Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
What will happen next?
How long do you think the market will take to recover?
As of this time, we cannot simply determine on when will the market recover. It got even worse because of the FTX collapse exposing the fraud that they are in which the customers lost billions of dollars.
Thank God I didnt have FTX and I never had any funds there. But of course, I know how it feels to lose big amounts, especially on what happened to me last April where 3 of my Metamask wallets got siphoned to a hacker due to accidentally clicking a fake PDF file which is a malware.
On top of that, I am at a loss on my BTC holdings as Ive started DCA with it last May 2022. Theres no exact timeline on when will the market actually recover and you just have to acknowledge that.