Depends how you look at it and what you think might happen. If Steem goes to ATH from here at some point it is 17x, if BTC goes there it is 5x. If BTC goes 10x to 40k, does steem stop at 8 dollars or will it track up to 16 and go 34 times?
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Think I will just diversify my funds. A bit here a bit there....
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Not a bad way to go, especially if you can get into something before it pumps that times with something else you want falling back.