Cryptocurrencies in dip shit

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Written by
2 years ago
Topics: Cryptocurrency, Dip
7-3-2022
Monday
9:20pm WAT 
#148

The cryptocurrency market has seen a drop in its market value, as the currencies have crashed. Recently, we have seen the sharp plunge in the value of Bitcoin, which is one of the most popular digital currencies.

This crash has caused a ripple effect among various cryptocurrencies, which has resulted in an overall loss in the worth of these currencies by billions.

The bitcoin price has been steadily declining for the last few days. We all know that the bitcoin was trading at $43,000 on Friday (March 4), but now, the value has dropped to $36,000. This is a whopping percent drop in value in just a span of 3 days.

It is obvious Bitcoin controls most of other cryptocurrencies. BitcoinCash also had a whooping fall in price from $320+ to <$270, which is the current price.

This mass depreciation in the cryptocurrencies’ market value has not only affected investors who have invested their hard-earned money into these currencies, but it has also affected big businesses, who have accepted cryptocurrency as a mode of payment.

With the manic growth of cryptocurrency Mid last year, it's only natural to think that this was some kind of bubble. That the money will suddenly disappear and we'll be left with nothing. Yet, this is not a bad thing for those who understand that the best way to make money out of it is to go through all of the processes and profit from this fall.

The first thing you need to do is realize that investing in something that will solve a real problem is the most important thing you can do. It needs to be legitimate, a businessplan needs to be there and you should know what people who want to use your product or service and how they're going to pay for your product or service.

Even though there are a lot of silly ideas out there, there are also some very cool new cryptocurrencies that could change the world.

You also need to be realistic about how crypto-currencies work.

As cryptocurrencies are slowly becoming more mainstream as an investment option, many investors are taking a second look at the cryptocurrency markets.

The cryptocurrency market has been in a dip following the recent boom of Bitcoin and other major digital currencies. The fall in price over the last couple of weeks has been accompanied by a significant volume, which represents an effort to compensate for the recent growth.

We are at a point where most of the cryptocurrencies that you know of will go into deep.

In a matter of 3 days, we have seen many currencies lose 50% or more. This is the time to make up your mind.

Never rely on crypto as investment; crypto should always be considered as random small transactions disposable income.

Because of this, my opinion is that the current is the best time to buy cryptocurrencies. If you buy it now, you can get it at a low price later

You know what they say - buy low, sell high. In the world of cryptocurrency, now is the best opportunity to buy from this dip in valuation of cryptocurrency.

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Written by
2 years ago
Topics: Cryptocurrency, Dip

Comments

Cryptocurrency buying time is now, there is truly drop in processes now, and sell when the processes go up.

$ 0.00
2 years ago

When it started last year, I thought by now(March) it would have risen to $700+... talking about BCH. We should keep holding 🙌

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2 years ago

It's a hard time for crypto users and the gainers are only those who hold their assets tightly and didn't sell their cryptocurrencies

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2 years ago

Cannot wait for it to pump again. Ugh, I regret not withdrawing last November. But it is okay though.

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2 years ago

If there's a surge, there's always a dip.. If it surges higher.. It will dip so hard as well...but what certain is, it will recover sooner or later

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2 years ago

Times are tough. I guess the bear market is what makes us or breaks us. We’ll come out of it broke or stronger ;)

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2 years ago