Although there is no negative news at the moment but after that the price of altcoins has reached the lowest bottom. One of the reasons behind this is that Bitcoin dominance is very high. Due to which the price of Bitcoin has decreased slightly, but the price of altcoins is falling hugely. So coming to this position many may think that bullfighting is nothing really but a trap. But it is true that the bull fight will come but when it will come cannot be said exactly. But if we review the previous years then according to that review we can say that the bull fight will start this year itself. Although the time is not fixed. But another important point is that in the past, especially in the years after the Bitcoin halving, March has been one of the best months for Bitcoin and other coins every year. Especially those whose money has gone down a lot due to investment, wait this time a little patiently. Hope you are going to get a very good return in the future.
But this time though in depression or panic but if you have free money then you can invest safely now. You are currently getting every coin at a huge discount. Because most of the coins are currently at rock bottom prices. Each coin has created an all-time low. If you can invest from this position then expect huge profit starting from minimum 5 times. You can accept the current situation in the market as normal. Because the big whales who are there don't want small investors like us to be in the market and for us to sell out of fear and not buy back at the price. If you don't want their efforts to succeed, then of course I'd say be patient. And if money is free then you can invest in good quality coins.
I think in this case you can invest in $steem coins if you want to be sure of multiple profit in future and want to make money and be safe. For example, if you analyze it a few days ago it was above 39 cents and it was listed on Binance at the end of April 2022 and so to speak. So to say it has not yet entered a bull market. So I think it will bode well in the future especially in this bull market. If you want to enjoy 5x profit assuredly then I think it will be the best investment. Even if it clears the past all-time high, at least it will give you a profit close to four times the current price. Of course you may have to wait for some time but hopefully you are going to get a good return this year.
However, Bitcoin price may retest from the position it is currently in to the downside as there is a huge amount of liquidation and expect Bitcoin to retest to create an all-time high again soon. Although currently suffering the most we are dominated by Bitcoin. Because currently bitcoin dominance is very high and hopefully very soon bitcoin dominance will start to decrease and drop huge amount. As a result we will see a massive rally in the altcoins that will move upwards. Moreover, from the current position, I think that the price of Bitcoin is likely to double and hope that the price of Bitcoin can reach close to one hundred and eighty thousand dollars in this bull fight. So I will tell you to be patient and hopefully you will get something good soon and this time hopefully this year.
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Upvoted! Thank you for supporting witness @jswit.
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@tipu curate
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Upvoted 👌 (Mana: 2/7) Get profit votes with @tipU :)
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You are right but I think you should invest in top coins, which will give you good returns if you wait for a long time.
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We all have no choice but to wait.
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