BTC keeps gaining so much value while STEEM loses, why?
BTC went from trading between $3900-$4100 for months up to $4700 in 24 hours around the end of March. It then went up again from $4700 to $5200 shortly after. This was triggered by a group of actual whales (not steem whales, which are actually a joke)
During this craze the majority of BTCs value was gained from people dumping alts to trade to btc out of fear they will miss out. (Triggered by the whales from $3900 - $4700 and why BTC dominance is out of control)
The market has once again been manipulated.
The people who bought from $3900 up to $4700 created fomo. And over the last few weeks this is what you have seen. Retail investors dumping altcoins out of fomo.
Over the next few days or weeks this is what will happen.
The whales that bought from $3900 - $4700 will get the signal to dump BTC, very soon now. BTC will fall back down to $4700-$5200 and during this fall all the alt coins will suffer again.
They manipulated the market by pumping btc and sucked all the funds from alt coins in the process by creating fomo.
The industry is centralized. And it is only getting worse
Binance delisting BTCSV
Bitmain
Neo
Private nodes
Ethereum foundation
You can also see how centralized this platform is as well. 85% of steem is owned by 2% of the accounts. 1% of the 2% is most likely duplicates. It could even less.
The people who made STEEM are the ones who choose how much value a post is worth. Kinda funny how shitty the content is that comes from some of the accounts that get the biggest pay out. Shittier than the majority. Isn't that a coincidence?
They also get bigger payouts downvoting people and copy pasting flag garbage than the actual post they downvote (for similar reasons). This is because they all follow one another and upvote each other for downvoting
That bot shit posts garbage all day and gets upvoted like crazy by bots. That account is farming the reward pool. All that account does is farm itself.
Why doesn't that account get downvoted?
Guess who owns that account?
That's why the account doesnt get flagged and everyone else does for the same thing it does.
Luckily STEEM has hit a threshold where the centralization is so transparent that people are dumping STEEM. This in conjunction with what has happened with the BTC pump recently will result in STEEM reach an all time low.
The rest of this post is for SEO reasons.
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