I Just saw this post by a dear steemian where I learnt that steem has fallen
from $4 to less than 50cents. Perhaps I can attempt an answer from a
laymans point of view. If I saw something in the shops that I loved that had
plummeted by over 75% in price my gut instinct would be to buy.
When it comes to stocks and shares a different kind of analysis/perspective comes
into play--if the price is going down it must not be worth it. Why the change in
perspective? Perhaps we feel the company will go bust? That is a "valid" concern.
I remember when I was looking at property many years ago in a region where
property was cheap at the time,perhaps one third the price of a London flat.
The flat in question was tiny, dirty and unkempt -though structurally sound.
I turned my nose up at it thinking no wonder it is so cheap. One year later its
price had quadrupled and I could no longer afford to buy.
My conclusion is this:- we all need to hone our instincts to lead us in the direction
that we need to go so that we recognise the correct opportunities when they arrive!