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Question answered on Musing.io by rabiujaga

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· @rabiujaga ·
Question answered on Musing.io
<a href="https://musing.io/q/emsonic/fklc5deyw">View this answer on Musing.io</a>
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authorrabiujaga
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json_metadata"{"app":"musing/1.1","appTags":["bitcoin","steemit","steem","price","crypto"],"appCategory":"bitcoin","appTitle":"Do you think, the price of steem will be about 1$ or more, and what about price of bitcoin ?","appBody":"<p>Oh dear, I do not think the price of steem and bitcoin will go higher... I KNOW THE PRICES WILL BE HIGHER.</p><p>Look at the history of bitcoin and it's rise to glory... Bitcoin price was actually regarded as a *bubble* as it bounced around up and down. As at Feb 2011 1 bitcoin was priced at $1.00 Just imagine, the price a steem used to be severel months ago. And it rose to $31 July 2011. Talk about a bubbly price. Now look at bitcoin... I just checked my Imtoken wallet and it's priced at $3858.97 just imagine the bubble it had to jump to get to that price... I have experienced steem at more than 2$ and you should know that as bitcoin rises, it also has its effect on the price of steem and other cryptos. To answer your question plainly, I believe that there is light at the end of every tunnel and every cloud has a silver lining. Following the rule of wall street which says \"buy low, sell high\" I advise you should do that too. Accumulate or buy steem and bitcoin now that it's low as bitcoin has been predicted to rise to $200,000. This dip in the prices if looked at optimistically, is a blessing in disguise. But only those with the investor mindset would see this blessing. I may not have funds to buy bitcoin or the steem, but I am using musing as a way to accumulate more and accumulating other cryptocurrency because j see the greatness in the blockchain. Keep accumulating steem, bitcoin and others you can.lay hands on. It's my advise to you. The market would definitely rise. That I am optimistic about. But for the creators of this blockchain would never venture into something that would be a loss to them. They always indulge in a venture that would be a lifetime supply of funds to their accounts..</p>","appDepth":2,"appParentPermlink":"fklc5deyw","appParentAuthor":"emsonic","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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