Steem market price

in #steem • 5 years ago

Screenshot_2018-12-04-21-51-26-1.png

Hi steemit friends steem market price very very low day by day i dont understand what happen?

Anyone tell me reason why the all cryptocurrency day by day dwonside?

I screenshot the picture with my mobile from the steemnow.

#market #price #cryptocurrency
5 years ago in #steem by
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     5 years ago (edited)

    The answer could be: bearmarket

    Wikipedia says:

    A bear market is a general decline in the stock market over a period of time. It is a transition from high investor optimism to widespread investor fear and pessimism. According to The Vanguard Group, "While there's no agreed-upon definition of a bear market, one generally accepted measure is a price decline of 20% or more over at least a two-month period."
    A smaller decline of 10 to 20% is considered a correction. Once a market enters correction or bear market territory, it isn't considered to have exited that territory until a new high is reached.
    An analysis of Morningstar, Inc. stock market data from 1926 to 2014 found that a typical bear market "lasted 1.3 years with an average cumulative loss of −41%", while annualized declines for bear markets range from −19.7% to −47%.

    You can check this out by yourself here:
    Market Trend Wikipedia

    But I am quite optimistic about cryptocurrencies - time to buy more 😍😋😂

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       5 years ago 

      Thanks so much for tell me about the market.

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