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This isn’t a “dip” its a full on crash…

All Cryptocurrencies

by COINS NEWS 175 Views

Luna, ranking 8th in market cap, went all the way down 208th in a matter of two weeks dragging multiple other coins along with it and wiping out tons of funds from the market.

Also Bitcoin is down by 56% from its all time high as we speak right now and the majority of alts are down by more than 80%

I know that this doesn’t sound very positive and that it’s not what we want to hear, but we also cant be delusional. This is NOT a “dip”, its a full blown market crash.

I’m not saying this to discourage people from investing. In fact, the majority of wealth is made from investing in bear market and right now there are many projects focusing hard on future developments which is really bullish for the long term.

You got Ethereum growing more and more and heading over to PoS and others like HBAR foundation pouring hundreds of billions of dollars on projects that will expand the Hedera ecosystem and make it one of the major players on the market.

So technically the fundamentals are still there and are very sturdy and I don't think we should be worrying about the future of crypto cause I'm pretty sure we're heading the right way seeing all these developments in the market.

I’m just saying all of this so that people don’t expect a quick recovery in a few weeks just like how many delusional posts are suggesting. This shouldn’t stop you from investing at all but just don’t get frustrated if the recovery takes a while.

submitted by /u/ImmediateAnywhere8
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