Bitcoin and Steem share the same relationship as most alts share with Bitcoin - that is, sometimes Bitcoin will be a favorite (e.g: Steem lost market share from June til December) and sometimes Steem will be, likely while other alts are (like recently). I would say that certain catalysts, like SMTs, will give Steem a nice pump especially if any "real" websites (when I say "real," I mean with a lot of visitors) adopt it because everyone loves the word "partnership." Honestly I'm quite bullish on Steem in long-run just because it has a working(ish) product and we can actually verify through websites like Alexa & SimilarWeb that it is growing very quickly.
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Awesome reply, thank you very much. I also believe in the Steem system to make new crpyto-social sites, and i think this will really skyrocket pretty soon.