Bitcoin Rebel Coins. I'm Sorry Father!
There are several reasons why a coin will not follow Bitcoin chart trends.
- It's a new coin with high chances of pump and dump going on.
- Its technology is so different than traditional blockchain such as Ripple XRP which means their market share may also be so different.
- The coin is being used for a purpose other than profit trading, like a real life use case. Therefore, the market represents actual trade movements not influenced by traders seeking profit but by users and merchants who just want to share value.
There are very few cryptocurrencies that achieve the third condition, one of them I believe is STEEM. I can simply argue that the steemit community where content sharing is rewarded with upvotes and profits is a very healthy ecosystem and a Proof of Use that will keep this currency either stable or increase over time. Why? Because it's not backed by trade bets, it's backed by real world value sharing and appreciation by a growing community.
"Sorry father, it's time to grow up and grow away", says STEEM to his father Bitcoin with tears on his cheeks.