Some have said Warren Buffett have driven down the Crypto market because of his comment. Even the ICE news and possible institutional investor coming in eventually, have not risen the price. First people have forgotten, Buffet money is not from tech. He was a no show for PC age, internet age and now I can bet you he is likely not in for the crypto age either.
I don't know why people try to get his info on tech things. All due respect to him, but this is not his strength. If don't believe me, they say he didn't go into Microsoft because he doesn't understand it.
Now going back to Bean Cash. We know after all this hog wash news, Bitcoin is coming back up. Bean Cash should bounce back to 120 Satoshi and higher from the current drop to 110 Satoshi.
Why you ask, when Bitcoin goes up, Bean Cash rises, due to the high interest rate. I think some of the stakers are watching to see how high. Of course there is a certain balance to it. It brings new people in because of the wallet interests. Still stakers want to have more coins, so they rebuy at the dip. It's actually a little addictive. Others, that was waiting to sell, probably sell at that special price.
Currently it seems the stop buy price is 111 Satoshi. Some invincible force have decided to stop there and not go below 110 Satoshi. It's interesting how markets tend to decide what is the new stop price. I have not figured it why, accept when it is obvious. For example, when Bean was 70 Satoshi, I was thinking that is so low. Great time to buy. Guess what, it went up. Now we may not see that low of a price again. I hope not. I would have to think even with Bitcoin at 25-50k, people would want to keep Beans for the staking. After all there is still over 40 billion yet to be given out.
I think the test is, if it actually do happen. Say the institution investor do come, say it will start to show by this Fall 2018. Then should see 25k-50k Bitcoin. Then you should see Bean Cash of 15-25 cents or maybe higher. But, as high as Bitcoin goes, so should Bean Cash go. Due to the law of fiat and crypto. I call it this. Law of fiat and crypto is as Bitcoin goes up, the more crypto alcoins take over from fiat currencies.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.