It is quite a ride with the volatility of cryptos particularly with Bitcoin retracing back to about 30% in a short amount of time. Some says that it is just big accounts manipulating the markets or should I say cashing out and wiping lots of "weak hands" in the process.
But one should see these things as moments of opportunity because Bitcoin already had touched the 9,000 price range so it is just so possible to touch it again in the coming weeks or even days.
Subsequently the Altcoins get pulled back because of the price movement of BTC which makes you think that if BTC were to really goes to the moon so as the Alts. That is why I am not losing my faith in steem because for one thing the devs are actively fixing things up in the blockchain and the other things is that BTC will pull it up too as well like in any other alts although the sell pressure for most steemians is to just to strong.
But anyway cryptos are cheap today and it is a good time to buy once again so you just have to take your pick out there if you want to day trade then buying now is my financial advise because of the above reasons. I do not think BTC will go down significantly much further down but if it does then just be patient and it will go back right up.
