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

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

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valth (68)in #steemit • 7 years ago

He is saying that the price of Steem is kind of independent from Bitcoin compared to most other cryptos.

7 years ago in #steemit by valth (68)

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abdulmanan (67) 7 years ago

So variation in bitcoin price will not effect steem price much?

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valth (68) 7 years ago

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.

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