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RE: One Third Of All STEEM Is Traded For Fiat, Not Bitcoin - A Potential Decoupling Of The Asset From BTC

in #steemit7 years ago

I agree that STEEM decoupling from Bitcoin, and thus most of the other cryptocurrencies, is a good thing. The more STEEM can, in my opinion, distance itself from the others, the better. I would hope that would help (though not fully yet) insulate it somewhat from the ongoing crypto speculation, and thus produce more of a stable, but growing price for STEEM.

STEEM seems to be dropping for some reason—well, looks like Bitcoin and everything else is too, so it's another general sell off. Sigh. :)