All in on Bitcoin: BTC Thrives While Altcoin Market Tanks | Cryptocoin Spy
The price of Steem has decreased in value of 10% to 36c this morning. Maybe a lot of people buy into Bitcoin position that has increased to over 5500$!
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Of course people are piling back into BTC from altcoins because we just had a really nice "alt-season". A lot of that selling pressure was coming from bots and people who had stop losses in place so it wasnt exactly organic trading that pushed prices down. Expect a slight recovery over the coming days as BTC prices stabilize in the mid $5K zone.
The price seems stable around 5500$ at the moment.
STEEM is very atractive right now
It is but I feel like it still needs a lot more buyers to support the price from falling lower. There are over 100,000,000 liquid STEEM in circulation (about 1/3 of total supply) and that is quite a bit! This allowed sellers to dump onto the markets over the past few days while BTC slowly cannibalizes its children.
You have a good point but Steem will succeed in the long run. :)
It is time to buy more. :)