Cryptocurrency crashes
92 billion wiped out from crypto currency this month . Total 700 billion dollars wiped out from cryptocurrency since bitcoin reached its all time high. People are worried about their investments their family members and friends are making fun of them for investing in digital currency which is unregulated, decentralised.But what made people to invest in cryptocurrency? Decentralisation or price fluctuation or blockchain technology? Some are here to double their hard earned money , some are there for illegal businesses, some are there for scam purposes .Some are here to get rid of taxes etc .Bitcoin price increased from 1k USD to 20 k USD in less period but it took much time over 1 year to reach the price it was in previous year. We’ve seen bitcoin when it was worth 900 USD after that we regretted that why we didn’t invested in it . But now we are seeing it where it was before we are confused whether we should invest or not. If we invest now I mean if buy all alts when bull market starts we can earn many folds of our investment.It is time to take opportunities we should look beyond then our limited fear.Crypto will be still there if u leave it or adopt it . It is the technology it will evolve after that people are going to adopt it . No one wants banks to take control their money . Crypto gives power to u . It will again reaches 10 k USD may be next year or even this year it’s unpredictable.
I agree