You are viewing a single comment's thread from:RE: Daily Steem Stats Report - Saturday, February 10, 2018View the full contextfarah-kamran (45)in #steemit • 7 years ago SBD totally depends on BITCOIN?
Most/all altcoins depend on the value of Bitcoin. Hopefully Steem will be more independent from BTC in the future when we grow bigger!
As a rule the coins move as a group, so when bitcoin drops so do the rest (as an average) its sort of a sector leader. Much like when gold drops in price, so does silver, platinum, palladium and copper.
I think Steem should have a few more coin pairings in addition to BTC/STEEM and STEEM/SBD
Wish there was a STEEM/ETH pairing on Bittrex