The value of Bitcoin down: what can be done at this time?

Yes, friends, we have had the bad news that has occurred in recent days due to the fall of Bitcoin, which in turn affects the other cryptocurrencies as this is the most popular and reference in the world. In just one week there has been a devaluation of 16.43%, placing the value of the currency currently at $32,137; and among one of the possible causes is the war between Russia-Ukraine, a war that has already started several weeks ago, but now we must ask ourselves: what new factors have appeared and contributed to its decline? This is something that has come as a surprise to some of us -in which I include myself-, and perhaps not to others for what possible answers they may already have.

The truth is that these downward movements are not new, they are cyclical events that are usually repeated from time to time, in which it tends to go down to a certain limit and then resume its rise. Now, the question is when it could happen, and how low its value could be and how high it could reach. We can only continue to wait and see as we keep track of its movements, because this roller coaster is in full motion.

For some people these may be good times because the lower the currency falls the more they can buy at good prices; for others it is just a matter of enduring this storm because they have part or all of their money saved in cryptocurrencies; and others are jubilant because they feel that the belief in the strength of Bitcoin has been dismantled, because it is considered a system to swindle people (cataloging it as a pyramid), in which only the big whales come out winners -these kinds of opinions are perfectly available in the Internet forums.

If someone asked me what to do in these moments, I would only say that we should wait until everything calms down, this is something that usually happens, and that these moments are not good for those who have their savings in cryptocurrencies, so it is better to use other assets (cash).

As for you, what do you think about this issue, do you think that the drop is due to a movement between the so-called whales or are other factors, do you consider that the value could reach up to 20mil $? Share your answers in the comments box and I will be glad to read and respond to them.

Without more to tell you we will meet in a next installment.

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