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RE: DaoStreet Ventures: Transparent Silver Markets
Very interesting article. Is there a correlation between the dropping STEEM/SBD price and bitshares?
Very interesting article. Is there a correlation between the dropping STEEM/SBD price and bitshares?
Yes - steem and bitshares (and most other cryptos) share a strong relation with Bitcoin. If BTC goes down in any trading pair then "alt-coins" will tend to decrease as well (often more severely)
That's bad in a kind of way. Thanks anyways.
What makes you say this? Correlation between assets is a natural objective fact, not just in crypto but in all assets - all things are related at some level.
If you want to make money when BTC decreases then there are assets that are less correlated, even negatively correlated (like the topic of this post - silver is unlikely to move significantly in response to BTC price drop).
Hope that helps.
Okay. That makes sense. However, I was hoping that every drop in BTC wouldn't adversely affect other cryptos. Now, my pending payouts keep plummeting towards zero, which is bad.
true - but when price decreases and you hold bitUSD and SBD then you can get even more steem/btc for your value
Yeah that's true. I keep saving up for the better days to come.
What happens to the "existing" Cryptos, when the United States comes out with its own U.S. Crypto-Coin...???
what happens to anything when it faces government competition? it will die or get stronger :)
U.S. Crypto will remain Stable, while all the others will tend to Fluctuate and more than likely be Measured by the U.S. Crypto... I need to do another post on U.S. Crypto-Coinage, even though it doesn't even exist yet...