is it Crypto Market Correction or Crash?
This time market is mostly in red and most of the coins are down. People are panicking but I dont think there is any reason to panic because it is part of the market since no market can continue to go upside. Up and down in the price is the basic nature of the market and this could be a correction which is always expected after a significant price increase.
Look at the below image where you can see more than 90% of projects in red. We know that the crypto market is volatile which means the possibility for price up and down with higher percent is most likely expected to happen and there is no reason to worry about it. I think now is when we can think of buying some because we know that ultimately Bitcoin will be even more valuable this year. We are already heading towards the Bitcoin halving which is going to be a big event and after the halving event, we can expect more value addition to the Bitcoin price this year.
I am a long-term believer in Bitcoin and I think if we have a goal for 2025 then the possibility for profit is higher and you will not end up losing your money looking at the overall historical performance but again you never know if this can happen before as well. The company like Micro Strategy have bought another bunch of Bitcoin now which clearly shows that the demand for Bitcoin has not gone down and justice a correction in the market is not a big thing to focus on.
It's like an opportunity for us to grab more at a lower price so that when the price is up then we can book better profits but again this is not financial advice and highly recommend you go through the market situation and understand it well before investing.
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You have given a very nice explanation about Crypto Market. We have a lot to learn from here. Thank you, I hope to benefit from this in the future.
I think Crypto Market Correction at this moment. It's will recover as soon as possible.
I think it is a very bad correction. Every ALT Coin has a huge down. It will take a long time to recover from this down.
Cryptocurrency market will be up and down, this is the policy brother. But those of us who are trading are under threat. So we have to do trading knowing enough. There may be no problem with spot training, but those who are doing futures trading, their funds become liquid.
It is very true no market can continue to go up,I see it personally as a crypto correction
A correction in the market is usually foreseen and known by everyone. But no one could have imagined that the market will go down so badly. Now it can be expected that the market will take some time to go back to its previous position. But now the market is moving upwards bit by bit. Hope to see a good position in the market very soon.
Nice analysis. I think it is the last down before bull run. I am waiting for bull cycle.
Bullrun is surely awaited
This is a bull market, in the bull run we don't see crash but rather healthy correction, so I believe this is acceptable, let's prepare for the next legup