Basically I no longer share my though on the crypto or finance market in frequent now, but when I saw @zartisht last night post which is talking about patience on the crypto market, that made me wanna share my though again on the crypto / finance market.
Not sure if everyone got the same though to me, the real impact of the COVID started this year but during the lock down in the past 3 years, we can see the bad economy downturn in Europe, Asia, US is a bit better but still not as good as the pre-covid period.
Even the China also got numerous of problem on the economic after they completely reopened their border to the world, lately they have another large Real estate developer in the edge of bankrupt that making the property market price got 20-80% down, depends on the specific city / area.
For the stock and crypto market, it’s suck in 2023 either, only Japan stock market hit 30 years high but don’t forget they have been struggling for 30 years on the economic recession since the bubble broken back in early 1990’S. There’s no doubt that Japan market is an exceptional case.
image source: https://www.huobi.com/zh-hk/markets/?tab=fav
Let’s focus on the crypto market, all we can see is the red candle on the graphic for months, even it has few days rebound in every month but it’s not gonna to last too long. Sometimes you don’t even have time to sell some token on hand for USDT then wait to buy lower as it goes up too quickly then down again.
Well, we might say the market is disappointed, but I started asking myself, should I blame the market or the people whom holding the tokens? Markets are created by million of people, every people decision / action on the market affect it’s price.
Last night zartisht talked about patience on the crypto market, obviously this year nobody got patience on the crypto market, everyone just tries to do short-term trade, I am not saying that it’s not good to reserve part of your fund to buy at low then sell at high.
But the current situation is that the majority deal on the crypto market is only short-term trading, even you can see quite a lot of people buy a specific token when it’s low, but they won’t hold it for too long, say, they say it for USDT once it goes up 8-10%
image source: https://www.huobi.com/zh-hk/trade/hive_usdt/
Just like our Hive token, last night it suddenly went up 10% to nearly USDT $0.3 unfortunately it couldn’t even last for 2 hours, it back to USDT $0.27 where is the level it started to rally last night.
It’s all about the confident on the market, if people are confident enough to hold the token longer, they won’t sell it for just 10% profit, it’s nothing during the bullish market, can I recolonize this is a sigh that even the experienced crypto investors don’t trust the market or they are also feel pessimistic on the prospects of the crypto market?
So, what do you think, are you disappointed to the crypto market of the crypto holder in this situation?
Posted Using LeoFinance Alpha
