STEEM AND BITCOIN
While I see bitcoin rising day after day, I see steem rate getting down. This makes me terrified.
Image above shows bitcoin's rate today 01/02/17, according to Google.
Image above shows steem rate according to coinmarketcap.
The problem is that steem continue to fall day after day.
It have gone up from $.13
Steem doesn't have a sound economic model.
So, why this happens?
I think that you need to pay more attention to the fact that STEEM has moved slightly up and down in a very narrow range for at least a month. This is more within a normal range for it at this time.
It was only just a few years ago that bitcoin was only $1. STEEM is only just beginning its life.