Bitcoin up.. STEEM down by stealthtrader

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bitcoin · @stealthtrader · Oct 22 '16 (edited)

$1.30

Bitcoin up.. STEEM down

https://storage.googleapis.com/steemimgimgs/2016/10/22/chart188f22.jpg

The price of Bitcoin is up right now over $650, but the price of STEEM continues to fall to almost .20 cents!

https://storage.googleapis.com/steemimgimgs/2016/10/22/chart78eb5.jpg

I'm afraid that for now more people are moving _just_ to the most widely used cryptocurrency (Bitcoin) instead of all of the great projects that the crypto world has available right now as well.

I do however think that once Bitcoin does reach a certain price more people will start to become more interested in communities and projects like STEEM.. So let's keep our heads up and keep enjoying the cheap Steem Power :D

👍 riverhead, cryptoctopus, masteryoda, vortac, lukestokes, fyrstikken, mandibil, dwinblood, albertogm, sykochica, stealthtrader, r4fken, gonzo, mindfreak, xer, katharsisdrill, herverisson, anotherjoe, shredlord, cloveandcinnamon, davidbrogan, virtualgrowth, mindhunter, inertia, opmac, stephenkendal, winstonwolfe, michaellamden68, sakr, bigsambucca, proctologic, ahead, streetartgallery, tee-em, debmund, kurtbeil, fortinbuff, escapeamericanow, trendwizard, willybobob, fkinglag, jlufer, raymonjohnstone, zentat, adelja, tychebe, whalepool

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@dwinblood · Oct 22 '16

We need a way to convert STEEM and SBD to spendable currency other than by first converting it to Bitcoin.    Right now Bitcoin keeps being purchased, because it is the intermediary format that needs to be used in order to convert to something spendable.

👍 stealthtrader, opmac

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@mindhunter · Oct 22 '16

A great opportunity to catch the falling knifes like you say.

👍 stealthtrader

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@willybobob · Oct 23 '16

love this platform , great opportunity!!

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