How important BTC prices are for you (steem users)?

in #cryptocurrency5 years ago

View this answer on Musing.io

BTC price has huge impact on the price of other cryptos at least for now. When BTC price rises almost all altcoins price will also rise and vice versa. Being the first and well known cryptocurrency makes BTC price have a significant effect on price movement of the entire market. This has been the case since the beginning of cryptocurrency market.

This price dependence may be reduced or even disappear in the future but there's no guarantee. It's possible that Steem price can moon without influence from BTC price but I don't think that will happen in foreseeable future with BTC market dominance still around ~50% right now. So yeah, BTC price is still important for Steem users in my opinion until the price dependence disappears. 

Sort:  

Thank you so much for sharing this amazing post with us!

Have you heard about Partiko? It’s a really convenient mobile app for Steem! With Partiko, you can easily see what’s going on in the Steem community, make posts and comments (no beneficiary cut forever!), and always stayed connected with your followers via push notification!

Partiko also rewards you with Partiko Points (3000 Partiko Point bonus when you first use it!), and Partiko Points can be converted into Steem tokens. You can earn Partiko Points easily by making posts and comments using Partiko.

We also noticed that your Steem Power is low. We will be very happy to delegate 15 Steem Power to you once you have made a post using Partiko! With more Steem Power, you can make more posts and comments, and earn more rewards!

If that all sounds interesting, you can:

Thank you so much for reading this message!

Congratulations @ucukertz! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 100 comments. Your next target is to reach 200 comments.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

Support SteemitBoard's project! Vote for its witness and get one more award!

Coin Marketplace

STEEM 0.25
TRX 0.11
JST 0.032
BTC 62432.37
ETH 3003.22
USDT 1.00
SBD 3.78