Why Steem price is going down and down? Will you stay in steem if price stay same in 2019?

in #steem7 years ago

View this answer on Musing.io

It's not just Steem that's down.  Every cryptocurrency is down versus a year ago. And not only that, so is the stock market.  The New York Stock Exchange just had its worst December since 1931.  And 2018 was the worst year overall since 2018.  So while Steem might seem like it's been hit hard, it's not the only one.

As for whether or not I'll be sticking around, absolutely!  Actually, now is the time to be accumulating Steem, while values are low.  Back around Thanksgiving, I bought $100 worth of Litecoin at $24/LTC.  Since then, it's gone back up to around $33/LTC, a nice little profit if I were to cash out now!  I'm likely going to wait until I can at least double my investment.  But you see my point.  Buying/accumulating while values are low is the smarter business decision.  Then you just ride the wave and profit from your efforts!

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