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RE: Market Snapshot - Day Eighteen
I think a lot has to do with the futures market, as a lot of contracts expired yet. Just another hiccup in the path. A few days and everything should make a full recovery. Let’s hope steem does more than just recover and climbs up into the double digit zone
care to explain more about that?
the first futures contracts expired yesterday and people who may have taken short positions would've been on the hook if bitcoin kept going up. Sell their bitcoin for profits while simultaneously lowering the price to make money off their short positions. Just a theory, but one I have seen floated around
Thanks for the explanation. Still far fetched, as the volume on the futures contracts is insignificant, atm.
Agreed, just a bunch of FUD