So you are saying Steem is going to compete to BTC on its own?
that what i can understand after reading your post.
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So you are saying Steem is going to compete to BTC on its own?
that what i can understand after reading your post.
He is saying that the price of Steem is kind of independent from Bitcoin compared to most other cryptos.
So variation in bitcoin price will not effect steem price much?
That's right. But keep in mind that only 1/3rd of Steem is traded to fiat, so BTC and other cryptos will still have a lot to say about the price. Just not as much as with other altcoins.