Multiverse of Dip-ness
The cryptoworld is nothing else than a bubble, and all bubbles burst eventually.
Cryptocurrency is a crazy and confusing space. Most of all cryptocurrencies have experienced a dip in value.
For a while I've noticed the prices of all the Crypto are going down and I thought to myself, "What is happening?" I then realized that this is just one of the stages of all cryptocurrency's lifecycle. It's like when a baby forms in his mother's womb and then he leaves it, he experiences a dip. After he leaves the womb, he will experience a dip after every stage of his life.
There are a lot of people who don't understand this concept, but it's not a surprise because it's very difficult for people to understand Cryptocurrency. I've been studying these dips for a while now and I can say that the dips have always been brief. Even if the dip goes on for weeks, it will only take several weeks to get back to where you started before the dip.
Bitcoin, BitcoinCash, Ethereum and a lot of other tokens has lost so much value that it's now laughable to think of it as a 'safe haven' asset, like gold or even an investment at all. The slightest hint of a Bitcoin rally makes crypto enthusiasts jump up in joy before they immediately sober up the next day. The crypto industry is currently an experiment in which people are investing their hard earned money.
The benefits of this dip are that it forces people to re-evaluate their holdings and it paves the way for a wave of innovation in the coming months. The effect of the dip is already making waves across the cryptoverse, with many people talking about their holdings and feeling sorry for themselves.
It's important to understand how the market works before you invest.
When the market is in the dip, it is the great time to invest in cryptocurrency. Cryptocurrency investment requires time and patience to see the long term profit. You have nothing to lose but much to gain.
I always tell people that they should treat all cryptocurrency as if it were dip. This way they can prevent themselves from making any irrational decisions.
In conclusion
The market has definitely been a roller coaster lately. All cryptocurrency are in the dip currently, but it's just a matter of time before they start to recover.
The whole cryptocurrency landscape looks like a giant dip. If we look at the value of the cryptocurrency market as of last week, we can see that it's hard to know where it will go next. I don't suggest buying any cryptocurrencies at this point because I feel like they are all in massive dips.
It's hard to tell which ones will emerge from the dip and also, risky too. I'll advice anyone to wait for their values to settle down before buying.
Thanks for reading 💚💚
We are just praying that it begins to rise anytime soon cos it's beginning to not be funny.