Will Crypto Market Take Us To 2023?
Image by Pete Linforth from Pixabay
The crypto market current situation bring such negative thoughts in my mind. Am I the only one who thinks that crypto market can take us back to 2023 and I can remember those days when bitcoin price was roughly $16k to $20k. Where is bull market? Bitcoin is not yet bellow $65 but few altcoins dump shockingly. What if bitcoin price go bellow $60k? Altcoins already so much down and that's my concern.
Bitcoin investors go grab the chance of buying dip because somewhere I believe that cryptos will pump after this shocking dump. This is not my crypto observation but prediction because my trust on crypto make me feel like that. The red candles in crypto market is not permanent but still it scare many small investors like me. I may hold my crypto for next 3-6 month if it doesn’t allow me to make profit.
Sometimes market force me to take risk but risk taking doesn’t guarantee us profit and a investor who already experienced several losses in the past will definitely take time to rethink and may come back to trade. We all know 2022 and 2023 was absolutely dump season in crypto market and many investors took the advantage of such down time as they bought dip and awaited for double profit.
Say an investor bought a bitcoin worth $20k dollars and sold it when bitcoin price at $60k-$70k which means that investor made more than 3x profit from his investment and this is a decent amount of money for common people who wants financial freedom. Count me as one of the common people. I can't afford buying bitcoin but the math made me motivated to invest on crypto coins. I don't even have $1k but I have a dream of $60-70k worth bitcoin. There should be no restriction on dreaming so I dare to dream such big.
What if we go back to 2023? Many smart investors will prepare to buy dip and may wait for bull market. I can see crypto market is down right now but still I set a unbelievable price number that can take a lots of time or can be possible anytime. Crypto market is full of thrill and here anything can happen anytime. I'm holding crypto for next pump ans it should be more than my buying price. Personally I don't want to get back 2023 because I don't have anything to buy but definitely many investors can wait for another dump that happened last year!
Thanks For Stopping By!!