Are these Forcast for 2019 feasible?
China and the United State have the richest People in the cryptospace, that's not a debate unless anyone could dispute my statement with a proof. In short, the Asian countries dominates the Blockchain in terms of investment, trading and mining.
Social media could attest to this facts, from tweets to trading volumes on several exchanges and to different articles.
Asia have the population advantage and now technological advancement, Putting all this factors into perspective, would it be safe to say Steem could survive this long Bear markets if the Asians pulled out of the Steem Blockchain?
You could see my reasons from the screenshots above right?
If you didn't get the gist, there have been several forecasting and predictions for 2019, the bear market can not last forever hence there is going to be a bull run anytime from now, that is when 2018 runs out.
Now from every predictions Steem seems to come up dead, what constitutes those predictions and forecasts could not be ascertained, but one thing is common to every forecast for Cryptocurrencies that would survive this DIP, every forecast from Seasoned Asian Crypto investors and traders certainly states Steem will be dead before the next Bull Run.
What does this mean and why is this relevant?
Looking at the way Steem Price crashes whenever there is a Bear market, and it never appreciate in price at the same rate that it drops.
The rate at which Steem decay in price is unexplainable, from CMC yesterday while other tokens gained from 2% to about 14% individually, Steem gained bur never reached 30cent. EOS gained massively from $1.98 to approx $2.48.
The truth is, this figures doesn't count as different crypto with their perculiarities, adoption also count I guess, maybe when the one million register users actually gets active and trade with Steem things might change.
In the mean time, this predictions from Asian Crypto gurus seems scary, if the Chinese are planning to ditch Steem, a few forecast coming from them might mean something, hopefully Steemit Inc had seen those tweets and charts and will do everything to keep everyone in the loop, for Steem sake!
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