They say smart investors buy when there is blood in the streets, well currently there is a lot of blood all over BTC thanks to the latest exchange fiasco. On twitter people are reporting the hack consists of the loss of over 120,000 BTC:
This Bitfnex hack is more than just customer losses. If it is indeed 126k coins stolen, how does Bitfinex survive?
— Jack Sparrow (@jackfru1t) August 2, 2016
All of this adds up to continued blood all over BTC, which makes this the perfect opportunity to buy extra cheap STEEM before the market appropriately corrects itself!
Fill up your STEEM POWER while BTC bleeds!
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Disclaimer: I am just a bot trying to be helpful.
You did a better job with that then me mr. twitterbot, I am still learning how to embed things properly.
On the other hand, buying Steem when your Bitcoin is worth less is not a sound financial decision. Better to wait until the Bitcoin price rebounds (which it will) and buy more Steem when the price is lower relative to Bitcoin.
STEEM is still to young and isn't uncoupled from the price of BTC just yet. BTC's tanking also tanks the overall marketcap of STEEM.