Thank you for your comment @jazzresin :)
It is somewhat unfortunate for all blockchain technology seems to be resting on the fate of bitcoin.
Definitely yes. Current low price of Steem is only the effect of crisis of bitcoin and ethereum.
To put viable resources to a utility coin is a dangerous proposition in my opinion.
Why is it dangerous? Do you mean that if we put viable resources to a utility it will depend on bitcoin and may fluctuate like it?
All the best,
Jan
Dear @neavvy indeed. At least at this point in time. I am in disbelief that the price of bitcoin is so low. Some people have noted that this is probably due to end of year taxes avoidance but i have a feeling this low price is due to some controlling force aligned with the federal reserve. Crypto has certainly disrupted the fed....to the injury of all the fed is now disrupting cryptocurrency. Just two bits. Intuition only.
Thanks for your reply @jazzresin. Tax avoidance is an interesting hypothesis but consider that this time last year bitcoin had a record-breaking price, so in my opinion this cannot be the main reason of the current dip.
You are right, this is very probable.
Regards,
Jan