for the past year I bought bitcoin only to buy steem and power up. It seems that so far if bitcoin goes up then steem goes down. Do you think in the future Steem can detach itself from bitoin??
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for the past year I bought bitcoin only to buy steem and power up. It seems that so far if bitcoin goes up then steem goes down. Do you think in the future Steem can detach itself from bitoin??
It never was attached. You merely have to use Bitcoin as a vehicle to sell or buy your Steem. It is like having to change Euros for Dollars when going to another country and selling the Dollars before returning to Europe. The best option is to find a way to earn Steem that you can sell for Bitcoin in the future or other Cryptos.
I know. but most of the time people talk about Steem price in bitcoin unit, less so in dollar terms. Maybe you are right... I should diversify a little bit. Thanks for sharing!
I think bitcoin like USD in fiat currency world. However, when cryptocurrency is more mature, you will have many choices to use your Steem.