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RE: Did You Panic Sell or HODL During The Recent Market Correction?

in #investing7 years ago

I bought STEEM at under $5 and I'm happy with that decision. If you look at the last month of STEEM prices, it goes in 7-10 day cycles. I think this correlates with the 7 day power down time. When the market starts to spike, people start powering down. It takes 7 days for that STEEM to be available to sell in the market. The market will then decline for a week while there is more people selling then buying. After a week or so of declines it starts to go up again. Just look at the charts and see for yourself. Todays uptick is right on schedule!