(Photo from johnhain )
Another scary movement of the Crypto king, BITCOIN, dragging the entire market down for a moment.
STEEM has not been an exception, we have again touched the ground...
Surely there are people who think that STEEM could still go lower...but I feel in my guts that we have touched the bottom, at least with respect to the STEEM / BTC pair.
If you still believe in the majestic uprising of BITCOIN, don't you think we should have the same opinion about STEEM?
I am convinced about it.
Remember that BITCOIN and the rest of altcoins are all parts of the same monster, the market.
As in the human body, cryptos try to solve one problem of the ecosystem, if there is no problem or need to be addressed then, there is no necessity of a specific blockchain and thus, some of the crypto projects die or evolve in another thing...
Sometimes I have the feeling that BITCOIN works as the heart and so, STEEM could well be work as the brain of this imaginary monster.
It is a strange idea but for me makes sense....
BITCOIN pumps the ecosystem, STEEM tries to provide a better use-case...
Mankind has demonstrated that Proof-of-Brain is always more powerful and efficient than Proof-of-Work so, let's keep developing, improving and persisting because, soon or later, history will put everything in its place.
I keep going and steem will make it. :)
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Well done man, keep going and engaging!
!BEER
View or trade
BEER.BEERfor you. Enjoy it! Hey @chesatochi, here is a little bit ofI think all crypto will be tied to BTC for a while yet
Sure, BITCOIN is indeed the engine
The only currency I've seen that is not directly tied to BTC, especially during the winter of the recession is BNB.
It now has a competitor: BSV. I don't know who's buying it but if you check the price after the recent drop it's like nothing happened for BSV. Indeed, during the bear market BNB survived quite good.
Agree
Oohhhh I see it too bitcoin the heart and steem the brain. Is a great analogy.
Gridcoin as grey matter, as we're at it ;-)
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