Why Crypto Crashed?? What should we do now?

7 months before when I joined read cash, it was exciting to see one BCH holding the market value of almost $600. I still remember the first time I reached 1 BCH in my wallet and my wallet valued upto a whooping $700 and how happy I was to see me finally making something for myself online working from home after 10 years of leaving my regular job.. I still distinctively remember seeing bitcoin at $63,000 and Ethereum at $4000+ and showing my husband how awesome those prices were.. not gonna lie, but I had so many regrets by then for not taking bitcoin seriously every time I got an opportunity to mine it.. It still stays strong in my list of regrets for not looking into crypto market sooner.. But it's okay, at least I'm now in read community earning BCH everyday. So thankful for that.

However, slowly but surely, month after month, we have seen a downfall in crypto while it reached $400 and then stayed for a couple of months in $300s. I was told by user friends here that last summer, the BCH valued at it's most at a massive $1800 and since Jan, I was hoping for it to go beyond $1000.. And the markets during the February month did show some progress by increasing BCH from $330 or so towards $400 again. My excitement had no limits. I thought, yeah this is it.. we are gonna see it in increase trend again.. It is with all the disappointment that BCH now stands at a sad $221.63 and look at the difference between what it should have versus what it is now... Can you imagine BTC also losing value from $64,000 and came crashing down towards $30,000? I mean, wow.. that's horrible.. All our current plan is to we best hold the crypto and hope for good days ahead for investing or exchanging or whatever..

The reasons for the downfall was mentioned as;

• Major reason being, Most of the Cryptos usually move in correlation with the world's major stocks and when stock markets across the globe collapse, at least the major players, it of course affects our crypto market.

• The global markets whether they are organized financial institutions or decentralized platforms like crypto are seeing a downward spiral right now because of the rise in inflation.

• Of course who can forget the on going tensions between Russia and Ukraine and the whole war scneario.

• The on-going financial crisis in countries like Sri Lanka where they completely lost their currency value..

The sad thing of all this is gonna continue for few months and experts are not sure about the recovery of the market anytime soon in coming months..

But what can we do until now?

• Definitely do not panic sell. It is a huge issue that is currently happening right now in BTC market that traders are selling their crypto to whatever price they can get. It not only pushes the markets to much low, but also creates losses for the traders who bought the coin at higher price but can't sell it for bare minimum now.. so you better hold maybe future is bright and maybe we will see crypto at it's original glory.

• Be very careful in investing. Too much optimism is also bad sometimes because one night invest a lot of money now on crypto thinking it will increase it's value soon but if that won't happen in coming months, you will not only succumb to losses but also lose interest in investing in future thus affecting the liquidity of the markets.

Be smart about the platforms guys, if you ask me what we have to do? just do not do anything right now. Hold your assets well and wait for the right time to jump into trading in future because we all know, if it is down now, there is no other way than up...

what do you think about this guys? what are your crypto trading plans?? let us guide each other please...

Love you sponsors, let's hope for better future

Yours bloggingly

@Theblackdoll