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RE: Price of Steem and Steem Dollars is Up Above $2.00. What's Going On?
Cryptocurrency markets themselves have been having a hard time. While we hate to think about it we are deeply tied to how flakey BTC has been and the losses it has taken in the short term.
There are some great things coming for Steemit and if BTC will behave everyone should be able to rise again with it very nicely.
Investors don’t like having their money sitting off the table for too long. There have been some light fears here over sliver slippage and tariffs on goods. Which always have investors a little stressed and looking for other places to park their money.
Yes, I agree with you that the behaviour of BTC has not helped steem, since it's the main crypto trading pair for steem. The recent launch of lightening network (LN) should help increase the value of BTC. Regarding investors, once they perceive improved value, they'll invest more to gain more. The fear of 'silver slippage' is a genuine one. Investors need to act fast in order to protect their investments. Thanks for your wonderful contribution and support, @enjar.