You can want steem to trade freely as much as you want, but unfortunately it is still a price slave to bitcoin.
Big Brother
The reality is 90% of steem’s price action correlates to what the price of bitcoin is doing. Granted, this holds true for a lot of coins. Especially coins that don’t readily have a USD or stable coin pair, such as steem.
This Looks Familiar
Looking at the daily price chart of steem the last few weeks looks eerily similar to bitcoin’s price action. Given that btc is the lead dog it makes sense. At this time steem is still just
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