Steem Strong Pushback (Fueled By Postponing SegWit2x?) by dragosroua

steemit · @dragosroua · Nov 9 '17 (edited)

$4.39

Steem Strong Pushback (Fueled By Postponing SegWit2x?)

![Screen Shot 2017-11-09 at 1.30.30 PM.png](https://steemitimages.com/DQmSSAmQdtCWt7q3vgs6a58LZGPvCymHPSFAipWCqdzzUvn/Screen%20Shot%202017-11-09%20at%201.30.30%20PM.png)
***
Since yesterday at around 4:30 PM, STEEM was on a constant rally, growing almost 20% (in less than one day). One strong signal for this may be the postponing of SegWit2X, a potential hardfork that fueled demand for Bitcoin - hence pushing the price up for about 2 weeks.

Coinmarketcap shows a 58.5% Bitcoin domination across the entire crypto spectrum, which may confirm the fact tat money is flowing back to alts from Bitcoin. Two days ago, Bitcoin dominance was 62%, on a total market cap of over $202 billions. 

A simple (and probably very, very inexact) calculus shows that 3.5% of this market cap, or around $7 billions, went "out" from Bitcoin and may flowing back to alts.

Whatever the reasons for this pullback, as always, enjoy it while it lasts.
***
_I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._
<center>
![Dragos Roua](http://dragosroua.com/wp-content/uploads/2014/05/bamf-e1448824881306.png)</center>
***
<center>_You can also vote for me as witness here:
https://steemit.com/~witnesses_</center>
***
_If you're new to Steemit, you may find these articles relevant (that's also part of my witness activity to support new members of the platform)_:
* [Rewards: Were Does The Money Come From?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-rewards-were-does-the-money-come-from)
* [Netiquette: How To Avoid Being A Steem Douche?](https://steemit.com/steem/@dragosroua/steemit-newbie-faq-netiquette-how-to-avoid-being-a-steem-douche)
* [Witnesses: What Are They And Why Should You Care?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-witnesses-what-are-they-and-why-should-you-care)
* [How Can I Mine Steem And What CPU / GPU Power Do I Need For That?](https://steemit.com/steemit/@dragosroua/steemit-newbie-faq-how-can-i-mine-steem-and-what-cpu-gpu-power-do-i-need-for-that)
* [The Beginner Guide To Not Getting Hacked On Steemit](https://steemit.com/steemit/@dragosroua/the-beginner-guide-to-not-getting-hacked-on-steemit)

👍 nanzo-scoop, naturalsoda, dragosroua, trevor.george, zeroknowledge, janusface, gigolo82, decebal2dac, livingfree, dgiors, crowdfundedwhale, teammo, steevc, personz, raluca, ygern, adnanrabbani, davidgermano, choogirl, dbzfan4awhile, calatorulmiop, kyusho, costopher, t-bot, espoem, amazonpricecheck, jamjamfood, teamhumble, kenjiby, mafeeva, blueheaven, mummyimperfect, sky77, hms818, ntony, alexvan, ak2020, justinomora, sqamemal, anna.koch, aismor, barca, blazing, jelocy, elvispandawa, solarcoach, faustofraser, nicole.wagner, claudia.klein, christina.schulz, julia.mueller, sandra.weber, kath.richter, nadine.becker, melanie.fischer, fritz.langen, katja.schroeder, anja.meyer, sabrina.hoffmann, moni.sagenscheid, daniela.schaefer, nina.wolf, angelusmendez, anomaly, and 9 others

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@mdo · Nov 9 '17

Useful, thanks for sharing.
 your post resteemed!

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@nazarwills · Nov 9 '17

Very good. .  Thanks for sharing @dragosroua . .  Steem on. !!

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@justinomora · Nov 9 '17

$0.05

Every time people see a fork, they move funds from Altcoins to Bitcoin, expecting to get some "air money" from the split. Then money flows back. I have seen this behavior twice.

👍 dragosroua, raluca

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@justinomora · Nov 9 '17

$0.05

By the way, your steem.supply is working again.

👍 dragosroua, raluca

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@dragosroua · Nov 9 '17

Thanks, it was a backend issue.

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@adnanrabbani · Nov 9 '17

$0.05

nice post and yes now the bitcoin drama is over and SMT's rumor started so we might see atleast 2$ steem soon.

👍 dragosroua

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@blazing · Nov 9 '17

alt's booming right now after that announcement of segwit 2x

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@mejustandrew · Nov 9 '17

$0.09

Yep, today STEEM reached 1.1$ after a long time. I wonder how much will Bitcoin fall. What do you think?

👍 raluca, dragosroua

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@dragosroua · Nov 9 '17

might be correcting for a while. Hard to tell how much but I think there's still room for going down (and, subsequently, there's still rom for alts to go up).

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@mejustandrew · Nov 9 '17

I agree with you, but I was expecting a fast decrease in price, and it did not... just a few percents by now, which is not that much :) But the alts have just an incredible growth!

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@barca · Nov 9 '17

Steem will be back !!:). Thank you for sharing!

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@hms818 · Nov 9 '17

$0.12

Glad to see Steem back in action ....

👍 hms818, dragosroua, raluca

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voter	rshares	pct
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dragosroua	21,302,299,630	10%
raluca	2,215,204,864	10%

@deanlogic · Nov 9 '17

$0.05

Pull back?

Isn't it a Push?  The price is going higher, not pulling back to a lower value.

👍 dragosroua, raluca

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
dragosroua	0 B		21,319,038,285	10%
raluca	0 B		2,215,204,864	10%

@dragosroua · Nov 9 '17

Makes sense, I was using it in the sense of "getting to a better position" but the first meaning is that one you described.

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@xdark21 · Nov 9 '17

$0.26

It will be interesting to see the btc price will go up or down

👍 good-karma, xdark21, esteemapp, bitcoiner, feruz, socialspace, siavach, meysam, bounties, steempoll, tipping, mysteem

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@trevor.george · Nov 9 '17

$0.05

Right then. Now is the time to go back to your 30 articles on crypto, re-read them so they are fresh in my mind and then go and buy some Bitcoin and alts. 

Time for me to jump into crypto land and start making some money. ;-)

👍 dragosroua, raluca

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properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
dragosroua	0 B		22,537,755,007	10%
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@dragosroua · Nov 9 '17

$0.17

Love the attitude :)

👍 trevor.george

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