This first month of year 2022 has been an eventful one for the crypto space and crypto HODLERS/TRADERS. The Question on every one’s lip is, “When does the dip end”? “Will it end”? Or “will the dip keep dipping?”
A lot of crypto analysts and experts predicted last year that Bitcoin would hit the $100k mark by the end of 2021. After hitting $69,000 last year, hopes were high and so many people in the space were optimistic that bitcoin would hit the $100k price.
Bitcoin sits at $35,000 as at when this article is written, and there has been lots of FUD (Fear, Uncertainty and Doubt) in the market. Lots of Hodlers have recorded so much loss while the scalpers are doing what they do best by scalping every profit.
According to segun, a crypto newbie who FOMO on bitcoin when it was at one of its all time high of $65,000 last year, has shown his dissatisfaction and displeasure at the current movement of the market, when asked how he felt, “I’m in pain. I thought crypto is where you can store your money and get a quick return on investment.(ROI)“. According to segun, the money was meant to be used for his school fees and now, he will have to wait or look for other alternatives in order to raise the money and pay off his fees. Stories like this one here are similar and just one out of many stories out there which we hear from crypto newbies.
*HOPE AT THE END*
On the brighter side; analysts and experts have predicted that there shall be a pump in the month of February which could skyrocket as high as $50-$60k dollars. As we continue to stay hopeful and await the return of a bullish market. The advice is to hold and not give in to FUD. Go about with your daily activities. Close the charts. Take walks and try out something else while we wait for the return.
One Response
Wow 🤩 great article ❤️Interesting nd encouraging 🤳🫂