Nicely done putting the state of steem into perspective. It's easy to look at bitcoin going up and Steem going down as being ominous until I look at the other alt coins and see most of them moving the same way.. down.
Nicely done putting the state of steem into perspective. It's easy to look at bitcoin going up and Steem going down as being ominous until I look at the other alt coins and see most of them moving the same way.. down.
Optimism is alright, but realism is important, too: STEEM is currently at rank 61 at CoinMarketCap, so it seems it was moving somewhat 'faster' than other altcoins. Let's hope for better times.
That is true @shadowpub.
There is a lot of evidence that things move together. Either alt coins are following Bitcoin or moving against it. Either way, the alts tend to go as one unit.
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If altcoins are moving 'together', how do you explain that STEEM is nowadays ranked 61th at CoinMarketCap?
You mentioned the "rose colored glasses", and I wonder who is the one wearing them. :)
If I wouldn't like STEEM I wasn't here anymore, but as an investor I see no reason to be happy about the fact that the STEEM price is getting lower and lower. Let's hope for better times.