Post
Topic
Board Economics
Merits 4 from 1 user
Re: What are your honest thoughts on Crypto in the future, given what is happening n
by
LogitechMouse
on 18/07/2022, 06:19:34 UTC
⭐ Merited by The Pharmacist (4)
I'm gradually losing faith in its long-term viability.


What are your thoughts on this?
I'm not pretty sure but base on what you shared to us, it's pretty obvious that you are just a newbie and it's your first time seeing what is happening right now.

I will share my own experience. It started in 2018 where the bear market started. I've seen Bitcoin went to as high as ~$20k but it didn't matter to me because at that time, I'm still learning the basics (even now). Here comes 2018 and I've seen red candles in the charts. I've seen Bitcoin went to as high as $20k to as low as $10k months after. I've seen it went down from $10k down to $5k and as low as $3k and I've felt the same as well.

I lost faith with the crypto in general and I thought that Bitcoin is dead already because I've seen so many negative articles regarding crypto and Bitcoin. To cut the story short, I didn't lost faith and still learned crypto and Bitcoin and it's the best decision that I've made.

What I'm trying to say is, it's your first time to see what is happening right now that's why you are saying things like that. Give it some time, you might want to see the charts if you want and see what happened in the past. Just be patient, accumulate if you have spare money and just wait for the bull market to happen again. Markets are moving in sideways and in the long term, Bitcoin and some cryptos will give you profit. Just look on S&P500 and DJI in the long term. They only move upwards but it's a bumpy road. It's the same with crypto. It will be a bumpy road but it has only one direction and it's upwards. Relax, don't panic and stay invested Smiley.