Bitcoin Above $30k Again

Well, the crypto bear market has been around for some time now and it sort of gets boring looking at the crypto prices and your portfolios dipped down.

It's not only boring for some it gets frustrating and they are looking for a possible way out of it in an attempt to recover its investments or minimize the loss to some extent.

I have seen a user sharing thoughts about the recent spike when he bought Bitcoin time ago at the price more than $30k and asking what may he do as his according to him, his investment amount has recovered probably 20%.

In any case, if it had been me, I would have put off making the purchase until after I had used the money for something else. since many people think that long-term hodlers are favored by the cryptocurrency market over short-term investors.

Nevertheless, it's best to make wise decisions and avoid believing any FUD.

One thing you may have noticed is that the recent increase in Bitcoin's price has given the cryptocurrency market something of a newfound vigor. This is evident in the variety of news stories relating to Bitcoin's price as well as in the enthusiastic conversations taking place on various social media platforms.

Most other cryptocurrencies on the market also exhibit strength, and their prices rise, which suggests that there is a reason why Bitcoin's price is rising. Which is what investors in Bitcoin and other cryptocurrencies would like to see.

Therefore, while being motivated is wonderful, it's important to avoid falling victim to hype. Since these kinds of circumstances can occasionally produce a positive hype that causes some individuals to fall into it.

This is why it's crucial to conduct thorough research before making an investment in BTC or any other type of cryptocurrency available today.