You are viewing a single comment's thread from:
RE: BTC vs ETH vs STEEM <<>> LAST 60 DAY PRICE PERFORMANCE
Please why is bitcoin having a hard time?
What alt coin in particular is making people to use it less?
I mean isn't that what drives up its value?
Bitcoin is slow and expensive to trade.... Steem is super fast and free
Hmmn. Okay. However, I will raise my thumbs up for Steem once it could get changed into straight fiat without passing through btc or eth channels
But I guess such level comes with some demerits.
What do I know though. Just a blind crypto rookie trying to understand its ropes.
It's all speculation and people just freaking out for no good reason. Part of that is how the media reports on altcoins - they act like a small fall is a disaster - and that makes people panic. Those panicking people all sell, driving supply up and price down. That is what we are seeing right now. It sucks, but that is what happens with anything people treat like an investment. Just hold on until it goes back up in my opinion.
Okay, this is a good angle. It does really follow some basic rules no matter how crack heady it - crypto - can be.
More supply than demand, price goes downhill. Really nice angle.