Crypto Market Dump - STEEM Price and My Expectations For The Bull Run

The market choose to dump heavily just as we were beginning to believe that we might just be gradually transitioning into the bull market. The good news is that if you have been patiently awaiting for the dip, now is your chance. However, if you are like me and have already purchased all possible dips and lack enough liquidity to purchase any more dips, you should just sit here, fold your hands, and observe the market as I am currently doing. For instances where holding was my only option in the cryptocurrency market, I put my trust in the system, and it paid off. This taught me a very important lesson: only when you are patient on the proper project can you truly benefit from your patience.

I am more worried about STEEM because, unlike other cryptocurrencies, when the market is pumping, it doesn't pump as much as it dumps. Instead, it drops along with the market. We were very happy when bitcoin's price surpassed $32,000 a few months ago and hoped that by now it would be approaching $50,000. Funny how bitcoin below $25,000 is currently causing some concern but Bitcoin beyond $10,000 was a big victory for everyone four years ago. This demonstrates the growth that bitcoin has had over the previous few years.

When the cryptocurrency market crashes, it will always seem devastating, especially if we lack the funding to buy the dips. However, a cryptocurrency dips is always an opportunity to buy more at a lower price if you have the finances to buy the dip. Since there is no funds, the only way out is to wait for a bull run, which would allow us to feel good about our portfolio. True utility assets will always endure bear markets because, as long as they have utility, people will always find a purpose for them, regardless of the state of the market.

We all eagerly await the bull market to watch the value of our assets rise and continue to pump so we can rejoice, even though it feels like the bear market has lasted for an excessively long period.