The crypto market is in a worse situation maybe even more dangerous than the FTX or LUNA crash but the surprising thing is that Bitcoin is still above 100K. I remember when the Luna crash happened then Bitcoin also crashed badly and kept struggling for a long time.
But in the recent crash which was one of the most dangerous crashes in history. Bitcoin dumped 25 percent but showed recovery very quickly. Now only altcoins are the ones that could not had recovered yet. What is the reason that Bitcoin is still strong while altcoins are totally ignored?
Everyone is waiting for the altseason
to begin but it is not happening. The patience of investors is being tested and many emotional people are quitting the market. Is this the right solution? Everyone can have their own opinion but I completely disagree. I will never recommend to quit the market when you are almost at the peak of bull run.
The crypto market always moves against expectations. Whenever majority of the investors think that bull run has started and they beleive it will happen but instead market starts crashing until investors change their thinking or become so helpless that they give up and make decisions emotionally.
Manipulators run the market like this. The market mostly moves against what investors think. For example a time comes when most investors believe that the bull run has ended and the bearish trend has started then something opposite happens in the market that you never imagine or expected.
That is why it is said that long-term investors always win while seasonal investors lose and leave the market. Mostly when investors become hopeless that is the time when the market starts moving and remember my words and that will happen. I will wait until I book a huge profit from this market.
Investors patience is being tested
and manipulators want most investors to get out of the market. They do not want to give profit easily to individuals or they donot want you to grow your wealth in a very easy way. Many investors beleive that crypto has its own bull and bear cycle but why it is not happening according to the schedule? Because they don’t want the market cycle to move in the same sequence and let investors make profit easily. For this they make all paths difficult and disappoint investors.
If you have entered the crypto market the first thing is to forget your emotions. Never act with emotions but hold the rope of patience tightly. This is not only the lesson of this market but every financial market teaches us the same thing. That is the main reason long term investors always win.
Right now crypto is struggling because of the trade war. China has withdrawn all its holdings and will not invest again until the US reduces taxes. If the tax is lifted you will see growth again in the market.
At this discounted price
many countries are interested and huge buying can happen anytime. This is my opinion not financial advice. If a person uses wisdom he will surely earn well from this market.
I am holding my coins strongly and waiting.. have you also held your coins? share your opinion in the comment section.
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IMAGE TAKEN FROM CANVA
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