a crisis of confidence unfolding.