# Speculating Bitcoin and how it affects to steem and the soaring bitcoin cash!

[14 hours ago, bitcoin.com release a news about abandoning bitcoin legacy and changing route to bitcoin cash!](https://news.bitcoin.com/bitcoin-cash-surges-businesses-abandon-legacy-btc/)

This is how a news affect a certain drama of bitcoin! I myself love to turn away bitcoin for the main reason of high transaction fees and higly volatile, One news makes the whole value upside down! While it was just yesterday that bitcoin worth $7200, now it plums to $6700!! 

![btc-Steem-SBD-waves.png](https://steemitimages.com/DQmcXpthmVwCWfEnQfXEmYJMmoXTaRhyJa5TfnY6bRHFgpd/btc-Steem-SBD-waves.png)


## Steem Value is based on bitcoin
We all know that steem is in the stage of recovering the value, One reason why steem up and a sudden down is not of the numbers of steem holder selling, but because steem value was based in btc. When bitcoin value suddenly plums so as the steem! Second to that is the numbers of whales player in steemit is turning to bots and lease ther voting power to bots and getting laid! The number of true human  behind whales account are getting laid off. Others are figthing of which is which!

![Screenshot_2017-11-11-13-18-22.png](https://steemitimages.com/DQmWWEtsD1KMxnfFzdZZUhV5iBvQnH1hYBVi2jFUZPiX9Yr/Screenshot_2017-11-11-13-18-22.png)
Data from coinmarket.today

## In the last 24hrs bitcoin cash gain that high percentage confirming the news of some large company rally to change its route!
Actually I have seen this propaganda in fabiokmalso and tweeter about the massive adaption of bitcoin cash and more promotion! And it really works!

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![Screenshot_2017-11-11-13-17-40.png](https://steemitimages.com/DQmd7rKD5HrVoXobB4Jr3sy5S4tcSYKHnbbBEq7kBN2ywmy/Screenshot_2017-11-11-13-17-40.png)
Data from coinmarket.today

## in the last 1 hr today, bitcoin try to regain its value or is it the part of price correction. And we are expecting bitcoin correction

# Still I am wishing that I can convert my Steem Earning directly to php to escape from high transaction fees of bitcoin! I wish coinsph will join steemit!