You are viewing a single comment's thread from:
RE: AskSteemit #9: What is going on with SBD's?
Some investors just go blindly on coinmarketcap metrics without thinking AT ALL about the underlying technology or the real use case:
coinmarketcap says: only 3.6 Million units around, with the mention of an asterix (*)
* means: not mineable
Investors be like: oh shit, there won't be more of those, they are super scarce! Let's get them NOW..
(just another tin foil hat theory)
This sound believable. I don't know how traders operate, but do they really buy stuff without even checking out what the coin is like first?