Crypto's CRASH but why this is BULLISH

As you can see from the coingecko chart the prices today suffered a tremendous drop.

The decline to Bitcoin and Ethereum was more than 8% and as we scroll down we see that most cryptocurrencies lost an average of 15% of their price.

And the total market cap of cryptocurrencies is still above two trillion dollars. In previous years this was going to be already considered unrealistic and when I expressed the view that this market was going to easily reach trillions usually I was confronted with laughter and hate talk. It made me more convinced and this was the reason I stayed and kept investing.

Did cryptocurrencies drop because of some massive event that scared investors away? Was Ethereum or another blockchain from the top met with huge bugs and investors lost confidence in them? It seems that the reasons are far away from crypto.

This dip was also bought like the previous.

There is a reason that I find bearish news on economy to be bullish for crypto

With limited investment in the last few months when compared to the previous year, cryptocurrencies keep holding at levels around two trillion in total market cap, giving a huge boost of confidence for the market.

We have seen previously the bear markets and cryptos losing 80% and more again in their total marketcap, but the volumes dropped a lot lately without any major exits.

Those that bought throughout 2020 and 2021 are long term investors, they bought and will hold for ten years. Not just a huge volume of the top cryptocurrencies have passed to more stable hands, but speculators at the current prices have less effect on price, making the market more stable than previously.

And to make it better, in case of stocks and housing market finds trouble, the big money will move into cryptocurrencies and gold. Crypto is now a safe haven and will act as such for long term investors. A safe haven with extreme returns that is still in a phase where millions of investors are strategically building their future.

Find the strength to keep your investment longer

As investors we are blinded by the quick profit and may make the mistake to exit too soon without making huge profit or even for some will exit at a loss if they were too late.

There is very limited sellers all the time in almost all cryptos, some are scammers and some are getting greedy but most are not. There is also very little talk of a bubble in the cryptocurrency market, since all the previous bubble talk was disrproven by a new wave of adoption and investments.

There is one problem in the market that makes cryptocurrencies not stay within the attention of investors. There is always something new that appears to be better than the rest. This is an industry too, there is too much hype created that reduces some strong projects in the eyes of the new investors. But the market adjusts again and it can take years but the crypto that deserves it, is always close to the top.