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RE: Why The Drop In The Price Of STEEM Is A Good Thing

in #busy • 5 years ago (edited)

The only relationship between BTC and STEEM is that most of the exchanges have them paired. It seems no surprise then that as BTC increases in value one should expect to get more STEEM for them. A STEEM - fiat pairing may help with that.

5 years ago in #busy by
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     5 years ago 

    here you go...
    https://www.lykke.com/exchange

    there has been a steem USD pairing for a few months but no one uses it and there is no liquidity. Since no one uses it there is also no liquidity... a true chicken/egg thing

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     5 years ago 

    My feeling was that the bottom was around 5275 btc satoshi per STEEM, when buying my Dolphinhood. Did not factor in how BTC's rise would affect STEEM. 😎

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