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RE: One Third Of All STEEM Is Traded For Fiat, Not Bitcoin - A Potential Decoupling Of The Asset From BTC
I strongly disagree with any "decoupling story" I hear. If anything, its will decouple from fiat as bitcoin adoption rises.
You could say that, sooner or later, all cryptos will decouple from fiat, because fiat value will spiral down. I'm talking just about the current context, in which a significant amount of STEEM suply, namely a third, is traded on other pairs than BTC / ETH. This is decoupling, since you can clearly see that tokens traded mostly in BTC / ETH are going up and down with them, whereas STEEM has a bigger inertia.
June '17, Jan '18 and recent small alt jump show heavy correlation. Im not sure I believe you :)