Today seems to be a better day in cryptocurrency market as we can see some green colour. Many coins were in red colour yesterday but today cm to be a good day in terms of the overall market sentiment because the prices are in recovery mode and same is happening with steem coin as well.
Right now the price you can see on the below chart is in green colour and the price is up by more than 5% which I think is not bad. I believe that this recovery sign is good because after a very bad day in the market no finally things are turning green which is a good sign and it shows there the market is not a small and even after a big crash in the market recovery is very fast. Generally this much of fast recovery is not expected in traditional markets which are like stock markets and some other places so this is surely going good.
Yesterday the price for steem coin was almost 15 cents which is a very good price for the buy I would say and even now it is in the buying range if you are planning for the long term because it is highly possible that price will continue to rise from here and those who purchase the coin at lowest price must be happy even know.
There are multiple opportunities in the market even when things are not doing great or specifically in cash situation because if you do invest the money then the probability for recovery and profit making is very fast and higher and we can surely see the current scenario as a good example where people made a lot of money who are ready to invest on the time when everything was down.
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If Bitcoin's dominance starts to fall, expect the prices of other coins, including Steem, to rise soon.
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It is a great post of The Steem price recovery started.
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you are absolutely right, aise down market mein panic karne ki jagah opportunity khojne ki koshish karni chahiye. Because that fall was due to panic selling and the recovery shows that the dominance of buyers is still there. I was probably sleeping at the time of that extreme fall but after waking up I myself took advantage of this opportunity and in a few hours I made a profit of more than 15% on my investment.
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