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RE: Meanwhile, Bitcoin Touches on the $4000 Level, And Gently Moves Forward
Steem dropped in value as much as 20% last night even while bitcoin was rising, but it has indeed been going back up today as you said. Last I checked 'a few hours ago' Steem is still at the lowest value compared to btc that it's been since May 7th.
It seems to be much more stable than BTC is right now which is a plus, but I wouldn't doubt a huge crash if BTC does correct in a big way as you've predicted, or even for other reasons like what happened around this time last year to steem.
A correction is not necessarily a crash. The rule of thumb in crypto is that if you hold an asset long enough, it will be worth more than what you invested. Now, it's hard to define long enough, I know...
Oh i agree, a correction is not a crash. My reference to crash was for Steem, crashing based on a big correction of BTC.