You are viewing a single comment's thread from:
RE: Bitcoin making a run for $3,900!
I disagree. Steem not going with Bitcoin is a good thing. All the alt-coins have been going with Bitcoin. They don't have their own way. Except Steem. Steem isn't going up right this second...but it will follow Bitcoin eventually. The fact that it's not moving in lockstep means it has a large enough following separate of Bitcoin to not just be carried along.
Of course, people would be more excited about this if Bitcoin wasn't going up. But, it's what will allow us to move separately of other cryptos.
I think this would be a good thing if bitcoin were going down and steem was not going with it. The fact that bitcoin and rest of the altcoin market is going up WITHOUT steem is not good in any way shape or form, even factoring in decoupling.
Depends on what it does in the coming days and weeks. It started to go up the other day, and hit the top of the boilinger bands, then returned down. It might hit the mid line and go right back up, expanding the lines enough to shoot up.
It being a few days behind BTC isn't that crucial. I think that might even be a good thing. It's just getting more room to grow.
But, separate of just price, we need to convince people we're worth it. We need more Dapps and better ones. We need to convince the market we're worth it. For some reason, they don't really believe we are. Likely because this place is pretty much a shit show. If we can't do that, and people actually think this place isn't worth investing in, then we'll lag way behind BTC in growth on it's way back up.
Part of the problem is that steem has a higher inflation that just about all the top coins, some significantly higher. If demand stays constant, prices go down with inflation.
And I agree that if was a few days behind BTC it wouldn't be a big deal, but I think that is highly unlikely.
There is less of a reason to buy steem vs. other coins and it has a higher inflation rate than many ahead of it.
Building a couple nice games on here that use steem is a good start, but like you said, we need a lot more. We really need Inc to deliver something considering they have by far the most resources.