December 4th 2021 has become one those dates not to be forgotten in the history of cryptocurrencies. Most of the world woke up to the long red candles on the charts of so many cryptocurrecies including the father of cryptocurrencies; Bitcoin. The market had wiped out all the gains made in October after a fall in September 2021. The cause of the fall is somewhat unknown or clear but some speculate that is is just a mere correction and they will rise again. Some even wonder if the bearish cycle has already started.
A closer look at Bitcoin shows that it fell down by more than 20% to about $42,000 before bouncing back to about $47,000 of which it has been staggering around since morning (in my time zone, GMT +2). The second largest crypto coin, ETH on the other hand lost about 20% to trade at $3,503 on Binance before bouncing back to $3,911.
Looking at the biggest loosers section of the Binance app, one can spot losses of more 60% by BCHUP and others as shown by the figure below.
Like I have already said, the market is on sale. I don't know the cause of this huge fall but I can there have never been a better moment to buy than today, especially for those who missed the past good points.
Buy the dip, and stake as many coins as possible and you will thank me latter. The future is bright.
Disclaimer
This is not financial advice. Investing in cryptocurrencies can result in severe losses.
