You are viewing a single comment's thread from:
RE: STEEM - Support line tested and broken... :(
Steem almost always shadows Bitcoin and Bitcoin shadows the Stockmarket which is the worlds main source of investment capital, so it's follow the Leader
Steem almost always shadows Bitcoin and Bitcoin shadows the Stockmarket which is the worlds main source of investment capital, so it's follow the Leader
I think you'll find that Bitcoin has outperformed the stock market many times over.
It is going to be interesting to see how a declining stock market plays out in that relationship. People talk of Bitcoin being a store of value. For that to be the case it would need to be resilient, price wise, in the face of declining legacy markets.
well now that they milked the cow until it can't walk anymore, but then leave it alone and it always recuperates and comes back even stronger. 2017 was a transformation year for most crypto-currencies. For the first time since their conception they achieved world wide recognition as form of monetary storage and is now widely accepted almost everywhere even thought it is still relatively unknown to the 40 and over generation, and still looked upon with a critical eye of disbelief in some cases. I think 2018 will be a block buster just wait an see :)