Is Possible Crypto Going To Zero?

in India Speaks2 years ago

Hi all, Once again, I have come up with an interesting educational post about the crypto industry.

At present, all we know is that we are facing bear market waves, but at this time our minds think more negatively than positively.

Because we are already stressed after witnessing a massive market correction, our minds tend to think in that manner.But if we check the history of the market, we can easily understand that these are very common in any industry.

During the bull market season, everyone begins to promote cryptocurrency.I think dusty may overcome the gold market soon. Bitcoin hit up to $1 million dollars like that.


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Concerning the bear market, they are once again promoting the market going to zero, and Bitcoin may also go to zero.They indirectly create fear in the market with their promotions. However, common people are falling their trap here: in a bull market, listening to those words leads to massive investments with no booking profit, while in a bear market, they exit with empty hands.

Like those stories we hear very commonly here, it is really possible that the crypto industry may go to zero.

In my opinion, it is possible. In this post I try to explain the reasons too. But it's not possible 99% of the time, there is a 1% chance only. So if you are investing in crypto,don't trap influencers' words, just hold on and wait for good days.

At present, a lot of government and private projects are building on Web 3 using Blackchain Technology to provide better financial features to us. They, like those projects, will survive in the long run here, but useless projects will be destroyed during a bear market.So, choose the correct project for your investment.

Reasons for Capping the Crypto Market at Zero


Here I attempt to explain how we may see crypto to zero as a result of what happens. Without those, cryptocurrencies will not reach zero. The only correction in the cryptocurrency market we get is a small one. Besides, nothing happens here.

The US government has prohibited the use of cryptocurrency.


Yes , if the US government bans crypto, then you may see a huge crash in the market.

We all say crypto is decentralised, but in reality it is not 100%.

To exchange crypto to fiat, we again follow government rules. Otherwise, it is not possible to convert our digital money to fiat.


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If they prohibit conversion, how will we survive?

That's why if the US government puts a ban on the crypto industry, we may see the crypto market go to zero.

But it's not happened because in before US lawmakers already gave clarification on it. They are not interested in banning crypto, but they will regulate.

By refuting, we can easily avoid illegal crypto-related activities.It's a really good sign for the crypto market.

From regulation, crypto gets trust. Safety also attracts new retailers and investors who put their money here.

Significant ETH Failure


At present, all we know about ETH's upcoming merge is from POW(Proof-of-work) to POS(Proof- Of-Stake).

If any major issue occurs during this merge, we may see a major crash in the crypto market.


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But it's not so easy because before merging to the Mainnet, they do a lot of Testnet activities. If Development is satisfied with it, then they move to the mainnet.

This process has already been completed in ropsten testing recently. They tested successfully without any issues. As a result, an ETH crash due to a merge is not possible.

USDT/USDC Depreciation


All we know is what role Stable Coin plays in the crypto market.

Most crypto investors, intuitive investors, and even small and large projects keep their treasury in the form of stable coins mostly.If it loss it's pegg then we may see crash in the market.

At the moment, USDT and USDC have a combined market capitalization of around $100 billion dollars.

Tether's projects say USDT+USDC is assessed to be 100% backed by reserves.


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Source

That's why users, without getting any issues, convert Fiat to Crypto as well as vice versa, Crypto to Fiat.

If it collapses, then the crypto industry will lose trust from users. Then crypto also does not exist.

In those situations , we don't get an easy way out. 99% unlikely, but there is a 1% chance.

We need to get crypto to zero for the those major reasons only.Otherwise Crypto not goes to zero.

But the present market is a bear market, which means it's healthy correction duration. In this situation, lots of influencers promote, crypto may goes to zero soon, do exit before you rekt. Those words "don't trust" and don't fall in their trap. Like those very common in bear markets.

In my opinion, every 2 years we may see a big crash, followed by a big rally. It's a cyclic rotation, so invest in the bear market and exit in Bull Market.This is a smart way to multiply our investment.

Reasons for the Present Situation


Present bear market is very different from the previous season.

During this season, we may face a slew of hacking-related issues, as well as the collapse of several large projects, including Luna, 3AC Capital, and others.All giving bad impact on the market. That's why it's taking a huge time to recover.

Not only that, but some other factors, such as

  • Inflation

  • Interest Rate Hikes

  • Russia vs Ukraine War

  • Economic Downturn

And many more other reasons for the current market collapse.

Watch this simple video. You get the present market situation.

Source

By taking it here, I upload it on Youtube and then share it here. It's not mine. adapted from the source

All, in my opinion, have a short-term impact, but in the long run, we may see good market growth.

Conclusion


Don't trust influencers' promotions in the market. Always do your own research. Invest your money in good projects for long-term needs. Don't think about short-term purposes; always go for the long term. Those give good returns.

It is not possible to go to zero. There are no chances because many large companies, including Nike, Animaco, Samsung, Tesla, MasterCard, Paypal, Micro Strategy, and many others, have begun developing new projects using block chain technology.In the next 5 to 10 years, we will see major changes in the financial markets. So be ready accordingly.

Thanks for Reading and Spending Your Valuable Time on My Post.

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 2 years ago 

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As far as I'm concerned the US government will never ban cryptocurrency because people are trading with the dollar and cryptocurrency USD and USDT, they anyhow have been involved in trading and invested USDT.

 2 years ago 

As far as I'm concerned the US government will never ban cryptocurrency because people are trading with the dollar and cryptocurrency USD and USDT,

Yes agree with you.

So no fear kn seeing oresent market situation.. Sokn it recover.

Thanks for stopping my post.

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