The plummet of cryptocurrencies has shaken the confidence of countless traders. Will the digital money market be doomed？ How can we cope with the situation？ Answers can be found herein.
If you just speculate digital assets based on the hearsay from your chat groups that includes pyramid schemes, multi-level marketing, and a hundred or thousand-time increase of prices played up by a cluster of people, you are apt to draw a conclusion as you always did in face of any hype before that this market will be finished when you see the plunge of cryptocurrency prices.
On the contrary, if you follow the latest progress of all projects every day, contemplating the influence on the future made by new forms, including Decentralized finance (DeFi) and non-fungible token (NFT), you will firmly believe that the cryptocurrency market will never end but be bound to create the phenomenal situation beyond people‘s expectation. There is no doubt that the fluctuation of digital asset prices affects people’s fortune but your better understanding of blockchains can help you surpass the majority.
Views pertinent to the industry are listed as follows:
There is a consensus that the bull market will come in September or October.
The market will experience movements in a month or so and embrace a clear direction within a week at the earliest which will see either an uptrend after breakouts or a backlog of the downtrend.
Please dont go long under the context of an uptrend as it may be a market that induces you to invest more.
Virtuosos can carry out selling when prices are high and purchasing when they are low to profit from price spreads. As for others who are not that professional, please just hold what you have without more investment.
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