The market condition is very bad, it is better to stay away from new investment at the moment

in hive-183397 •  16 days ago 

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Assalamu Alaikum

how are you all As the market condition is very bad at the moment, many people may not be well, especially those who have invested in ALT Coin for a long time, their portfolio should be -50% Down at this moment. The huge amount of Good News in the market is not able to move Bitcoin higher. The Bitcoin ETF was approved last February, and the halving was complete in April. One thing we must note is that Bitcoin is not coming below $60K due to the Bitcoin ETF being approved.

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But now it is said that there is no benefit for ALT Coin Investors like us, because no other ALT Coins have seen much performance except for some of the top Cryptos.
If you look at the Crypto Currency Historical Snapshots of 2022, you can see that Butcoin is pumping 3x in these 2 years, and compared to that, the unique ALT Coins should have pumped more or more than Bitcoin, but ALT Coins compared to 2022. It has come down even more since the year, I noticed one thing, Bitcoin crashed several times in 2022, and the ALT Coins went down more than in the last 1 month, Bitcoin pumped up to $70K. It started to come down slowly again, and in this, a detailed down is also seen in ALT Coins. Later, even if Bitcoin can recover its losses, ALT Coin can't.

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Crypto market always goes opposite to our idea,
Like we all think bitcoin will pump huge but then bitcoin goes down and when we think bitcoin is going to go down then bitcoin pumps,
So my only advice is to stay away from buying Crypto Currency for now,

This is the end of today, everyone stay well, stay healthy, Allah-Hafez

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