Bitcoin Up and Steem Down, why?

in #steemit • 9 years ago

I am confused.

Why is bitcoin going all the way up and right now it has reached a level where very few things go.

Someone told me that if Bitcoin goes up then the prices of Steem will go down and I have been seeing since the last few weeks and the price of Bitcoin is just going up.

I hope some day soon, the price of Steem will go up.

9 years ago in #steemit by
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     9 years ago 

    Steem did take a pretty heavy dip, to the tune of 17% to $0.96. It seems like when bitcoin holders get scared altcoin holders get petrified. At least that was the case with a few of the altcoins: etherium classic and ripple are down about 20%. Take heart altcoin investors!

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       9 years ago 

      Yes, and I am waiting to see when it comes back to normal price.

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         9 years ago 

        Of course the price of Steem will go up. Steem is just a year old. Just give it time.

        https://steemit.com/steem/@jerrybanfield/best-usd25-000-000-investment-for-2018

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           9 years ago 

          @reported has voted on behalf of @minnowpond.
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             9 years ago 

            CME recently announced they were going to start trading Bitcoin futures which has signalled Bitcoin will be a mainstream class asset. This has caused alot of FOMO in the Crypto market and many people to buy bitcoin that don't even know much about it or crypto in general. Also, not enough people know about STEEM yet and there are alot of mixed reviews about the platform.

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               9 years ago 

              Agreed. 10,000 is a magic number as well, I feel, that resonates with the news-hungry consumer.

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