This scene from the Golden Child starring Eddie Murphy comes to mind when I have a look at the markets and my portfolio at the moment. It is hard not to get a little bit worried at exactly how far it will decline but one thing is certain, there is a ground. Zero.
What I have found interesting so far is my lack of emotional response to the situation. Perhaps it is because I have seen worse or it could be that I believe that it will go up again in time. I wasn't expecting the dip to dip quite so far and for quite so long but there is a lot of engineered FUD going around now which is affecting the markets. The thing is though that as of yet, not much has really changed and it is all sentiment driven.
What I do think though is that as regulation and legislation get introduced, it will be a good thing for Steem as it already is up and running with deep proof of concept and as other coins get dropped off due to their unproven nature, invesors will arrive for Steem. These are just my thoughts.
What do you think?
Taraz
