Price of steem moving down further. Do you expect it to rise back?

As per Hive account@coinghecko, the price of steem on this day is 14.92 INR(0.21USD) which looks like it is on its way towards its all time low(I don't know if it already is in it!). Have a look at plummeting value of steem from coingheckos's website.

Steem seems to move along with all other cryptocurrencies in this ongoing bearish market. it is no surprise that it is ought to comeback to next resistance level as it is the written norm for long in any market. But the question is can we expect our coin to come back to the heights it once used to be in. I remember the days when the value of this currency used to be over 8USD!

Then there used to be speculations from stakeholders in this platform about steem being a currency of really high values. they claimed that it will even touch 100usd levels in no time. I still remember reading articles of optimistic steemians like Hive account@tarazkp who used to repeatedly say that 'it is going to be really tough to accumulate steem as its price was unlikely to comeback to affordable levels!. certainly it made me jealous of early adopters who by far had accumulated over 5k Steem Powers!

However, now it appears that I myself can afford to buy and accumulate over 10k steems with its current prices, something i could have never thought about!. And also am proud to say that now my wallet shows nearly 3.5k of my own SP!

Look at the way with which this market turned around in a matter of less than a year! It went from moon height to almost nothing! This proves that in crypto space anything is possible. the lower value that your account shows now can go to nothing or it is more than enough to make you a millionare in no time!

Over and over again it is advised that it is a better practice to invest the money that you can afford to lose.