Post
Topic
Board Speculation
Re: Cryptocurrency status at the beginning of the year
by
cryptomaniac_xxx
on 29/01/2022, 17:10:17 UTC
Yes, at the beginning of the year the cryptocurrency situation is a bit miserable. This is because at the beginning of the year, the price of all the coins in the cryptocurrency, including Bitcoin, is a little lower. There is no reason to be discouraged because it is miserable every year at the beginning of the year. Later, the market's momentum picked up again.

Cryptocurrency is going to pass two weeks so far this year but still no positive is found. I think it could be even longer. In other words, it will take some time for the market to get better.

It’s how it is mate. You can’t expect always that cryptocurrencies are off to a great start anytime of the year. It doesn’t give a specific timeline or period on their exact bull and bear runs. Now we all thought that the 4th quarter is always the bull run period of Bitcoin, but this isn’t the case anymore. Look at the charts of December 2018 and 2021 where we see the bear run period of BTC. Always expect the unexpected.

If you are thinking long term about BTC, I suggest you don’t mind what is the current price right now, because it’ll eventually be making a surprise bull run anytime without warning.

Lessons learned again in, December is not always a period of massive peak of price. It could happen much earlier like November wherein we already reaches the top price of around $68k. And then many expected that December will be like the penultimate push to a new all time high, a 6 digit price that didn't happen. So yeah, expect the unexpected and just be observant of the market movement as the sentiments might really be shift in just an instant.