Value crisis in the cryptocurrency market and how does it impact other areas?

First of all I must clarify that I am not a specialist with this topic but just a simple user with basic knowledge about cryptocurrencies and their use. Having said all this, let's continue with the content.

For today, 01/21/22, I was reviewing the market value of Bitcoin, as it is one of the main currencies most used in the world of cryptocurrencies, and which I usually own apart from Bitcoin Cash. Its price at this date is around $38,652.25, a value that is very low since several months ago when it reached approximately $66,000. When I saw that figure my spirits went to the floor because as I mentioned before, my savings are among these coins, and to this I must add the low participation in activity that can be noticed in NoiseCash, due to all this and the constant updates that have occurred within it.

In saying all this I am not trying to alarm or discourage you but rather to expose several points that should be taken for analysis and learning in the world of cryptocurrencies. We could start with: 1- do not keep all your savings in the same currency or the world of this as are the crypto (not to speak ill of these but given its instability in value is not convenient), so it is always good to have assets in other forms of currency such as dollars or euros. 2- we are in the presence of a very strong drop in its value, but the big question is how low can it go for a big rebound? 3- activities in decentralized social networks have been currently with very low participation among its users, so will it be when the price of crypto rises that many users will return to challenge their accounts to give more dynamism in interaction? 4- this is a great moment that benefits those who can buy cryptos, the question is to wait for the lowest price they can get for their profits.

Having said all this, what do you think, how do you see the situation in general with respect to each of the above points, do you think a big rebound in the value of crypto is coming in a very short time? Leave your opinions in the comments box and I will be glad to read them.

Without further ado, I bid you farewell until the next installment. See you later.

Image source:

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