Crypto Winter Ending Soon?
The Crypto market has been going through a rollercoaster ride for the last two years and we have seen a couple of incidents that affected this market badly. You can talk about the Luna incident and of course, ftx cannot be missed since it has also caused bigger damage to the market. Both of the projects have done unexpected damage in this market but still, things are not that bad. We have seen the Bitcoin price hovering around 15,000 to 16,000 but now it is currently 26,000 us dollars which can be considered as a nice price mark.
Although it is not even half of the amount that we have seen as an all-time high if things get better then we are going to see Bitcoin reaching heights. Currently, it is crypto winter which we also call it bear market so it is a tough time for everyone including the investors and the holders. If your goal is too long that means you have planned it for about four to five years then I'm sure there is nothing to worry about. This is because you have no plan to sell out no matter what the market condition is but if you are a short-term investor then the current situation is not pleasant for you.
Bitcoin halving is scheduled to happen in the next year and experts are expecting that after the hall we can see better market sentiments after a few months. This has happened in the past but there is no guarantee that it is going to happen same this time as well however looking at the adoption things are still on a better level. Some experts are also sharing their thoughts that the crypto market will be ending soon and a kind of positive momentum and adoption has already been doing good. It may be true that the duration for Crypto in winter is ending soon but this soon is not going to be few weeks because in any case we will have to wait till the next year to see some significant improvement in this market.
There are multiple opportunities in this market but we also need to understand that everything needs time to grow and similar fundamentals are also applied on this market. You need to give it time and justice in case if you have joined this market to get rich overnight then you are at the wrong place because at least in crypto market it does not happen and if it happened with someone then it's pure luck. I know that some people made hell amount of money from this market in very short span of time which can be called luck and not proper research-based investment in my opinion.
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Heres a free vote on behalf of @se-witness.