Red Hot. Savings go to the ground.

Oct 10, 2022

Today has definitely been 24 hours of intense red. The crypto market is bleeding at quite unsuspected levels. As expected, the one who has suffered the most is BCH itself. More than 5% loss in less than 24%. The incredible thing is that if I recovered that 5%, I would do it for sure, but in days or weeks.

• A lot of work to go up, only a few hours to go down.

Why do other users sell?

They are afraid of missing out and keep selling. This creates a chain reaction. Everyone starts selling and the price drops precipitously.

There are also the traders, who handle a huge part of the market with their purchase and sale operations. This causes the price to fluctuate constantly depending on the dynamics. Traders are always looking to make a profit and ultimately leave their money in USDT most of the time. This shows that they are not interested in the cryptocurrency itself, rather in how to take advantage of its ups and downs, in usdt.

What to do on days like t hese?

• Try to avoid constantly looking at the chart.

This causes you to get stressed and end up making hasty decisions and sell low and buy high. Attempting to trade you at times like these can be fatal if you barely know what you're doing.

The best thing is to rest, listen to music or play sports. Find alternatives to anxiety. It also helps to watch a series or movie.

How far are we going to stop?

BTC keeps going down. The world is at war and sanctions are spreading to all corners of the planet. This makes the economy, both in a country and on a personal level, on the verge of collapse. Surviving this global crisis will make us come out of this situation stronger. War only brings hunger, misery and destruction.

I believe that BCH will continue to follow BTC as best as possible. If BTC drops below 18k again, we may see BCH below $100 USDT again. This would certainly be heartbreaking in every way.

We have to wait to see what happens. We can't do anything else, just wish for better times.

The war between Russia and Ukraine has affected the entire planet and they still don't have an end date. The reasons are many, but the main one is the lack of communication and understanding between both reasons. Politics has very ugly nuances when it comes to interests that do not coincide. If those interests are not aligned then it could be a disaster like never before seen and some would say of nuclear proportions. If the first nuclear bomb was launched, there would be no turning back and death would be assured.

See you tomorrow!