Way Altcoins price more depend on Bitcoin

in #steemit6 years ago


This is a big question, way Altcoins specially steem coin follows BTC.


I research on this question and what answer I found is not that simple.
steemit1.jpegimage source

But I put my efforts to explain you so let's come stars

1: we can not buy steem coin or sbd directly

A: problem

There is only one cryptocurrency who can exchange with mainstream currency like the dollar or any paper currency is BITCOIN that's way if you want to buy steem first you have to buy BTC and after convert to steem coin from any exchange,

There is one more option offer by some exchange like buy steem coin with your debit or credit card but its very expensive and in research that the same thinge the do on backhand the buy BTC with our card and after convert it in steem that way thy charge conversion % fee from us,

So guys problem we can not buy steem easily.

B: solution


steemit1.jpegimage source

we extremely need a website system like local bitcoin I think its a best idea to give power steem and steem dollar coin,

how can be this possible this is a big question?

I try to find out some answer as a researcher but I m not a coder that way I cannot highlight the technical problem very well but the fundamental,
we see nowadays a large number of coder on steemit and other steem communities but they are only focused on bots or something like that but not providing any efforts to make some system to make coin stronger,
they have to understand if make some software who work in the system but not connect the system to outside world thy only attract the people who already in the community or system,
but not attract any person or investor from outside so
first of all, we need a site who can provide us service to buy and sell steem direct from any mainstream payment system,

(To be continued )

2: we can not buy anything from steem coin or sbd directly

we discuss this problem and its solution on next article

I hope you find this article helpful and interesting
ahsan4

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you could actually buy ETH (ethereum) with fiat.. and exchange it to STEEM. check out Binance coin pairs. you will see that STEEM_ETH pair exists.

so its fiat --> ETH --> STEEM.

yes, you are right but the problem is same we cannot buy steem coin directly from flat currency.
Thank you for reading and reply

nice post friend

Binance is currently the best potential for Steem liquidity that i am aware of. Buy some Binance coin and your conversion cost is cut 50%. Also Stellar Lumens could be a great potential strategic partnership.

Thank you for the reply and show your interest in the article

This post has received a 1.04 % upvote from @drotto thanks to: @ahsan4.

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