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RE: Steem market price

in #steem5 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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Thanks so much for tell me about the market.

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