There is a big dip now in the markets, even the stock markets for that matter. Well ,it is caused by many factors like the ominous potential war with China which is a major market disruptor, the current war by Putin against Ukraine in which if Ukraine wins in my opinion will make Putin unleash some of its potential strategic bombs unto Ukraine. Right now Putin is trying to cripple Ukraine's sources of income like its grain exports which unfortunately some regions of the world is dependent on where if they don't get these grains, then it will cause them to starve and again it causes their economy to affected in the end which would also affect the world in general where general food prices will have to suffer. So in the end the economy of the world is getting worse with only these two factors alone.
There isn't much buying anymore in crypto and it is evidenced by a relative flatlined price action which eventually is making the bulls exhausted and thus giving an upper-hand to the bears. As we can see, this is the only opportunity to buy back low and to profit in the cryptocurrency market. Its volatility is one key for profiting on whatever you buy may it be Bitcoin or altcoins that serves to solve human problems with its use case like Blurt platform and such. That is why in these instances where we are presented with ultra low prices in cryptos alone, we have to find this opportunity to be a blessing because people's sentiment changes on things like in cryptocurrencies. There will be some time in the future that will rejuvenate the markets and I can't resist that the main reason will be the inherent force of Bitcoin's continuous scarcity factor.
The halving of Bitcoin in my opinion is the major factor for the bull and bear market in the cryptocurrency space. However we do not discount the fact that there will be a major disruptor of its price movement like the global economic patters that is always on play like the current war, signs and rumors of wars, market manipulations made by several big entities by trading against the market, cryptocurrency frauds and scams, regulations or lacking of it especially in the USA and thus affecting the uncertainty factor about investing in cryptocurrencies, general bad news of many types may it be just FUD or a clear major event for that matter either to influence weak hands or not. Basically there are great amount of things that would come into paly whether it is intentional or not, will affect Bitcoin price action to the upside to go down to suppress it which time and time again, will drag the altcoin prices back to its low prices.
But it is inevitable for the Bitcoin price to not to get stale, go down, or crash permanently because of the aforementioned supply of it gets halved every two years. It is why on average, the price of bitcoin doubles every year. But without all the factors that would emerge to suppress its price, Bitcoin could have been soaring so high enough that many people now are so rich even those that have lesser bitcoin holdings would gain an unprecedented wealth they did not imagine that they could acquire especially if they have altcoins which belong to the top 20 at least or those said cryptos that has a value like BLURT or STEEM for that matter. But in reality there will be always a big hurdle which are barring the price of Bitcoin, but again, the force of scarcity is greater enough that in the relatively short-term perspective Bitcoin will smash its all-time high every four years and because of that the prices of other cryptocurrencies will follow suit even for a few short months.
That is how things work as I see it based on my own opinions and observations unless an apocalyptic event happens in this fragile world which should have been progressing rather than regressing due to some political interests and differences even within inside the governments of mighty countries which also results in clashing between governments of this little rock under the sun where in the end no one would benefit but rather suffer the consequences by making it harder to live when it should not because of what humanity had achieved with a relatively short amount of time. But thanks to the technology brought by cryptocurrency we have now a sort of financial protection which could help us somehow in financial way.
My optimism about the recovery of the current cryptocurrency prices is greater now more than ever. In fact, the price of Bitcoin now is already awesome because no one could ever imagine that its value would soar to these current prices because not a long time, it can be acquired by using "faucets" which some website owners utilize so that their website will get visitors which they would earn from until the price of Bitcoin grew from $190 dollars at the time when I was involved in buying and earning it up to even $750 dollars which at that time is crazy enough for many people for Bitcoin to acquire. now we are enjoying the territory of $28,000+/- dollars per Bitcoin. So everyone that had earned, bought, or acquired Bitcoin in its early stages of lower prices are in profit, so big enough that they are in a millionaire category already within their corresponding countries where they are live. So what more if they have Bitcoin if Bitcoin reaches its predicted prices which is said to reach at least more than $120,000 and I guess that many could have sold off even before the price would reach that where the new new normal price is double the current prices of Bitcoin that we are seeing today.
Regarding the price of BLURT token, it will follow suit because it is an altcoin and it is also somewhat inclined to gain more value because of the influence of Bitcoin's own constant move to the upper side although Blurt platform needs more investors in order to make its value to gain more. The recent politics within the community didn't serve us all well as it scared away a big investor. Only a couple entities or so are holding the price of Blurt so it would not collapse so far down to touch hellish prices. Big entities are selling and it adds a strain on the value of BLURT tokens. However, almost all users are enjoying the support of several big entities as well which makes it profitable if not fun to use Blurt platform which encourages the users of the platform to use this platform as intended, to interact within blog posts of many various topics of interests which are always leading to getting incentivized which is actually what everyone is always hoping for. In conclusion, we have to build our account more and more because in these times of low prices where we are enjoying a relative speed in doing just that. Soon when even the the price of blurt would reach one cent per BLURT, it will be so great enough to make us all feel happier and therefore greater things will follow like people being inclined to take a second look at Blurt platform and considers to invest on it and after that, other people small and big will follow.
I'm not sure if buying more is worthwhile but selling it certainly isn't.
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