As far as the crypto market is concern right now, things are not looking good especially with market price and with the downfall of so many crypto projects.this year had been a rough and tough one for the crypto world. chief among the crypto project failure is the one that took place recently which is FTX. This was a big crypto project that was worth billions of dollars and last week the CEO filed for bankruptcy bringing the crypto market to another phase of the bear market.
before the saga of the FTX fall the market has been struggling for a very long time, as at then Bitcoin was trading at $20,000,the market was trying to force its way out of the bear market before the fall of FTX. this automatically plummet the market. the price of all cryptos fell further from the previous prices and since then bitcoin had been trading below $17,000.obvioudly there is a lot of uncertainty in the market . but despite all that has been happening in the market , I think the bear market has something good attached to it only if you are ready to see what's ahead.
Right now everyone is scared of the market because no one knows what might be next of the market, There is every need for everyone to trend carefully. one thing I see about this bear market is that it is actually the time to HODL, it is the time to acquire more cryptos. I know that there is every reason for one to be scared of the market but if you are so scared of the market that you don't even want to buy any cryptos at the moment, then definitely you are also scared of your financial future. it's no doubt that cryptos have saved many peoples lives financially. in 2018 something similar to this bear market took place and eventually in 2020 there market became very bullish that saw most cryptos hit there all time high .
now let assume people refused to invest or buy cryptos during the bear market, they might never be able to gain from the market because they didn't put anything into the market. now the same thing is happening now. one thing that I am very sure of is that the bear market won't be forever, it might take time but it will definitely not be forever. so this is the best time to go into the market because the prices of cryptos are very cheap. just like as I have earlier said no one knows what will happen next with crypto, the whole things is that anything can happen at any time. what if the bear market comes to an end today, that mean those that bought cryptos will have something to smile at because they have played their role by buying into the market when it was down and it's now time for the market to reward them.
Well, this is the time to buy into the market or invest in some cryptos, the market might be looking very bad but there is also a future ahead only if you can see it, the earlier the better.
SO MUCH THANKS TO YOU ALL FOR READING MY POST.