RE: Steem @ $1.07 - Plumbing The Depths of $1 Support At Bittrex Today
I was totally wrong. I thought BTC would fall with the same value of BCC, as happens with a dividend of a stock. I thought Steem would rise because of a supposedly strong network effect. Now, I am just confused. I am a pathologist, and for me the cryptocurrencies seem to me to grow like cancer cells, survival of the fittest. I must correct myself. Darwinianism is actually stated as survival of the fastest adaptable. My investment in Steemit has been a disaster compared to if I put the money into BTC. But, I do like Steemit and I have no use for BTC in my everyday life. So, interesting times indeed. Impossible to predict the next move. Have you read the post Bitcoin Magnificent Sevens by Stan: Seems that LSBTC could be a contender if its get hardforked. Perhaps, LTC could rise to. Who knows...
I, too, would have been much better off sticking with Bitcoin or several other things I wanted to buy earlier...Antshare at $1, Bitcoin Cash at $200, oh well. That's always how it goes.
I figured something similar to you, with BCC being sort of like a stock split.
I don't like most of Stan's weird alt coins. It's nothing like Bitcoin, nobody is going to use it. I don't think BCC is slow enough for it to be needed.
Having said that, haven't looked into it too deeply.