The Crypto Bull Cycle is Totally Disappointing!

in Tron Fan Club24 days ago

In this bull cycle, the crypto industry continues to disappoint investors day by day. If you have been investing in the market for a long time, you must have found the market boring at the moment. It is not unusual because of its unpredictable bullish movements and also events that we never expect. That's why investors get fed up with this market and they get tired and forced to leave the market. Bitcoin is currently trading slightly above $82,000. But even at this time if you look at the altcoins then the daily or weekly or monthly candles of these coins are bloody. Especially when the price of bitcoin was very low like around 20 to 40 thousand dollars the price of $steem was still very high. While currently the price of Bitcoin is above 82 thousand dollars but the price of this coin is now close to $0.11. Which is really sad and investors are frowning.

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Currently there is such momentum in the market only between Bitcoin Dominance and Bitcoin. For example, shortly after the attack, Bitcoin went up and then suddenly went down and from there it went up to $10,000. But the price of altcoins increases slightly but decreases several times in less time. We see a good move for Bitcoin and a good bull run for Bitcoin only. Bitcoin reaches its all-time high and makes another high of $107K. Currently, the price of Bitcoin is around $85K but still altcoins are at the same level as it was 3 years ago. Thus the bull run was unique only to Bitcoin.

But honestly this time I invested in many coins. Although last few months were very profitable but I didn't sell them because of long term plan. But they have come down in price by a lot and even by several times. I have learned at least one lesson from this mistake now that we should always invest in fundamental coins or always invest in top five coins. All of the top 5 coins performed well and met its all-time highs

As you can probably guess to some extent that Bitcoin as well as some of the better quality coins including Ehtereum, Solana, BNB, XRP have only grown in tandem with Bitcoin. These coins are essentially coins that have surpassed their all-time highs. But honestly we don't invest in such coins all the time because our thinking is to get 10x to 50x or 100x profit in very short time by investing in other coins. But the current market has shown us that these are our wrong decisions. If we could invest in these fundamental coins we would be profitable now at the end of the day. But honestly many of us are greedy and I am no exception. Bought more coins to get more profit. However, I have learned a lot in this market and hope that if I can survive in the market again in the next five years, I will be able to use this learning and invest again and at that time I will try to invest only in fundamental coins.

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Upvoted! Thank you for supporting witness @jswit.

 24 days ago 
 24 days ago 

Task proofs

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 24 days ago 

In the current situation we can say that market is disappointing however I am still hopeful that things will improve but it might take some time.

It is a great article of The Crypto Bull Cycle is Totally Disappointing!.