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RE: It could get really ugly for Steem and SBD as BTC continues to show weakness in the face of Bullish news--> Steem at USD 1.15 (Bias basis) and SBD USD 0.75
The lack of bounce in BTC and ETH is really amazing. Everyone bought the dip and is out of cash. I think the predictions of a year long consolidation is looking like a reality.
Well we could see some capitulation here and there with a few project, the problem with Steem, there isn't buyers, so it could fold anytime one of these large stake liquidates, its not like they would lose because they know, they would get it at a cheaper price because Steem moves slow....You would know when things change around for the market, when folks are afraid to sell because they could potentially pay higher prices--> that would mean a reversal is on the way