Steem Future 2024: Are you preparing for the Bull Run?

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It's no news that the price of steem coin is debilitating. Some users have even started powering down because they feel it will reduce more than how it is and may later crash. This reasoning may be due to inadequate knowledge about crypto and its market cycle.

This decrease is actually for the good because in everything, when there's a decrease, people buy more and those earning earn less but when there's an increase, people buy less and people earning, earns more. So it's basically on a balanced scale to be precise.

Why the decrease in steem price and is there any future for steem next year? What's the bullish year and are you preparing for it?

The need for this topic to be emphasized is because we're expecting something huge late this year and early this year from steem but before this, why the decrease today?

Steem Coin and the platform's conversion reduced drastically last year being 2022 as we suffered the bear market year. Bitcoin being the mother of all crypto coins decreased drastically from $72k to $16k. This greatly affected the price of steem and other coins. Why is the decrease good?

It's good because investors would be able to buy steem coins at a low rate in high quantity while people who owns these coins will find it debilitating to sell. Imagine buying 500 steem coin at the current rate of $0.18 now which is $90 in total. That's huge right compared to when it was $0.38 of which 500 steem coins would be $190. Do you see the logic in the decrease now?

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It's high time we buy steem coins and store in our wallets as the rate is $0.18. You'll gain a lot from the coins you buy when the coin increases. This brings about the Bull run. Steem does has a future as well as other coins. There'll always be an increase and that Increase is what we would be experiencing next year being 2024, the bull run here as highlighted in the crypto market cycle.

Bull run as slated in the market cycle is a period of time where they'll be a significant increase in price of cryptocurrencies/assets in the financial market. In a bull run, investors who bought these assets at a low rate would be able to sell it at a high rate and profit maximally.

They'll also be buying these assets at a high rate as they'll be increased buying activity. These assets would skyrocket and investors demand for these Increased assets would be high. This bull run psychology is very crucial because during the Bull run, Increased demand for these assets would lead to higher prices for steem and other tokens. In fact, the platform would become more appealing to users and may be adopted by most investors leading to an increment in the coin.

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The last bull run occurred two years back being 2021 and Bitcoin Increased from $39k to $72k. This greatly affected the price of steem as it was up to $0.47 and more. Seeing this Increase will increase the demand for steem by investors while those who owns the coins like we steemians who have the coin can sell it at a high rate. What does this implies? It implies that;

• We should consistently create contents now while preparing for that year because steem conversion would be back and we'll profio

• investors who are interested in buying the coin should do so at a high quantity as the price is low if they have sufficient finances. They'll benefit when the bull run increases the price of the steem coin they bought.

• The value of TRX would be increased and if we have the free token steemit offers, TRX, we can choose to accumulate it now and then sell it later or use it in buying steems and then powering it up.

• Powering up would be greatly encouraged because your steem power would increase drastically more than how it is increasing now from posts that pays out. The steems you'll be getting from $1 on your post won't be 1 as normal. It would be increased.

Coin market cap

So in preparation for the bull run, increasing our steem power should be our major focus. Working consistently now that the price is low will help us work more effectively when the coin is high is increasing our steem power and not developing any string of laziness towards Creating contents.