Steem up 371 Percent! Bow About the Future?
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Hello, wherever you are, I'm @zulqaini feeling very happy because today you can still share something new and useful for all your friends and I really hope that your day will run smoothly as expected. This time I will write my post about steem price increases. At first Tesla had fallen to the highest point of all time, namely the point of 389.61 USD to 343.48 USD now. This is a decrease of up to 11.84 percent, that's the fact. But today it has risen 5.6 percent, Tesla has risen by around ten percent in the past 12 months, from 313 to 343.48. But the price of steem has also dropped from a high of 8.4 USD to 34 cents, in the writing section, Steem has fallen by 96 percent. In fact, in a year Steem fell by 64 percent, very much right? And if we consider 100 cryptocurrency with the largest ship, steem is in the 51st position, precisely in the middle. Because of this many people consider nothing special from steem, not worse than others, it is done close to the average.
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However, on March 12, 2017 Steem rose 371 percent from the lowest position of 7.2172 cents to USD. That is 148 percent per year (in 624 days). Why do great people like hatu and others choose the all-time lows. But why do people like us choose high points at all times. I think, people who choose low points think that USD 8,40 is unrealistic and 0,0722 USD is also not real, so they use average points, 1Y, 6Y, 3Y and like other investments.
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Facts Above Genesis
We all know that a lot of bad news about the USD and the very volatile nature of the cryptos, busy price movements are common in this industry. It is noted that, the history of bitcoin is always full of huge downfalls, which is a tremendous explosion. It's like a small chicken jumping lower, a big cow jumping higher.
After the big bubbles at the end of 2017-early 2018, the losses to them are estimated to be very large. But the cryptos never declared bankruptcy, and closing the business was that easy. I'm sure there must be a time when there will be a new fort, and this can happen and I don't know when it will happen.
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Emergency Fund Storage
Of course, not writing my article to say bitcoin will increasingly fall to its lowest point, I just write it a possibility, and to be aware of it there should be that you don't put all your money in all the crystals so you can decide whether you buy more crypto , or not.
So, big people suggest, don't invest all your money in the same crypto, but design a plan B to get through the winter in crypto.
If I think about the possibility of Steem prices, I have so many unanswered questions. Please, help me in the comments if you know some answers,
Among my questions are:
Is there a method known for calculating (or) the basic value of Steem?
Why does Steem perform poorly in other cryptcurrency? (If yes, that is a question about the comparison method and longer time period.)
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