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RE: Will Steem and other altcoins ever move out of Bitcoin Shadow?

in #news7 years ago (edited)

Steem seems to me, the Etherium of a mining based coin that 'mines' by delivering content, it has all these others you mention hanging off its backbone, just like Ether has the ERC-20 token contingency. Like the rest of the alt-coins it does tend to fallback when big daddy BitCoin does and likewise increases too.

I have interests and holdings in the stockmarket as well as a seperate cyprto portfolio and for one wish the coins would behave independently like the FTSE, but when this will happen and even if, Im not sure about.

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Good point...however cryptos will give you a better ROI than the stock market

Possibly but my portfolio shows 22% down right now. However I have good expectations for the long run.

To be honest it bothers me a lot less when the crypto markets drops (which means all of it does) than when one of my holdings drops. Cant really explain why.

The main thing is to be sure that you are holding a top coin/ token backed my solid project and team...Hodl is the key as indicated in my former post...I wish you more success