market cryptocurrencies Like the weather map in Spain: red hot. Up to 90% reductions in many prices in recent weeks altcoins and hard crashes bitcoin Y ethereum according to historical maximums “black spring” For cryptocurrencies preparing to receive writing included in what is fully known in the industry “crypto winter”. That is: a long period of market cooling, normally a little over a year, after a drastic correction.
Most ominous and above all, vilifiers Not many of these beings have been slow to get over it. “crypto crash” as the beginning of the end. Nothing veterans haven’t heard before. Heard, lived, suffered, or enjoyed, as the case may be. Because everyone believes that everyone loses by falls, but nothing is further from the truth. Those who know how to handle themselves well in the trade adapt their strategy and control their risk depending on whether the battle is won or not. bulls (bull market) or bears (the market where prices are falling).
All this has happened before. at the beginning 2018 The last crypto winter took place and the “hibernation” lasted until March 2019. market cyclesonly in the case of cryptographic assets, volatilethe falls (as well as the climbs) are dizzying and frightening.
From all-time high to crash (and vice versa)
Bitcoin and Ethereum recorded their highest historical peaks on Nov. $69,044.77 and $4,878.26, respectively. Today, seven months later, they are trading at -67.93% and -75.84%. Some very serious fixes, but this should be put into perspective. In order not to be alone with one detail of the photo, it is always appropriate to “zoom out”.
with the arrival coronavirus According to our lives, the price of Bitcoin fell from its then value of just over $10,000, to its lowest value of 5,000 at the start of the pandemic in the first half of March 2020. By September of the same year, it was already back at $12,000. . An extraordinary improvement that didn’t stop there.
Generally 2021 was a very good yearAlthough in April, after exceeding $ 60,000, a decline began in mid-July that would bring it below $ 30,000. From there, the roller coaster rallied again through November, at which point it hit just over an all-time high of $66,000.
Ether was worth at the beginning of January 2021 777 dollars. Even today, despite the bloodbath, it’s over that price: $1,169.48 at the time of this writing.
can you go below? Of course they can. Likewise, we can see them set new highs in a few months. This market is very crazy and unpredictable.
Every parabolic rise is accompanied by a correction of at least 80%. This is what happens with the addition of a number of factors that contribute to exaggerating the operation. risky assetsbut neither did the rest of the financial markets: Russian occupation in Ukraine, inflation, increase in interest rates…
Luna initiates the blackout of “Aya”
When it comes to cryptocurrencies, Double explosion of UST and LUNA of Terra reality check for people who always have “Aya” in their mouth and rush everything with unusual violence.
East collapsejust as cryptocurrency related scam we have accused those who do not see this decentralized market with good eye and impartiality with arguments, where we have breakfast almost every day. government regulation.
The icing on the cake has been put by the “corralito” announced by the lending platform this Sunday. Celsius Network. Also, as if that wasn’t enough, Binance It also paralyzed Bitcoin withdrawals for several hours due to congestion due to the large number of transactions, and this made the legs of millions of investors who had invested their funds in what had become. largest crypto exchange Worldwide.
Therefore, we are going through a shocking and sensitive period that will probably be experienced together with Turkey. “death” of multiple coins or cryptocurrencies It cannot withstand vibrations. Logic says the real victims will be weak cryptocurrencies that are not backed by a serious project and do not have good foundations behind them.
It’s over (at least until the next bull run) delight of speculators memecoins and Shitcoinsand, most likely, a period of “boring” will reign, with slow recovery and less abrupt price fluctuations than usual.
This is all on paper because the crypto market is like a wild animal and you never know how it will react.
When persistent inflation falls, experts say, crypto industry will go green againtherefore, the duration of the crypto winter may not be as long as the previous one.
What will I do with my cryptocurrencies now?
No one is legitimate or anyone to advise in this sweepstakes, but common sense advises those who advise. underwaterwell, just lost investmentslet the storm pass and be patientwith your money safely stored if possible cold walletfor what it could be.
If the problem is what they want sell red because they need the money, they did something wrong long ago, because rule number 1 The choice of the crypto trader is not to bet on this market more than he is willing to lose without affecting his life.
Otherwise, today’s prices are beyond greedy for those with liquidity and willingness to buy. as i remember yesterday Michael van de Poppeone of the most popular crypto influencers, now every dollar you can invest in solid projects, be worth 50 or 200 In a few years.
and given paradox When Bitcoin is at $60,000, everyone wants to buy it, but now that it’s on sale (like all altcoins without exception), few would dare to do so for fear that Bitcoin would sink further or disappear.
Greed and fear always go step by step. this feelings here, as in the rest of finance, they are bad companions.
When the next upward cycle comes, if all goes on after the US-led war, centralized and decentralized systemsI’m sure many of you remember reap the benefits before you see yourself in someone else as we are.