This is by no means a financial advice, all the things written are based on my own research and assumptions. Theories and idea are mine. Read and learn.

Recently, you would have notice the big dip in most of the Big crypto in the world, the likes of BTC, ETH, BCH, LTC and the likes, most of this commonly use crypto suddenly had great dip, and many investor lost some cool cash, but only a smart investor would have seen this coming because this mostly happen in November, December and January, but actually not to this extent of dip.

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According to some research I made, cause I was surprise by this great dip.

Some reason behind the dip

1. Dormant wallet

Many dormant BTC wallet which has been asleep for a very long time suddenly became awake, a wallet containing 1000BTC, 225BTC and many more suddenly became active and huge amount of BTC where moved from one wallet to another, and this kinda cause what I will call traffic in the system, the movement of this huge amount of BTC kinda devalue the coin hereby causing a dip

1. Miners

Currently now, in a place name Kazakhstan, which is one of the biggest BTC miners have been shut down by the government, why?? I really don't know, but maybe its because mining BTC consume a lot of energy and their government don't have enough energy to spare for everyone, anyways if you want to know more about that, you can click here, the people of that place have protest against the government which later turn out into a violent protest.

1. Investors

As we all know, investors no matter how much they have in the system, they all matter, as the year 2021 draws to an ending, everyone would want to enjoy the festive period, so this made any investors pull their coin and converted to dollars so they can enjoy the festive period, this is also one of the reason for the dip, there are many more reason, but this is all I can say for now.

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What to do

Well, this is what I do during this dip period, I will tell myself, no matter how bad the economy is, people will always want to invest again, because they have high hope for crypto, investors are bound to invest again, miners will get back up soon too, and things will go back to how they use to be shortly or soon, so what do I do during this dip period, I buy and hodl, doesn't seems wise? Well everyone with different knowledge, I don't just buy BTC, I buy other Ath coin, cause I know, one will start to do better than the other, we don't know which will give us a hope first but I know there is a light at the end of the tunnel.

In conclusion

Remember the first 5line at the beginning of the article, I really don't know why other coin are also having huge dip, is it because of BTC, or dollar price in the market, or any other thing, I know you want to know, anyways, keep a sharp eye and watch out.

Thanks for reading and thanks to all my great supporter and sponsor. You're all senpai

Article type: cryptocurrency
Date: 12/01/2022
Time: 9.30pm
Author:©Fashtioluwa