There are people around me who know about cryptocurrency markets but do not invest because they have not decided where to start. These potential cryptocurrency investors must have been terrified when they saw what has happened and will happen in the last 6 months. I do not agree with this thought. The harsh movements inherent in the cryptocurrency markets and the underlying reasons for these movements …
The scenes we see in the bear market … This time it is more bloody and brutal. You ask why ?
The answer is very simple… Assets entering the cryptocurrency markets are increasing. Before the bull season started in late 2020, the cryptocurrency markets were worth $300 million. In Taurus, this increased to $3 trillion. $900 million right now... Imagine how much it will be when the bull comes in...
For this reason, exchanges resort to official and unofficial ways to grab market share. Greed is on the rise. Is it an example?
The collapse of the FTX stock market, the loss of interest in the Solana network …
Terra Luna's going to zero...
Operations on the Binance exchange …
The bankruptcy of cryptocurrency investment funds…
Fed rate decisions...
The SEC's aggressiveness in regulating cryptocurrency markets...
Finally; The bankruptcy of Silicon Valley Bank (SVB), one of the largest banks in the USA, also had significant effects on the cryptocurrency market. It turned out that part of USDC's reserves were located in the bank that failed. In a statement from Circle, the company behind the stablecoin, it has been confirmed that $3.3 billion of the $40 billion USDC reserves are in the SVB…
These events created such a wave of FUD that;
In this panic, an investor made a huge mistake trying to convert $2 million into USDT and received only $0.05 in return!!!
I'm sure there have been many similar incidents...
What happened is not pleasant, but lessons must be learned from them. These times create unique opportunities for people who will invest in the cryptocurrency markets. They can buy incrementally. It is to collect the crypto money of the projects they trust as they fall. You can't know the bottom since you're not a market professional... Also, I don't think anyone knows what the bottom will be right now...
Maybe you can make some loss in the short term … You reduce your cost by buying as it goes down …
Cryptocurrency markets can earn you X10, X100 during bull season…
While you wait for this, you can earn passive income from your cryptocurrencies on DEX platforms you trust...
Personally, this is how I do it...
You can change your cryptocurrencies that you have invested before but no longer see the future. Because the bull will not hit these cryptocurrencies.
Personally, this is how I do it...
As you can see in the daily price chart of BTC, it uses the 200-day moving average as support. If negative news does not come, the 200-day moving average may push the price higher for a while. But with negative news coming, BTC will look for new bottoms. This will give me new buying opportunities.
My Last Words; Blockchain technology and its financial product cryptocurrencies are our future. There will be no return from this. These events we experience are just birth pangs. When the cryptocurrency markets settle down, people will line up to invest. For my part, I've learned some good lessons in this bear market.
Cryptocurrency markets were created as an alternative to the current financial system. But the dollar could not escape its dominance. Stablecoins were issued for dollars. I think this is the main reason for the negativities experienced… What needs to be done is to trade in BTC and ETH parities.
This is very important for the future of cryptocurrencies. Take ownership of your crypto assets…
As I always say; Listen to everyone, decide for yourself … Good Luck …
