Do You Think Crypto Is Boring?
BTC price is moving back and forth between 18k to 22k. There is no big price movement. Cryptocurrency is considered highly volatile. You don't see much in the price. It's boring and you are wondering how long the crypto market will be like this.
Do you really think crypto is boring?
Bitcoin does not change fundamentally. Do you remember the good news coming out consistently about Bitcoin in the bull market? Everyone was talking about how great BTC is, and it is going to solve a lot of things. After reaching ATM, the BTC price goes down. We are in a bear market.
It is very common that the market moves in a cycle. The price will never go up always. Sometimes you see the crypto market moves in sideways. Sometimes there is a downtrend in the market.
You can see development in different crypto projects. It may not draw many people's attention because the crypto price is low now. And it is supposed to be low in a bear market. We have crypto gaming, DeFi, NFTs, and how centralized platforms like Facebook attempts to grab the market's attention by changing their name and development. It shows a clear indication that things are moving toward web 3.0. Web 2.0 lost its cool and appeal to the people.
The government is going hard on crypto with sanctions and lawsuits. It is a wake-up call. If blockchain and cryptocurrency are something to ignore, why does the regulatory agency go hard on them? There is fear in the market because of this and it's temporary. It shows how important it is to be decentralized and it leads to more development in the crypto space.
Someone is a good person and has the qualifications and skills to do different things. Do you underestimate and ignore him only because he does not have a lot of money now? When someone has a lot of money, it changes the way most people think about him. But he was the same person when he did not have a lot of money.
If you imagine Bitcoin as a person, blockchain is the qualifications and skills. It will eventually make a huge change in our life. Now it is up to you whether you pay attention or not. As a matter of fact, this is an exciting time to accumulate crypto and grow your portfolio.
The next bull run will be a big one, no doubt about that. Are you prepared for that? When you ask yourself this question, crypto will not be boring anymore. You will thank yourself in the future for grabbing the opportunity that we have right now.
So what do you think? Please feel free to leave your comments. Thank you for reading this post. That's it for now. I'll be back with another post.
Crypto is quite exciting eventhough it's volatile. It's too risky but that's how crypto works. More patience.