- - - What's our current situation - - -

One thing is sure, Steem and SBD are dipping pretty hard. However, there are multiple reasons why the situation looks like this. First and most important thing - most cryptos are direclty linked to Bitcoin and if BTC takes a hit (and it is), all the other cryptos follow. Unless BTC finds some stable ground without minor bearish trends I don't see a reason why Steem would go any higher than it is right now. That's one main thing we have to keep in mind for now. Look at the image below, see all the red? - It's not Steem/SBD going down, it's the whole market right now!

- - - Why is it going down? - - -

I don't know much about TA but I'm a fan of Steem and Cryptocurrency so I like to dig around to get into the psychology of the market as much as possible. There are some key factors that tend to develop bearish trends in crypto world.

The main reasons are:

• Public anxiety after info that cryptocurrency might get some serious legal restrictions;
• The market has the tendency to panic and overreact;
• There were some serious concerns about many major platforms (like 'coinbase overcharging VISA users' affair);
• People got used to BTC going REALLY (I mean REAAAALLY) high, when it broke down, people started to lose their minds;
• Some people invest serious money into the bussiness, now that cryptos are falling this is nothing surprising that they try to conserve as much invested capital as possible, so they SELL (and this overselling is in my opinion the main reason of this downtrend that we see).

- - - How I think the situation will resolve - - -

One thing is certain, Steem will preserve, and it's not the platforms fault (or at least not the main reason) that Steem and SBD are falling. I'm afraid that this trend will continue untill we reach ~1USD as the market is in a complete regression. However, I really think that to turn the situation around, it's probably the best time to BUY and increase our STEEM POWER as I'm pretty convinced that the best is yet to come and Steem will bounce at one point in the future (probably longer though) so I'd invest a reasonable amount and just wait the reds out!

- - - What we can do to improve the situation - - -

I think that we can help Steem strengthen and recover from this dip. There is some stuff that we can do to improve the SBD/BTC ratio.

First, we have to stay stron in Steemit community and build a reliable platform that might create positive PR, bring more users and develop quality content, which in return will increase the platform and currency strength.

Second, if you have some cash to invest or can freeze your funds for the period of the bearish trend - don't sell, you wont probably get much out of it anyway, and when the price starts to get stable I think that a moment later it will skyrocket back into the bulls! (consider that it might take a while)

Third, all the negative stuff around about cryptos overally and BTC specifically will decrease its worth. Make sure to maintain good attitude and think as reasonable as possible. It's like with brands, if you build something reliable and well-known then it's probably gonna be good and worthy.

- - - DISCLAIMER - - -

All the above are my private thoughts on the topic of cryptocurrency, market and investing. Do not use them to make any investing decisions. The author does not take any responsibility for your actions.

Always think twice while investing - it's your hard earned money and you have to be aware that you're taking the risk and might lose! That's why you should never invest more than what you're fine to lose.

STAY STRONG MY FELLOW STEEMIANS!

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