$5.78 -2.74%
EOS · 10w

ram speculators are giving up on ram price increase and shorting eos

Of course this is only speculation on my part, but i believe ram speculators are trying to reduce the price of eos so they can get out of their upside down ram bets. If the price of eos is cheaper then when they convert ram back to eos they will get more tokens with a cheaper eos price. I believe this is why you are seeing massive sell orders and price drops. It's pure manipulation. This will be temporary in my opinion. ram speculation has seen its day and several whales bought at .7. They will never get out whole unless the price of eos drops dramatically. edit: after debating with brent12345 i think my logic is wrong. At the end of the day ram is traded in eos, so, .5 eos is .5 eos regardless of the price. I haven't been wrong in a long time, if ever; ask my wife! : 0 but i'm wrong here.
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