Greetings to all readers of this great platform, especially to those who make life in the great community of #ProjectHOPE, in the present opportunity I come to talk a little more about the crypto market and the possibility of an extended crypto winter, many of us know that these are not circumstances that we want to be repeated, after what happened between 2017 and 2019 in the crypto market with more than 1 year of a bear market.
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The market situation despite that small recovery, is still very worrying, these is because we are facing a bearish market and remains latent the possibility that this will continue, these possibilities is seen in the number of failed attempts of the market price to try to raise its value, in addition to the great instability of the accumulation zone that presents the crypto market, which is worrying for many.
Among the reasons for this delay in the crypto economy, we can mention the financial problems of many countries, which has affected their financial institutions, reason why they have not entered money in their investments in the blockchain, which is usually at the beginning of the year, after they make the corresponding settlements and compensations of the countries, in addition to this situation the financial institutions are profiting with loans of more 7% monthly, and thus retain the money out of the blockchain.
On the other hand, the Gemini company owned by the Winklevoss twins, those twins who won the lawsuit against the creator of FaceBook, have a company based on the decentralized economy of the blockchain, after generating a lot of income with their millionaire investment in BTC many years ago, they have decided to make a 10% reduction of their employees, based on the fact that the winter of cryptocurrencies can be extended for a long time.
Additionally, CoinBase being another company for employees in cryptocurrencies, has decided to lower job offers, in addition to rejecting all applications that had previously been accepted and had not yet started their work, this being the situation that is handled, are indicative that the crypto winter may continue and last for some time indeed, being a situation that we must take caution with respect to our income and our disbursements of money.
Hello @chucho27, I also think that this crypto winter will be longer than we would like, the dates have passed and we have not observed any recovery in prices and some investments have collapsed without recovery measures, could it be that we should just wait in our caves like the Bears?
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Greetings @tocho2
There are 2 ways to face this winter, the first one waiting like sheltered bears for as long as needed, the second one sell our tokens in market peaks and buy back more tokens in pullbacks, with this we increase the amount of tokens available, and keep waiting for this cold winter to pass.
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I'm a bear ;)
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hello @ chucho27
I fully share your position ye I think this winter will take a long a little time, we must be prepared psychologically to endure it and wait for the best moments .
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Muchas gracias por compartir tu publicación
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Greetings @dgalan
Sadly, the winter of the crypto world has extended and even more so with what happened yesterday and the big drop in the price of BTC that took the whole market into a really uncomfortable zone, being all in the red currently.
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@tipu curate 2
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Upvoted 👌 (Mana: 1/5) Get profit votes with @tipU :)
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Thank you very much for supporting my content.
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Hello @chucho27
Unfortunately I see that what is coming is not good, in the short term I see more market downturn, unfortunately.
And that could even could extend to the end of the year, or beyond.
It corresponds to wait, be patient, and look for options in income that is based on stable currency.
Now we must be very careful to invest, because there is a lot of instability in the global market.
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Well... in 2 months i feel, markets going to flip... or rather take off... we are provable in a accumulation zone now!!
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Despite the small recovery, the market situation remains very concerning, as we are still in a bearish market with the possibility of this continuing. These possibilities can be seen in the number of failed attempts by the market price to raise its value, as well as the extreme instability of the accumulation zone that the crypto market currently exhibits, which is concerning to many.
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Hi friend, very much agree with you, I also think that the market could stay down, something that will certainly affect all of us who work with cryptocurrencies. It is important to be patient, the market always recovers, the whole world situation is not easy and therefore has global repercussions. Greetings.
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We are in accumulation phase now and things shall get to normal when everything is in place
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