So i bought more. Could be the dumbest thing i've done in crypto but as the expression goes, 'buy when there's blood on the streets'.
I remember when we were a top 15 coin two years ago and for the longest time, we were hanging around the top 30. Now we're nowhere in sight at 59. Augur which doesn't do much is in the 30s and even crappy porn coin Verge is valued more. What gives?
I haven't been following the news on the latest steemit competitor but it does sound like some users are hedging their bets with it. Maybe that's the smart play. Be a new entrant and stake your turf then when things have settled down over there, take some stake back to steemit.
There might be some truth to this. Unlike Steem, EOS isn't flat-lining at all-time lows.
Do you know another possible reason for the steem depression? If anything, i'd have thought there'd me more optimism around the coin now that there are more dApps being built on top of it and with the token exchange and everything.
