Bitcoin Dwindling, Steem?

in #steemit5 years ago

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So recently there have been of news feed in chrome concerning bitcoin crashing again and experts saying the next rise that would result from it would hit the roof and cause bitcoin to reach another milestone in its pricing. But then it got me thinking, bitcoin is more or less the pioneer in cryptocurrencies and it's value is known to have lots of effects on other cryptocurrencies and then also steem kept its cool whiles bitcoin was dropping, as a matter of fact it actually rose during the period. So then how feasible is this theory? Does bitcoin value actually affect the steem value?

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