Digital currency has been a new globalization since its inception. Every bloodbath in the circle is a great test for investors. In the face of this plunge, investors were enveloped in fear and sadness, but there were also firm believers who encouraged and supported everyone.
In the past two weeks, digital currencies have experienced a rather terrifying plunge in history
From heaven to hell-BTC plummeted 50% of its market value, from $60,000 to $30,000. All this happened within 11 days. In these 11 days, it dropped by 34% ($15,500) in one of the 24 hours!
At the same time, ETH's plunge was even more tragic. In these 11 days, it fell by 60% of its market value, from a maximum of $4,300 to a minimum of $1,800.
Such price fluctuations shocked everyone, and people were surprised that such a price plunge happened in a booming bull market. This is simply another storm, and the only difference is that no black swan incident seems to have happened this time.
Why is this happening❓
The simplest reply is: how violently the price rises, how violently the price plummets.
When the plunge hit its lowest point, the price of ETH returned to the price 53 days ago, which is the price on March 29. And now its price has returned to 28 days ago. BTC dropped all the way back to the price 110 days ago.
If we indulge in these two-week market charts, we will lose our sense of direction, but if we lift our heads and look at larger and longer-term price charts, we will find that this plunge seems to be As expected.
BTC and ETH cannot rise all the time. They will change in response to changes in the macro environment. Judging from the long-term trend chart, this plunge is normal.
I thought of two old sayings in the investment market
The first is: the bull market must overcome fear. In a bull market, every drop, especially a sharp drop, will always make investors anxious. They worry about whether the fall will be worse tomorrow? And when we finally accumulated a slow and small rise again and again, we may be ruthlessly wiped out by the market in one day.
The second is: the steps seem to rise, and the elevators seem to plummet. In other words, when the market goes up, it always goes so slowly and takes so long, but when the market goes down, it comes as quickly and violently as a storm.
This seems too scary, but the digital currency is like this, the rise and fall are so asymmetrical, and the rhythm is so different. It took 150 days for ETH to go from US$700 to US$4,300, but it took only 2 weeks to drop to US$2500.
This is brutality, no one can escape, it tests everyone's confidence.
We must learn to endure pain
An ideal investor should be calm, meticulous, and unaffected by emotions.
But we are human beings, we have feelings. We finally used our hard-earned money to buy BTC and ETH, and then we had to watch them ups and downs in the market with horror.
In the traditional investment market, the annual income is 5% to 15%, and we can of course take it calmly; but in the digital currency market, our income can be 5% to 15% in the time of just reading an article. It's hard to calm the mood.
I believe everyone has been quite excited in the past few months, but it has been extremely painful in the past week. This is normal. Pain is inevitable. Because you enjoy the excitement when the market rises, you have to endure the pain when the market falls.
How could there be only sweet fruit? We must also eat the bitter fruit. This is a time to test our confidence and a way for the market to abandon those who are not determined.
If You Can't Stand A 60% Plunge❗ You Won't Be Eligible For A 6000% Surge❗
