How are you my friends i hope you are all well. There are two types of people in the market, some big investors and some small investors, Big investors don't care about this situation but it is very sad for small investors. When the market falls sharply, I wonder how the market situation can suddenly do that. I know that market graph charts and news mean a lot, But if you look at them, the market is going in the right condition, then suddenly it starts falling down, for no apparent reason. This shows that the market is taken up by itself and then brought down by itself. I want to know how long this market situation will last, And when will the market start to go up?
I think i wouldn't use the word deteriorating because that doesn't happen in the crypto space, I think using that word means the crypto space is losing value which is not so, however I would prefer using the word we are all conservant with, which is dumping, yes the market was dumping or dumped badly few months ago. This dump, through following the news so far shows China ban on miners, Bitcoin energy fud and so others were a contributing factors to such dump, and recently now the market is taking a good and better shape, as Bitcoin and Ethereum keeps leading; thus the reason why I think using the word deteriorating wasn't really good but now the market is pumping.
Also, in the market are different phases, bear and bull, and that's the way it has been for years, you just need to understand it and work with it so as to make good decisions, normally those who bought the dump in price of some coins like Ethereum few months ago should be in profit now. So in all, the market is going up gradually, but making good decisions on good coins is very important in this stage.