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RE: There Is A Floor To The Price Of STEEM
I think the altcoins won't rise till BTC hits an all time high again like in the last bull run. The BTC dominance decreased once it was reached and money moved into the altcoins. Therefore, I think we are a few months away from this and could see more sideways action or downwards for steem and other alts.
Don’t forget, at the time bitcoin transactions were extremely expensive so people had to buy up altcoins like litecoin, monero, ether, dash, ether classic and more ... but if bitcoin transactions stay inexpensive there won’t be as much of a spike for alts
True bitcoin is improving, but I also imagine when bitcoin hits all time highs again, people will see all the cheap alt coins they can make great returns on compared to bitcoin.