Friends, I read a bunch of predictions on the market, haters rubbing their hands say that this is the end of Bitcoin and crypto.
More positive people say: use and buy, decline is the best time to buy Bitcoin, as soon as it nevertheless reaches the bottom, it will grow even stronger, some like McAfee say calm down and just relax, and Ilon is going to Mars.
But if you look at the situation as seriously as possible, then how bad is it? What will save the cryptocurrency market? What do you think?
Potentially, positive news could speed up the recovery process. But other than that, there isn't anything in particular that would get the market's sentiment shifted to bullish all of a sudden imho.
But honestly, it's really not a concern given the fact that we've seen bear markets happen across different asset classes, over and over again, and that it will be only a short term phenomenon if the long term mechanics are still there.
To me, there really isn't anything to
save. The growth was unsustainable last year, which is why price corrections happened this year. And that's completely normal - it does not disrupt the long term adoption of bitcoin, but actually does provide a nice buying opportunity for investors.