Welcome to the world of crypto currencies by Dan Larimer... Sucks the lemmings in with an artificial FOMO inducing price spike, then dumps on all the lemmings while touting that Steem/BTS/BTS2.0/Brownies is a great investment. Anyone remember when him and Ned were getting interviewed by a bunch of crypto dbags and most predicted steem to explode? The least optimistic guy thought that maybe it might retrace 25% or so.... That was literally the top and the lemmings have been dumped on by the preminers ever since.

He's done it before and I'm sure steem won't be his last pump and dump. Really its almost a yearly exercise for him. He preys on people that think they are the smartest people in the room... the people who think they are getting in early on some life changing, earth shattering tech. People who think, "wow, once the masses see this tech they will love it and I will be rich and I will be able to tell everyone I discovered this tech first! I'm a visionary just like Elon Musk!".

Remember, you are investing in a platform that pays people to like stuff on the internet. Just think about that once. If something seems to good to be true it probably is. The money isn't created out of thin air. It's sucked from investors pockets under the disguise of safety known as steem power.