Thoughts On The Crypto Market Right Now

If you guys been keeping up with the market then you know it's be one hell of a roll coaster ride recently. There's a lot of reasons for this though. In todays blog post we are going to go over exactly why this is happening and what the outcomes could be in the future. I'm also going to look into when all of this could possibly end. Before we get in though let me start of by saying I am not a financial advisor so don't take this as financial advice. Use my advice and blog along with your own research. Now lets get into todays topic. 

How Did Crypto Get To This Point

What we are experiencing right now in crypto is something we haven't seen in years. The price of cryptos hasn't dipped to these lows since the late 2010s. Now the reason for this I think is very clear to anyone who's been keeping up with the news. Let me just remind you though incase you forgot or haven't heard yet. The current volatility we are seeing at the moment is because the market is being manipulated. The people behind it are very clear. Some are famous others not so much. But one I'm sure everyone has heard of is elon musk. He has recently been playing a treacherous game of manipulating the price bitcoin and doge coin with the power he has with retail investors. He isn't the only one just one of the very famous people to use their fame and power to convince your average joe to either invest in the coin they have most invested into or into projects that are shit coins and the celebrities are either rewarded for their shoutout or gain some sort of benefit.

This is the leading cause of the volatility. But it's also not the only reason big finance and wall street also have a play in this as well. They are the ones who really started this dip. They saw that the retail investors where investing after the economy started to open up particularly in the united states and took advantage of all the money flowing into cryptos and purposely sold huge amounts of crypto. You can tell through technical analysis that big traders where trading in huge amounts preparing for the crash. Retail investors followed and now we're at the point where we at now. 

Crypto market as of now

Now as of 6/19/21 bitcoins price is at $35,814.90 with Ethereum's price being $2,237.89. If we take a look at the market we see that the market is hitting another low again. While it's not as bad as the last two low dips we've seen the last two weeks it's still at a below average low. This is a good time to get into the market before the price hikes back up again on all cryptocurrencies. Now I do believe this cycle will continue if we look at the last two weeks for analysis and based off of currents events. We will probably see a all time high in the late summer with the prices falling backdown due to this being the holiday season and everyone is spending money so less money from retail investors. If you want to see profits then these dips are the best time to get in before retail and wall street gets back into crypto. 

The Future Of The Market

Now like I said before the price of crypto might hit it's high near the end of summer. When this happens do not FOMO like retail investors and loose your money. Instead if you can't get on the hype this summer then the winter time will likely be the best time for you to start investing again. How ever it probably won't be as cheap as it is now unless the market continues with this trend or another incident/event happens in order for the price to fall down to these levels again. I will say though the market will most likely stay volatile for the time coming until the market can stabilize out. If you enjoyed the post leave me feedback to let me know how I did. Your likes and comments are always appreciated and if you really enjoyed it if you don't mind sharing it so we can help spread the word to others who need it.