Bitcoin went down hard, probably some manipulation going on which is to be expected, the thing is will it go up or down from here? OK in the long run I still think Bitcoin will be on the up and at years end we will have a record price for it, of course maybe other factors could come out that will influence the price either way.
Now what I find funny is that when Bitcoin goes up, Steem is one of the coins that doesn't follow the trend, it remains horizontal but when Bitcoin drops Steem drops even at a faster rate. I mean at this rate if Bitcoin should have a terrible dump and go down to $5,000.00 I think that Steem could just disappear. This just shows that the decentralization bit in crypto is at least a little over stated, somebody still holds the threads.
