The crypto market continues in free fall bad or good?
Greetings to all readers of this great platform, especially to those who make life within the great community of #ProjectHOPE, in this article I want to talk a little about the crypto market and why it continues in free fall, in addition to evaluating this situation, if I consider it bad or good for the future of the market, although many are afraid of it today, but it can become a positive situation or so I consider personally.
 Screenshot taken at: Binance |
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The crypto market is in a zone of fear for many and in a zone of opportunities for others, because those who do not know very well the market movements especially in the crypto market, are in constant fear every time they observe how the crypto market falls in price violently as it is happening at the present time in the crypto market.
On the other hand, there are people who see it as a great investment opportunity in the current market moments, as this point of view always depends on the knowledge of the crypto market and the availability of investment resources that one may have at the right times, this always generates situations that attract a lot of attention for potential investors, and with this they seek to generate higher profits.
Under this perspective we must analyze and take into consideration the current moment of the crypto market and even more taking into account what is happening with the Bitcoin at the present time, to observe a little more closely, and taking into consideration the processes of changing trends and market behavior, we should expect a strong correction of the market, this in order to seek investment in it before continuing its upward path.
Well, it has given many indications of its change of trend, finally a strong correction was missing where it captures a lot of investment and generated a rebound with even more strength, considering this situation I think this is the right time, taking into consideration everything that has happened lately with the SEC and the ETF.
These situations have generated a correction scenario but that can be considered as positive in the market, and we may be facing the final movement for the beginning of the bullish run, that is where many see it as the last opportunity to generate an ideal purchase, and others believe it is a catastrophe, I support the ideal purchases, and I consider it is a great time for the market to begin its bullish cycle.
In my opinion, this is a very good opportunity to buy and accumulate coins. Of course, the bull is coming and people that have bought now would be in gain. That's my opinion though.
Thanks for sharing buddy.
we are clearly on the same page buddy
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Dear @chucho27
most of all we should expect STRONG market manipulations happening in the future
From the moment when ETF has been approved it has been clear to me that amount of market manipulation within crypto space will reach all time high right now.
Most people seem to believed that approving all those ETF applications will result with increasing demand for bitcoin. I see it differently. In my opinion all those big institutions will take time to accumulate BTC and will use their influence and resources to keep crashing the market during that accumulation period. I think it does make sense and should be easy to understand.
I've read theories that recent dump was nothing more than 'buy the rumour and sell the news'. I disagree with that as well. That dump that took place recently (from 46k to 42k) does not look to me like it has been "organic" at all. I consider it nothing more than market manipulation and we all shall get used to it. Big boys will shake crypto market very often and by doing so they will move BTC from hands of regular investors to their own hands.
Perhaps we could see sell-the-news scenario happening if we could also witness solid PUMP right before ETF approval. But that did not really happen.
In long term I believe that price of BTC will reach some crazy levels. Most likely, once big boys will be done with accumulating then they will use influence and resources to pump it.
Just my own 2 cents,
Yours,
Piotr