Post
Topic
Board Altcoin Discussion
Re: How and why Steem failed ?
by
OmegaStarScream
on 27/08/2016, 07:56:26 UTC
At some point, everyone was talking about it, I've even seen people in the introduction section writing how they quit their full-time jobs, etc... just to stay with Steem and now, It's pretty much gone with ~100m $ market cap while It was almost 300m $
Bitcoin too is "pretty much gone", see it used to trade at 1200 USD per coin now it's only 580 USD per coin. No kidding folks, price and marketcap never lie, Bitcoin is so dead I tell ya.


If it increased to 1200 USD then it's pretty much because Willybot from Mt.Gox , even If they wasn't the reason, saying bitcoin is dead based on the marketcap is far from being true as the marketcap is above 9 billion dollar which isn't the case for any other crypto currency.
If we put the price aside and look at the developement ,It also look very promising as the SegWit is coming soon, Lightning network and more...