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RE: Oversold Extremes - Part 2

in #steem7 years ago

It does seem pretty crazy but the market can sometimes be irrational. Right not everything is following Bitcoin lower. However. as the clouds clear up, I believe that correlations between the assets in Crypto will begin to diverge and price will be based mostly by merit on the individual asset. Although there will also be some correlation due to regulatory news, the beat technology and assets will outperform. Given Steem and others are proven to be better given the scaling and adoption metrics, we will see the gains again. I have been buying Steem on the way down and powering up immediately as a long term investment in mysef and the platform.

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