Don't Worry It's Not Just Crypto Down Today

in GEMS4 years ago

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If you haven't looked at the market then don't, it's a lot of red and coins like steem are not doing too good right now. It has not been a good run for this coin in the last month or so and today it another red day. It is not just alts that are having a bad day as bitcoin and crpto as a whole are in the red. This might seem worrying but financial sectors as a whole are not doing well today and this means we are all in this together. The state of the world is not great at this moment in time and it is having an effect on the economy as a whole, from the digital world to wall street.

This might sound depressing that everything is down today but there is a silver lining. If we all go down together we can all come up together. The world isn't going to end and things will bet better. The market always recovers and when it does it usually goes up higher than it did before. I don't know how long it will take or if we are down with the downtrend but I do know things will get better sooner or later and if we are in the same boat then we can recover as well when things approve.

This isn't the first day this year that this happened. There have been multiple days when the market and crypto tanked together this year. I don't know when the pairing happened and maybe because it's all the institutional investors who are now in the space but the crypto market is strongly effected on days like today and it has happened one two many times to be a coincidence.

Yes it is not good to see and I do hope these days are short lived but the world is not in a good shape right now on several levels, not just financial and until things get better we are probably not going to see ATHs any time soon. But when things do get better I think we can see some crazy growth so keep posting and earning when you can.

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Thanks for this post.

I still see Steem will return to the position it should be at the $ 0.8 level, but I don't know when that happens, it looks like 2022 is more appropriate.

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