RE: Will Steem Go Back Up?

You are viewing a single comment's thread from:

Will Steem Go Back Up?

in steem •  6 years ago 

Hey TJ..

Steem and other crypto are mostly traded against bitcoin (as opposed to usd pair)..since most fiat-crypto ramps take BTC as primary path...

So when BTC goes down..everything goes down (in usd value)..we are still in bear market...you should be concerned if BTC breaks out bullish but STEEM doesnt.

TLDR: everything is determined by Bitcoin price which is still not bullish.

steem
6 years ago by

Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

  • Disagreement on rewards
  • Fraud or plagiarism
  • Hate speech or trolling
  • Miscategorized content or spam

Submit
$0.00
    2 votes
    2
    Authors get paid when people like you upvote their post.
    If you enjoyed what you read here, create your account today and start earning FREE STEEM!
    Sort Order:  
  • Trending
    • [-]
      ·  6 years ago 

    Not a crypto expert but this is the explanation that has made the most sense to me..

    Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

    • Disagreement on rewards
    • Fraud or plagiarism
    • Hate speech or trolling
    • Miscategorized content or spam

    Submit
    $0.00
      [-]
        ·  6 years ago 

      I agree with this, Bitcoin is the backbone to most alt coins today. Nothing really happens without either btc, ltc or eth right now.

      Downvoting a post can decrease pending rewards and make it less visible. Common reasons:

      • Disagreement on rewards
      • Fraud or plagiarism
      • Hate speech or trolling
      • Miscategorized content or spam

      Submit
      $0.00
        1 vote