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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.
That said, I have no fear that we will see the number you mention...and fairly soon (By April 1 the latest).
I foresee much higher levels on this blockchain. There simply is too much going on. We are in the development stage at this moment. However, once that development results in apps people really start to use (DTube for example) without the bugs, you will see the explosion.
I expect my kiss on the forward by next Christmas.
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