Steem and SBD flat while BTC is back on rising.
Good evening dear steemians!
Checking mu feeding today I noticed the last posts from @cryptopassion where he do some analysis on Steem and BTC charts. And it perfectly match with what I was noticing by my CoinMarketApp over the last days on the Cellphone.
@cryptopassion posts:
https://steemit.com/bitcoin/@cryptopassion/btc-some-resistance-around-11k
https://steemit.com/steem/@cryptopassion/steem-still-in-flat-mode
It Really let me a bit riddled to see this, couse When BTC was falling it was literally immediate that SBD and Steem together with the majority of the other coins start falling together with it. But now That BTC is apparently back on its rising trending reaching new tops, we don't see the same behavior on Steem and SBD.
I'm sincerely expecting that this might be just a delayed reaction on our coins and that in the following days or even week (s) we shall be recovering some of our market value on Steem and SBD too.
This is just a sharing of thoughts I'm not an expert please do not take investment decisions based only on my posts. Always do your own research!
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Thank you for reading my post!
I'm @andyluy a Brazilian jobless college student, freshman at cryptocurrencies who live in Rio de Janeiro, love to make new friends , travel around the world, having adventures and believe that steemit can help me to gather 20,000 $ to realize my life dream to study in Japan!
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In my own opinion, i believe Steem and SBD will also pick up if the BTC rise is sustained for a while.
Yeah I'm thinking like that too. maybe it's just a matter of waiting BTC start to laterize too in order to investors and traders start looking to our altcoins too. =D
Definitely something of such. Lets keep our arms crossed.
We hope SBD goes up
I was thinking the same thing, it will be nice to see it go back up again. :) Crypto's are like roller coasters, gotta have fun riding them lol
Although I don't myself use Poloniex, the guy explained the reason for the fall in price of STEEM/SBD here, https://steemit.com/bitcoin/@transisto/circle-buying-poloniex-and-why-it-s-making-steem-price-go-down-temporarily. He was saying that Poloniex's SBD and STEEM wallets have been under maintenance for a long time, and for those who want to take their SBD/STEEM out of Poloniex, the only way is to convert them to some other currency. The reason some people would be interested in taking out their funds from Poloniex is because it was acquired by another company, by the name of Circle.
This post has received a 27.07 % upvote from @booster thanks to: @andyluy.
But all of coins are still depending upon BTC .I take a resteem.