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RE: Steem is below $1, Is it the right time to buy Steem? No! here's the reason
The whole crypto is in cringe mode right now.
In such moments (also, in exponential risings ) the projects are not vallued rational and the price is driven by fear. Emotions instead of rational thinking.
Don't expect the "correct" price to happen in these moments because it simply won't. Better protect yourself in the comings weeks and hit the low in autumn/ winter.
I don't think we need to wait that long. Market is proved to be much more fast paced that that.