COVID 19 enriched majorities while the minorities suffer.
The current increament in the cost of commodities in the market is alarming bad yet the majorities who are representative of the minorities (politicians) seem to pay less concerned.
This increament before now was tag to be as a result of Covid 19 which interrupted importation and exportation of good and services.
It is expected that with the decrease in the Covid 19 spread I thought their will be a corresponding decrease in prices of price the reverse is the case.
My question remains is their any hope for price decrement.
The world of Bitcoin is full of speculators and everybody had a different entry point for their trades. Just a day ago Bitcoin had wiped out all it's gains for 2021, if you were one of the unlucky ones to buy near the top or in the space between $30k and $65k then you would only have seen downward movement. $30k seems about the expected price point at present but the trend has been downward for a while now. If you are a rational new investor in the cryptocurrency space, would you really want to get involved with Bitcoin when it would be tough to double your money, or would you look for something like Dogecoin which saw the value go up by thousands of percent in the space of a few weeks? You can surely see new buyers going elsewhere, no matter how much brand reputation Bitcoin has, so the price pressure will naturally keep pushing it back down.