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RE: In Bitcoin terms, Steem is revisiting the lows of March of this year and if it was to revert back to the Bitcoin valuation witnessed in June, then Steem could be +$10.36..!!
I am not sure that there is really a correlation between steem and btc.
Try sharing your theory with those who bought #Steem in March/April/May of this year that there is no correlation between Steem and Bitcoin..!! The only way you can buy #Steem is to buy #Bitcoin. There is a 100% correlation. Stephen
And in the 6 months after that STEEM went down, bitcoin up...hence.
As for the buying of steem with BTC, come on...are you really using that. BTC is a pass through oftentimes.
I take my fiat, buy btc and when it hits, get the steem.
Steem is being shorted. This is very clear by the lack of volume. When their position is reversed this will accelerate at a rapid pace sucking up #Steem as though it was confetti. When it happens, it will be quite something to watch. Stephen