Are we entering into a crypto recession or is Bitcoin draining all the net money into useless forks?
Steem is now under $1 again and crypto is being banned. At the same time many exciting developments are taking place such as SMT and the future looks bright. I do think Steemit needs to focus a bit more on the user interface and UX of the website as that is lagging a bit but overall the future looks bright. The question is how will Steemit as a community adapt if we enter back into the recession of sub 50 cent Steem?
More than likely these price drops are temporary because of Bitcoin forks being pumped. Of course these Bitcoin forks are the new altcoins and almost all of them will be useless. There might however be that one fork which really forks Bitcoin and people want to stay in Bitcoin so as not to miss out on that or to avoid the risk of being in the wrong fork.
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