At the recent bitcoin bloodbath, Steem declined by a small margin and appears to be delinked from Bitcoin's price moves. Increasingly, we will see Steem hold it's own price levels as more people come on board to the platform as they migrate away from Facebook, YouTube and Twitter.

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well said

Hey @brandonscalera we're working on a project that envisions a crypto ecosystem for the sharing economy and are working on the same lines. We're currently exploring alternate channels which would reduce dependency on third party exchanges.

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The coins that CAN exchange to fiat do. Most alt coins are crap tokens of no value or run on erc20  and therefore are forced to have a correlation to the "border" coins like bitcoin or ether. However XLM, XRP, coins of that like can be exchanged against other currencies by the nature of the technology and are which is why they dont always follow the same trends and also make excellent hedge positions.

Hey brandon - I think it's the same reason governments had such a hard time regulating synthetic cannabis. Every time they declared one, another would pop up to take it's place. With crypto, it's the reverse - they're popping up like mushrooms, but at this stage, it's almost impossible to tell which ones are deadly.
See, in order for your idea to work, the exchange would have to be prepared to purchase your coins for fiat then and there. By funneling it toward one coin, the exchange takes only 1 risk (that bitcoin might drop). If they offered it for every coin, they would take the same risk for every currency offered. 
Further, there is probably massive concerns regarding money laundering, the legitimacy of alt-coins as a whole etc etc. The regulations are murky - policies differ. Legally speaking, it's a cluster-fuck. Everyone wants to get rich, but few are willing to risk the noose in order to get there.

That's an excellent idea! As someone who was planning to invest in altcoins but now has to wait due to the recent cryptocurrency market crash, I'd definitely support exchanges that converted altcoins into fiat. Another solution would be for the crypto community to help share small altcoins with excellent practical uses such as STEEM, BAT, and Siacoin. Right now, most people believe that Bitcoin is the main cryptocurrency and assume that all cryptocurrencies don't have any practical use. Many people also invest based on the opinion of the mainstream instead of researching the market themselves. Spreading the word about altcoins and showing people that Bitcoin is actually one of the weakest of the Top 100 Cryptocurrencies due to its outdated features, use of PoW instead of PoS, and very high transaction fees would also help to solve this problem.

The money, right now, slowly trickles to the other coins. As those altcoins mature new platforms will become available to buy them with fiat. As that happens the ties to btc become weaker. Each coin will begin to represent its function and move on its own (but there will always be a connect). However, shouldn't the overall goal be bye bye fiat? Getting paid in crypto solves that in one shot....but then a lot of people would have to take crypto
....then again. that's all opinion :)

.... GREAT POST!

Look into USDT Tether. The price stays right around $1.00 US. I'm trying to get into it for the very reasons you stated. Their website currently is doing some rework so I am patiently waiting to join them.

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Very helpful

You're so right

I mean how can we expect Steem to hit $150 if bitcoin hits the floor? 

If Steem was beeing bought it would rise in satoshi when bitcoin floored, this is not related. If all BTC was worth 150 dollar , 1 STEEM = 17,000,000 BTC noting strange(simply technicaly impossible :) )
There are already many currencies avaliable to trade DIRECTLY vs fiat, do you see them staying stronger vs bitcoin? Nope...Unrealted.
 
Sometimes BTC goes down, while much else goes up, it simply loses dominance in an stabile market.

Sometimes BTC goes up, everything else down in a stabile market, it gains dominance.

When the market goes up or down(the total cap is what i am refering to) btc and all assests move in the same direction, aslong as dominance is stabile.

So all this comes down to is what moves, market cap vs btc dominance, can´t say its related to the pegging to BTC??..

"We all know that Steem and other altcoins tend to follow Bitcoin, BUT NOT ALWAYS"

Dominance changes, other coins seem more attractive, and vice versa when it goes up.

Nice reflections, could still be an issue.

I think you are right, once the Altcoins become free to convert to fiat without conversion to the Big 4 being Bitcoin, Bitcoin Cash, Litecoin and Ethereum, those Altcoins will become free of that bond.  It is great with those big boys are surging, but they can become an anchor in a bear-ish market.  

Honestly, I think it is going to be hard to break those bonds because so much can revenue can be skimmed via the transaction fees.  Money talks as wise man once said.

You can trade alt with fiat in exchanges in Korea, but those alts are also follows BTC.

Yes you are right,there should be ways to directly convert alt coins to cash

I think through bitcoin, different countries will be equal because there will be one currency.

That's why the bankers just need to control Bitcoin with futures and the  reest of alt coins just follows. Clever central bankers.

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