Checked my portfolio and all I can say is, “crypto is not for the weak”. How can I watch the value of my crypto portfolio go down more than 50% even though I keep adding more crypto assets in my portfolio. Is this the bull market we all got excited about. Is the bull market still coming or it has come and gone? Earlier this year we all had high hopes for the bull market, at this point bitcoin needs to take all the blame, bitcoin is influence in the whole crypto world. Bitcoin acts as an influence who gets high on steroid and this will cause its huge increase in price, what is the influence on other altcoins?
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Due to huge bitcoin dominance, this means that its market cap is the largest in the crypto market, most times bitcoin is paired with other alt coins. Does this mean that when bitcoin is being shorted the pairs get shorted automatically too? But why is it that when the price of bitcoin is increasing other altcoin price don’t significantly move too. Still a conspiracy to me, because most times when you find the whole crypto market in a deep red situation it’s usually because of bitcoin’s state.
My crypto portfolio is down more than 50% but the bitcoin price only fell just less than 20% from its $73k all time high price, why is it not falling accordingly? That’s the annoying part of being a crypto investor, if we eventually leave this state and attain a true bull state, then start seeing our crypto portfolio start increasing 3X and above, guess what? People are going to call us lucky, not knowing that we have worked the time waiting for the value to pump, well, I hope you have a nice day today and take your eyes off the crypto market for a second.
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Sometimes I feel the same 😩
Don't despair. Keep the faith. Cryptocurrencies testing our limits?
well i would say that users learn, and by now many realized that shitcoins are not the way and most only pretend to address some specific problem but in truth it is all a scam... can´t blame people for letting go of tokens and alts and go in on BTC, as far as the btc goes, give it time, soon we will see some miners go bust and the competition for the rest of the hash will get in line, so far it seems to me they are all trying to survive, it is a paper thin profit industry with a lot of upkeep, i still believe btc will melt some faces going forward