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RE: Bitcoin seems unaffected by any bad news!
Bitcoin is not affected because there is no bad news. China is a non story because they arent banning it...they never were. The Chinese government wants to control (read own) the miners and exchanges. That is exactly what they are doing. The other two really dont matter since their percentage of world population and commerce is low compared to the overall.
As for STEEM, if the price doubles, your rewards are halved. All rewards are listed in dollars hence the conversion to SP is half if the price is doubled.
So Steem low is better for faster SP build up?
I misunderstood. Not likely since the rewards pool is set by the algorithm hence is designed to put out a certain number of STEEM out each day. That number does not depend upon price.
However, with the price lower, anything you convert to steem, whether fiat or crypto will get more steem at the lower levels.
Plus you should share in a larger percentage of the rewards pool each day since there are fewer people on here than will be, presumably, down the road.
There is an advantage to being in early.