Following the much anticipated (and widely hyped) bitcoin fork, I have watched with amazement as both forks have experienced renewed and sustained growth. Yeah, BCH had a hiccup, but it now seems to be steadily headed north.
I have been disappointed watching Steemit while these other currencies skyrocket. We have dropped under a dollar.
Many of you have been around a while. You have seen the dips before. Any thoughts on what is causing this steep drop? Are people powering down to get on on the BCH train? This doesn't look like a classic pump and dump. So I am guessing there is just migration to other currencies with all the hype (and related growth).
I plan to stick it out. But it is disappointing to watch Steem slip into oblivion. Seemingly. Feel free to offer some perspective.