To me the only "effective" way to "trade" BTC would be to convert to dollars at highs and convert dollars to BTC at tradable lows. Since ALL other cryptos (cept the flavor of the week that jumps 50%+ in 1 week like Litecoin did recently) follow the path of BTC you just end up losing your gain in the price of STEEM. If you sold the recent BTC high at $4500+ and converted to STEEM you paid close to 1.50...now STEEM is at sub $1. BTC down much less. I'd rather pay the small tax on the big gain by converting to dollars. What am I missing?
RE: important BTC update 21.09.17 - why you should hope for a fast freefall