is Crypto Winter Coming?
The cryptocurrency market has been going through a down phase and we have seen the price of Bitcoin going below 20k USD and even moving around the 24,000 U.S. dollar price range. Looking at the current market situation it does not seem that we are going to see quite a big jump in the price real soon. I have gone through a couple of articles this week and the majority of experts are saying that we are going to witness a correction in the market which means the price of Bitcoin will drop further.
Currently, the price of Bitcoin has gone below the mark of 21K USD and even the current market sentiment is bearish so probably we can see it dropping further and maybe it may cross the 20k mark. Along with Bitcoin, ethereum also seems to be in the same June where the prices are going towards the$1500 tries following the BNB, including Solana and polka dot. There is nothing to worry about if we have a long-term vision in the market and I again think that it is a good time to buy.
As always it is difficult to figure out the bottom but I think investment through the sip is the best method to follow. SIP is a method that enables us to buy crypto with discipline. This is also called dollar cost average and now a day most of the exchanges are providing this facility because it is neither and that's the reason why exchanges are providing the option. It is the best way to invest because we can follow a certain frequency after investment and this way we will be able to buy automatically which helps us to maintain the average price.
When the market is in bullish sentiment then we see many clients performing significantly and we easily see the growth of 2 to 10X and that happens when we buy the asset at the lowest price. Just imagine if ethereum will raise $10,000 in the bull run and now its price is approximately 1600 USD then it's easily six times of growth on the price but a lot of people missed it because they find it risky when the prices are low. Undoubtedly crypto is one of the risky games but it can be profitable provided we follow the planned strategy and we are ready to hold it for the long term because there is no surety that how much time it is going to grow. We predict for bull run but that is something that happens once in 3-4 years so the next one we can expect is in the year 2024, however, nothing is certain here.
Considering the long-term vision, I am buying up love coins every day because I know that in the next few years I should be able to get a better profit This is why this low price situation is good. Or all the crypto winter is good and if it is coming with an even lower price then I think it is going to be a good opportunity for the people who are here for a long time. I'm also waiting for the low price with the HIVE token and if I get the opportunity to buy the token at my price then probably I'll be able to buy 50K or even more tokens in one go. Again I can just think about it but not sure whether it is going to happen or not however I am prepared for this and if in case it happens then I should be very happy once I grab the opportunity.
Thank you
In terms of prices, we're certainly going through a heavy winter. In terms of development and growth, however, it is an unlimited thriving spring.
Nobody can tell when the prices will recover, but as you said: "nothing to worry about if we have a long-term vision"
Thanks for sharing @alokkumar121
hello @alokkumar121,
what you are doing is one of the smartest things you can do, buy coins at a low price and then sell them at a higher price, no doubt that doing this can give good profits, winter comes before spring and in the case of coins a fall in price is followed by a bullish period I also believe we will soon live a bull run in coins
At this point, one cannot predict the crypto market because of the volatility in the price action that has been witnessed. Well, while some people are seeing bear market, many others are using it as an opportunity to stack their bags with cheap coins and hoping for the bull run.
Nice piece buddy
Yay!👍 We collecting more Crypto. Reshared your post🔁
@tipu curate 3
Upvoted 👌 (Mana: 0/3) Get profit votes with @tipU :)
hi @alokkumar121
One could argue that WE ARE CURRENTLY going through crypto winter and it started almost a year ago already.
And I can make a claim, that we will continue being in "crypto winter" until social pressure caused by incomig recession will force FED and other central banks to change their monetary policy. Which may take easily few months to a year time.
hehehe. What if I have long-term vision but I bought into altcoins much earlier (when BTC was above 30k)? I guess all I can do is wait patiently and cry cry and cry (for all missing buying opportunities).
Cheers, Piotr