This A Different Kind Of Crypto Winter

A fair warning is, no matter how much you play favorite to a particular crypto, trust me the market doesn’t care. The market is going to do what it wants to do, the best crypto analyst you currently know doesn’t know the direction of the market, they can try their best to predict the market but no one owns the market or can predict it. Lots of people are beginning to have fear and doubt creep into their minds. Within a month the crypto market cap is down 30%, more than $200 Billion has been liquidated off the market within this period.

Lots of people are panicking, this is quite understanding because the crypto market is moving in a way that is different from what they were used to. Every bear run always seem to out bear the last one, so is the Bull run, it will always look for a way to outbull the previous one. In as much as we are in a bear market, while reflecting the past price positions of the crypto market we can’t help but see a great amount of growth. The progress has been wonderful, 5 years ago Bitcoin at $20k felt like an outrageous price, today bitcoin at $20k felt like an outrageous low price. I guess this is due to the fact that we have tasted a really great high which is making us want more. No one likes backward.

A friend called me last night to ask me about my insight towards the constant crypto market dip. This is a sign of extreme fear and doubt, I asked me so he can get a positive response, I guess he is just looking for hope to still hang in there while hodling. I reminded him that I am nothing but a minute dot in the crypto market, I have no idea how the market will go or when the dip will end. I am just a hopeful crypto holder who is also as confused as everyone else who don’t know why the market has been tanking endlessly.

This should be the highest record in fear compared to 2018 dip, more fear might trigger more crypto free fall if the bitcoin price goes below $20k and Ethereum goes below $1k. Here we are going to see a lot of retail holders lose their cool and sell off. They might throw the Hodlers mentality away because of fear, we are also going to see some people buy the dip.

The reason I am not selling my major crypto bags is because I believe in crypto and I believe in leaving my asset in crypto, crypto is the future, the fact that the price is low doesn’t mean it’s dead. Besides the money has to be somewhere so I don’t spend it. Crypto is still new, the stock market went through this phase, every other financial market went through this stage. The only way to survive is be on a project that is building constantly and here for the long term and of course has utilities. At this point is all about you quit and you lose, but there is no guarantee that if you keep going you will win, you can still lose even if you keep going. But the thing that keeps us going is the ambition and I hope it never dies.

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