Days of 100% pump are back in Cryptocurrency market. Bitcoin forks, some may worthless forks, pumped to 100%. It ushers that crazy days of bull market are back.
It started with BTC, then BTC forks, then major alts. It will flow back to minor alts such as Steem. Some may get insulted by addressing Steem as minor alt. Whatever the utilities of Steem is, price and marketcapwise, Steem is a minor altcoin, period.
As investors, should I say speculators are feeling euphoric, major bullish days are ahead.
The recent pump of BSV and BTG is absurd, since their is nothing fundamentals or technical about them. They are probably, outright scam to lure investors who are looking for alternatives to pricey Bitcoin.
BSV pumped on the conspiracy theory that scammer, Craig Wright may get to private keys of Satohsi Nakamoto's billion dollar BTC stash. A probably fake or unverified court document released recently that Craig has got access to partial (!??) private key. There is another conspiracy theory that Craig with billionaire Calvin Ayre are running a super computer to break passcode of a memory disk that holds the private key of Satoshi Nakamoto.. As said, these are conspiracy theories and whole Bitcoin Satoshi Vision (BSV) is based on hoax and forked by crazy people.
However, it also shows that speculators are crazy again. However, they have to find proper projects with proper fundamentals.
Steem lost most investors due to EOS and 
However, this bullishness will spill to major altocoins and then minor alts. This is a great news for Steem. Though Steem will lag, eventually Steem will match with overall bull market.
Why?
There are lots of investors out there who want to return to cryptocurrencies. They will do their own research rather than fall to conspiracy theories and fake pumps. They will find Steem due to its merit. Steem is already top in the search engine though having low marketcap which is a good news.
Disclaimer: This opinion is not a financial advice, it my personal perspective and opinion. Please seek professionals for financial decisions. This opinion is only for educational purpose.
Image sources: Most images are open sourced (e.g. Pixabay, Wikimedia etc.) with Creative common license. Some images are used with due courtesy to respected owners.
Thanks for reading.
Cryptominer , occasional trader and tech blogger since 2013
