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RE: Time for celebration! STEEM is its own animal. It is not tied to Bitcoin price. STEEM IS A SAFE INVESTMENT
Fully agree - even though it is down ~5% now, when you look at the chart, it is just a slow decline down versus the precipitous drops others are seeing
It bodes well for the next leg up
$25 would be awesome - others are much more bullish
Cheers
A little down is normal. A lot down would mean we're tied to Bitcoin. 5% is tiny. Many coins when Bitcoin drops lose 15% to 20% of their value over the last 7 day period. The steem chart looks quite healthy. That's how I know it is detached from what Bitcoin does. :)
I think this is because Steem generally isn't that much hyped as other coins have been. So the value mainly comes from it's community.
Which could also make Steem more resistant against the 'BTC falling effect'
5% is nothing in crypto