The Crypto market follows the stock market it goes up and down with the stock market. You should have one percent in bitcoin this is what the experts say. But you need to research coins before you invest in them. It can go to zero if it is not stable. You can lose your money. Just relax and let it go. Crypto goes with NASDAQ they are going to sell crypto. Come back later. Bitcoin will go to 35,000 and will recover. Bitcoin is holding up, There was a flaw of terra luna this dropped to nothing. this is the scary part o crypto. it is unstapled but so is the stock market some get rich and some go broke that is crypto, and not all coins survive.
The cryptocurrency crash is currently separating faithful followers from ambitious investors.
Bitcoin — crypto’s most stable coin — has dropped substantially from its highest value of $67,000 in November 2021.
Bitcoin plunged to $25,000 Thursday but had rebounded to more than $28,000 by the afternoon.
Cryptocurrency’s volatility has been something that financial experts have warned about for many years.
The digital coins do not follow any stock market trends, but experts said this drop was expected in the currency’s cycles.
It also comes at a time when markets were hit by the latest U.S. inflation data.
“You have inflation. You have a potential recession. You have negative GDP,” Many Worlds developer Steve Bumbera. “You have a lot of global economic issues. It feels like money is safe nowhere right now.”
Bumbera helps companies figure out how to bridge business operations in the real finance world and the crypto world.
He said this latest crash of cryptocurrencies was expected.
“Everyone should question why they’re investing in anything in the first place. If you believe crypto is going to change the world if you think that the chains and the coins that you’re investing in and are accumulating are going to make positive changes in the coming years, then this is an opportunity,” Bumbera said. “If you were just trying to make some money playing the volatility of the crypto market, well that’s on you. That’s the risk of trading.”
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