A lot has happened in the crypto market recently and the liquidation rate is becoming alarming. We keep seeing billions of dollars get liquidated every week in the market and this has a great impact on the market and probably is one of the great reasons why the prices of coins keeps getting down and we haven't seen a breakthrough yet. The market keeps going back and forth, when we think we are close to the joy the market gives, boom, the unexpected happens and we return back to square one. This ofcourse kills vibes and makes one have a rethink of what could be the best plan and format to follow now that the market keeps going the opposite direction. Opposite direction in the sense that what was proposed or intended isn't happening and we keep seeing the worths dwindling.
Apparently, what else do we expect when so much keeps getting liquidated every week without seeing seeing an equalled buy back which would help to push the market to be better height. Since there isn't an equivalent buyback from what is been liquidated, the market would keep getting a red candle and this would have a significant effect in worths and balances of stakers which has invested so much in coins. I mean right now, no one can look at the market space and smile that much because what is been seen is really pathetic, but one thing sure is that this is not the end of it, yes the year started a bit fine compared to what we are seeing now but there is still so much left to be done in the market space.
TRUMP and Crypto Reserves
Just like we have Gold reserves in a country's treasury unit, this was what was intended with Trumps initiative with Bitcoin reserve and as a matter of fact, it isn't just about Bitcoin alone, other coins like XRP, SOL and ADA are being rumoured to be included in the reserves later on and this is a great push of believe in crypto space and a positive sign of adoption. Having this as a positive sign is a good stimulant of join and a good believe system of better days ahead in the crypto space because this reserves awakens hope, reassures one that regardless of what is been liquidated at the moment there is hope as what is been kept as reserves can try to swing the pendulum of balance in prices.
Actually we all know that Rome wasn't built in a day, it was just a series of hard work out together continuously that birthed the Rome we see today. One thing about it was that it was just the believe system that was positive right from start seeing that one step of faith made in the right direction, followed by another that brought about the establishment we see in Rome today, such is applicable to the crypto reserve we see Trump doing. Its a step in the right direction because this will help to send a positive signal and increase the fate of crypto adoption in other countries, reaffirm hope and trust in the mind of old investors and will also help clear doubts in the mind of new investors to come in the crypto space.
There Would be a Great Turn Around
I strongly believe in crypto, and it is not just be alone, there are millions of thousands out there that do same regardless of what we are facing now in the crypto space. The crypto space has already seen a lot in this early stage of the year we are into starting from the hack and our minds aren't shaken yet because we look up for a better tomorrow full of hopes and positivity.
It might not look like it, judging from what has been faced so far but in crypto space a minute can rewrite a story for good and the year isn't far spent that much, things will definitely change for the better, we just need a bit of realignment, firstly in our minds then followed in our hands as to utilize this very season in storing and bagging more coins in preparation for the better tomorrow where we would look at what has been achieved and smile.
Thanks for stopping by, do have a blessed day ahead.
Posted Using INLEO
Congratulations @the-african-man! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 3750 upvotes.
Your next target is to reach 900 comments.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts: