When I say it can't go much lower, I say that in the context that it is already so low it isn't worth selling already.
While I don't agree with freezing Justin Suns stake, I can't pretend that I was in agreement with his plans to destroy the steem token (which also makes it worthless) and replacing it with a token on his chain, which will make it an untradeable coin for most of us in the US who aren't trying to hide shit from the government. He can say it will be listed on his exchange (poloniex), yet last I checked those of us in the US aren't welcome there (nor at Binance).
As for exchanges, I came into crypto distrusting them and have seen nothing since to make me trust them now. They are thieves who use KYC laws and lack of regulations to do whatever they want, and until such a time as one steps forward who feels honor is something that belongs in the cryptosphere I don't see much in the way of mass adoption as many of us don't like rich assholes deciding they can keep our shit. Screw the exchanges, they have done nothing but prove my distrust is justified.
Even if that was the plan, it hasn't appeared to be the plan for a long time now. It's also entirely possible (likely?) that the new coin had more value than the previous coin, if nothing else it should be a non-event, value wise.
When I say it can't go much lower, I say that in the context that it is already so low it isn't worth selling already.
While I don't agree with freezing Justin Suns stake, I can't pretend that I was in agreement with his plans to destroy the steem token (which also makes it worthless) and replacing it with a token on his chain, which will make it an untradeable coin for most of us in the US who aren't trying to hide shit from the government. He can say it will be listed on his exchange (poloniex), yet last I checked those of us in the US aren't welcome there (nor at Binance).
As for exchanges, I came into crypto distrusting them and have seen nothing since to make me trust them now. They are thieves who use KYC laws and lack of regulations to do whatever they want, and until such a time as one steps forward who feels honor is something that belongs in the cryptosphere I don't see much in the way of mass adoption as many of us don't like rich assholes deciding they can keep our shit. Screw the exchanges, they have done nothing but prove my distrust is justified.
Even if that was the plan, it hasn't appeared to be the plan for a long time now. It's also entirely possible (likely?) that the new coin had more value than the previous coin, if nothing else it should be a non-event, value wise.