In the past 3 days it seems the market enjoyed an upward trend but suddenly everything came crashing and in under 5 hours there has been a significant 10% reduction in the price of steem moving from $0.35 to obviously $0.31 and suddenly everybody seems to be grumbling again. Prior to this time, it was obviously thought that the bull market has definitely come but as a result of the inconsistent fall and rise of crypto in the past two months I looked at this as one of those things because obviously when the bull market comes everybody would obviously smell it in the air but currently the reason why we are noticing these rises and fall may definitely not be explainable but however the psychological effect in the downward trend of the cryptocurrency market is making a few people think whether the bear market is actually here to stay forever.
It is obviously my first bear market because since I came to steem I've only noticed a bull market once in december 2017 but the truth is that I obviously find myself being so calm and some business minded people are using this opportunity to buy as many alternative coin and as many steam as they want copiously this factor seems to be a consolation because the feeling of buying when everything is cheap gives a psychological boost even when it seems the market may not notice and upward trend but why have money anyway and not invest it into steem? But for people who obviously do not have money to buy at this current time and the only banking on their earnings from blogging to stay active there is a kind of dent in their emotions because since they cannot utilise this opportunity to buy from their own money there is always a feeling that is making them wish they can have enough money to buy but since they do not have enough money to buy the longevity of this bear market is making them under what are they can ever wait for the bull market to come since seems to be far from what we are seeing.
Make no mistake, many people loves steem because of the bull market, and 50% of these people have powered down their account and well given up, as a result of the longevity of the bear market, but for a person who still remains sometimes the imagination will be how do they manage to find the right motivation? I would love to use myself as a vivid example; I obviously predicted that the bear market may be long immediately the bull market was over so I decided to get a part time job and still working online while I still keep my time here the strategies seems to work very well for me because I know that fully giving up on steem isn't really an option for me and since I decided not to see it as 100% viable I decided to add other gig thereby hoping for the best but obviously I was expecting the worst. So this was a motivation for me obviously didn't have enough money to buy him as at that time but yet I keep powering up my account while the people who had money were buying in . obviously I had done my maths and I know that there will be a huge iceberg of bull before 2022 and many short-sighted whales would've become dead fishes because of their lack of believe and many long-term dead fishes would become dolphins and orca; the paradigm of change. My message here is that giving up on steem as a result of the current financial status you are in it's a no brainer and may be a deciding factor in defining how poor or how rich you are in future, so when this current downward trend is psychologically diminishing, build a reason to be resilient.
