China sneezes and the entire cryptocurrency market catches a cold. Even the infallible, invincible and super fabulous steem needs a blanket right now.
I have decided to do a little Steem price review every week. I know there are some guys out there that are very professional and all but that is why their own price review will suck to a lot of newbies. So if you want to relax and have a lot less jargons and technical balderdash to worry about, then continue reading.
Let’s head on to coinmarketcap.com right now and look at some boring numbers and lines.
OMG!
Everything is red!
(Red means the price is down, green means the price is up).
If you have been around for awhile now you would agree that this is just another normal day. This would be really good time to accumulate some discounted coins like steem. I can bet that the prices would go up within 48hrs.
Lets take a closer look at our darling Steem and Steem Dollars...
Hmmmm!!!
This totally sucks!
Except for people planning to accumulate some more Steem. Here is your opportunity.
What is responsible for this drop in price?
Could it be the new Chinese regulation on ICO's?
China bans companies from raising money through ICOs, asks local regulators to inspect 60 major platforms.
(CNBC)
Or another market turbulence cause by exchanges refusing withdrawal of Steem.
It turns out that poloniex has not yet enabled the withdrawal of steem.
What is wrong with those guys?
One More Thing
I can't view my trade history at the Steemit internal market. Why is like that? That's not cool.
Thanks for stopping by. Please leave a comment if you have any questions, criticism, praise, or corrections. I strongly believe that we should pay attention to the price of Steem because we are the users.
Thank you once again.
Sundayselfies contest is my way of showing love and giving back to the community.
It's a weekly selfie contest that opens on Sunday and closes on Saturday.
https://steemit.com/photography/@tojukaka/sundayselfies-contest-2-the-duo
Special thanks to @destinysaid for this badge of awesomeness.
China's sneeze is a strong sneeze. Usually more potent than jong un's missile launch.
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Hmmmm
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The Chinese didn't really do anything bad. They are protecting their citizen from scams. You would agree with me that they've been series of scams on ICOs as it is a regulated market. Just buy the dip.
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I totally agree
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That's cool.
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You are right. The chinese usually go really big and it can be harmful. So many ponzi schemes has been clamped down in China nowadays.
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That's why I like their government. Though seen as harsh at times, they have the interest of their citizens at heart.
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For the greater good. Haha socialism at its heart.
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You bet :)
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Nice sale today 💪
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very informative and helpful for me :) thank you my friend! I have upvoted you!
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I've always read that period like this where the market is all red is a good time to buy..but the ban on ICOs by the Chinese is what i'm scared of. Does this mean total crash on altcoins? Is there any possibility of a comeback? Truth is the Chinese own the crypto market and they indeed sneeze some real cold.
YAY I WON SOME SBD ON LAST WEEKS SUNDAYSELFIE CONTEST. A BIG THANKS TO YOU. KEEP DOING YOUR GREAT WORK SIR
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Congratulations :)
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A good time to buy👌
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How can one buy into Steem and Steem dollar ???? Thank you.
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That's to say.... It's never a lie that China has the largest trade in the blocktrade system
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