Bitcoin is still in Red

in hive-183397 •  6 days ago 

This weekend is still not good for cryptocurrency market and now the price is around 96k us dollars. After the tariff news that has come from the United States things are still on the red colour encrypt market and not just Bitcoin but many other coins are also dropped a lot.

It is hard to say that when we will see the recovery in the market but I believe that this should be taking uplab months for the market to recover and then only you will see some greenery in terms of the value appreciation for various coins. Not the bigger question is that why people are worried in the market and is it the time to exit this market?

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I would say no because this is not the first time we have seen this type of sentiments in the market and properly this is not the last time because we will get to see many such incidents in future also. If we think about the long term perspective than there is nothing to worry about because the market is something that keeps on going up and down and steel but coin is not that much down.

This time looks like alt coin is going to be different which is obvious because now the count of alt coins is very high in the market and still we are getting so many new coins in the market so it is difficult to say whether any coin will grow to a very high level or not and it is completely dependent upon the coin that we are invested on and how it's community performs.

Thank you so much for stopping by and if you like my content, please vote and share your thoughts in the comments section.

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Upvoted! Thank you for supporting witness @jswit.

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Your analysis of Bitcoin's current dip is both timely and well-articulated. You've captured the sentiment in the market without losing sight of the broader context.

One question this raises is how these red days might influence investor psychology in the long term. Could repeated corrections lead to a more cautious approach or perhaps even spur innovation in risk management strategies within the crypto space?

Great work in keeping the community informed and engaged with the realities of market fluctuations.

Nothing to worry even now if vision is for long term. Thanks for your encouragement

It is a great article of Bitcoin is still in Red
.

There was a time just a few months ago when seeing bitcoin at this level was like a dream and now this level has become the new normal.

That's the beauty of Crypto market where impossible is possible

Tasks done-

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