ETH is not really losing that much in the Bitcoin ratio or the percentage of market cap in crypto which for Ethereum is usually around 10%. I think Steem which used to be a top 10 project going all the way down to the bottom levels is a much bigger drop. Ethereum is still in the #2 position.
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Over time, yeah.
Last I checked, the value of what I’ve had in Steem would’ve been worth 10x had I shifted it into BTC over a year ago, nearly 20 times since the peak 18 months ago.
I’d love to see another altcoin bull run where Steem at least recovers somewhat relatively, though aren’t too optimistic...
Even if the price of Steem could get to $1 the ecosystem could probably be sustainable. Now? Now at 20 cents it's not sustainable and it's decreasing. What will happen?
Whales on Steem do not like posts which don't blindly promote Steem. Typical and expected.