Are you still wondering who's in charge out there???
I was messing around a little on Coinmarketcap, checking highs and lows, chart after chart to see if there is still hope...If the bear will finally hibernate....What the hell? We are in the middle of the winter after all...Mainly I was killing my time since I didn't feel like writing anything tonight.
I couldn't help myself but check our beloved STEEM's chart too. I still remember a post from @acidyo a few days back where he stated that he was fortunate enough to buy STEEM at its lowest low, which was almost 22 months back, during mid March 2017.
And indeed, it terms of BTC/STEEM on March 10 2017, STEEM went as low as 5675 Shatoshis, while in terms of USD reached its ultimate low two days later, on the 12th of March when you could buy 1 Steem for 0.069533 $...always according to the graphs. (If I am mistaken please someone correct me.)
So here we are, almost 2 years later with lots of ups and downs in the meantime, and even though STEEM is flirting with its lowest low in terms of BTC/STEEM quite for some time now (was traded at 6660 Sh during December) still, it is sitting at 0.27$. In fact, even if at this very moment, STEEM goes down as low as its lowest low (always in terms of BTC/STEEM speaking) and being traded at 5675 Sh, still its price would be around 0.22$.
And even if as we speak there was a huge pump and reached its highest high at around 60.000 Sh, still its price would be more or less around 2.5$.
Wanna know why? That's why.
Because back in March 2017, BTC was worth 1080$, while now is sitting at 3800$. As you can easily understand, if you want to see STEEM fly high you'd better say a prayer for BTC too...
So...are you still wondering which coin is in charge out there?