@dtrade had some interesting post, speculating that the big boys are now entering .... bringing BTC down, and alts even more down (buy).... than, a nice bullrun before the halvening, bringing alts a lot higher (sell) .... make 10 to 100x ....
Just a speculation .... probably there are thousands more factors in the game. Also a lot of Steem specifics.
Haha, if you are long enough in crypto you get sort of immune to all these stories.
I think there is currently 121 million liquid STEEM out there. At 10 cents that's "only" 12,1 million USD. If STEEM is successful in a way I think it will be, that number will be nothing.
I do think we have to wait a little longer though to see the power of RC's but speculation can do a lot before that. I stay invested regardless.
Well more than three years now in my crypto journey, and year and a half with Steem :)
I get your point with the stories, but the fact is that whales moves things around ....
For example with Steem .... why is nobody receiving funds from the SPS .... because of two or three whale votes with 3 to 5 million SP ... not because of 100 dolphins vote.
On the other hand whales go where the users are ... so its like chicken and egg situation :)