A sudden price drop in the crypto markets along with the deepening points loss in the dow jones point to a a slow and steady downward trend as of late. Is the bull run of 2021 over? Are these the marks of the beginning of something much worse to come? A major recession, a new crypto winter? What could possibly be next? Any comments and thoughts are more than welcome.
First of all bull and bear runs in crypto are not seasonal, I mean they can come and change anytime. You might see a bull inside a bear run and vice versa. I am least concerned with the drop in the prices of Bitcoins because it just makes the market more stable. Having a solid 45k is better than having a hollow and hyped 55k.
You can understand it by the Doge example. As a long-term investor would you like to see where dogecoin is now or you would like to see a natural growth and doge sitting at 10 cents (although there's no room for natural growth in Doge). Right now, the price is just hyped and everyone knows it. Bitcoin is going to become rarer in future so no reason to panic or even.