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Question answered on Musing.io by zaicha

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· @zaicha ·
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authorzaicha
permlinkfkxr6xxsq
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json_metadata"{"app":"musing/1.1","appTags":["steem"],"appCategory":"steem","appTitle":"Looking at the condition of Steem today, what do you think, How long the time taken by Steem to recover the market?","appBody":"<p>Situation of Steem and cryptos is not very engorging since past few weeks.&nbsp;</p>\n<p>Its falling down and down and unable to find any upward trend. We have seen that at first Bitcoin has shown resistance first at &nbsp;6000 to 6500 level and remain there for some time and then it drooped to 3500 to 4000 level.</p>\n<p>Although Bitcoin is showing some resistance at 4000 level but I think it might drop further towards 3000 to 2500.</p>\n<p>Apparently Crypto market has lost the interest of investors and therefore there prices are struggling.</p>\n<p>But one thing is for sure that decentralized technology has lot of potential and has bright future.</p>\n<p>So eventually the prices will go up but how much time will it take to recover can't be estimated.</p>\n<p>It may be a good time to invest for a long term.&nbsp;</p>\n<p>One should not make all the investment at once in one time instead investment should be made in steps so that if prices fall down one should have the option to buy more and make a good average.&nbsp;</p>","appDepth":2,"appParentPermlink":"fkjsadaaw","appParentAuthor":"ijoel","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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