If you think that the current situation in the crypto market is not good, with most coins showing in red, then you are right because it is a bearish situation. However, the bear market has not been confirmed yet by experts or others. A lot of people are still anticipating that the cycle has not started, and for sure, this time, this cycle is not for four years, especially with the alt coins.
You can say that the cycle was for Bitcoin only because we have seen some good growth on the Bitcoin price, but that is not all, because not all two coins are really doing great this time, and even our favourite coin, steem, is following the same trend.
(Link- https://coinmarketcap.com/currencies/steem)
The above price chart does not give a good confidence for the coin price because it is in red and the price is pretty much close to 7 cents, which is low, and maybe it can go further than we can predict; however, this is not the price that a lot of people are looking for with this coin.
While I am already accumulating this coin to grow my SP as much as possible, from that perspective, this price is good because for this price, I can get a good author reward and also more coins when I buy from the market. So you can say that it is a nice time for more power accumulation, which I am already doing.
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