Hello Steemians!
Hope you guys are enjoying your time on steemit! As you guys know from the last some weeks cryptocurrency is falling pretty badly. So, I decided to write about the great opportunity it is for the investors.
( Source : www.google.com )
There could be many reasons behind this drop. May be the supply of the cryptocurrency is high but the demand is low. Whatever the reason is, the market needs price correction anyway.
Cryptocurrency, specially the bitcoin, has become a great investment asset in the world that’s why its price never gets stable. Bitcoin is viewed as the gold-standard of cryptocurrencies so whenever bitcoin falls the whole cryptocurrency falls.
( Source : www.google.com )
On 12th and 13th of June,2017 bitcoin touched its highest value (approx. 2950 $) but after then it’s going down and down. Yesterday, on 16th July,2017, after a long time, bitcoin dropped below 2000 $. Today, its fluctuating between 2000$ and 2100$. But the drop is expected to continue until 1st of August. According to some, bitcoin can fall to even 1500$. So, its great time to buy some bitcoins because after this low-value period bitcoin and all other cryptocurrencies are expected to jump dramatically and reach their historical highs. And we don’t know when it will get this low next time.
(Source : https://coinmarketcap.com )
On 1st July,2013 the price of BTC was extremely low (about 90 $) so people bought a lot of bitcoins and on 1st December, 2013 BTC crossed 1000$ mark. Just imagine, how much profit those people must have gained.
I think it is a similar condition because it is now almost impossible for bitcoin to fall to that level.
(Source : https://coinmarketcap.com )
Same is the case for steem. After touching 2.72$ mark on 9th july,2017 it is now going down day by day. But after surviving this period it is expected to cross 5 $ mark for the first time. So, buy as much steem as you can.
(Source : https://coinmarketcap.com )
In short, cryptocurrency has fallen to a very low level and a great time for investors has arrived.
“BUY LOW NOW, SELL HIGH LATER”
Regards
Mohsin Ali @mohsinali