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RE: How - And To What Extent - The Bitcoin Correction Affected STEEM?
You know I notice the same, but I dare to say that you are forgetting to consider SBD for the calculations too, even though Steem drop was less, I think it was because of the presence of SBD and SP.
It will be nice to see how those two were affected by the drop in prices.
SBD plays an important role in this equation, I agree, but I don't think I know how to weigh it.
Haha yeah me neither, i don't know how all the pieces fit together, but at least we agreed that they affected each other some how.
But what I know is that the SBD prices took a deeper dive compare to Steem, actually, I am very surprised that the decoupling between SBD and Steem, when I saw the prices fall I was sure Steem will plumed too, but nothing of that sort (end of the world) happen.
Now I am very interested in what the future holds for us.
re: SBD / STEEM decoupling, the price feed bias set by witnesses which resulted in an increased supply of SBD may have had an impact on this.