Post
Topic
Board Altcoin Discussion
Re: Its time to buy - end of bear market incoming
by
Inspiron14
on 12/05/2022, 08:43:23 UTC
That will probably be the worst scenario by far, right now I am seeing that the price has dropped to 29k and if does not recover soon and it goes back to the 30k level then another round of FUD could go appear and the price could drop significantly once more, and if that we are to happen then most likely a crypto winter would follow, now I do not think that it could possibly be any worse than what we saw in 2018, but quite honestly I would prefer to not have to go through such an experience once again.
The possibility for the price to go lower could occur as the market is in very worst condition, I am very worried if the market drops below $20k because all the altcoins will crash as the BTC market price has been hit at its lowest price in this year.
It's possible that this will happen considering that the market is still in a down condition and if you see a trend, maybe the Bitcoin price will go down again,
if that's true then the altcoin market will go down too because Bitcoin price movements greatly affect the altcoin market,
With conditions like this, it's certainly not easy to survive and we'll see