Hi scaredycatguide,
I noticed that BTC is down the past 24 hours but Steem and SBD is up....is there real reason for the opposite move?
Normally, I thought Steem and SBD follow the same directions as BTC up till this week....what is going on?
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No coin is perfectly congruent with the price action of BTC each day, on a longer term view most take their direction from BTC but there is not a perfect correlation. Look at EOS as an example right now, ripping.
As for steem, it has a catalyst. Was added to Hoibu exchange yesterday.
Not able trade Steem yet on Hoibu...some are saying it is rumor that Steem is actually added to Hoibu...comment?
Could be a rumor, either way it's a catalyst. "Buy the rumor sell the news" is a long-time mantra in the investment world.
Just to chime in - Here's a screenshot from Huobi's exchange giving notice of Steem trading starting today 28th ..
Awesome @steemmeupscotty (great user name!) Thanks for the confirm!
@hanamana there is your answer sir :-)
No worries 👊