3 Things Positive Despite the Melting of the Crypto Money Market

The decline in the crypto money markets should not be interpreted as completely negative. Although Bitcoin (BTC) suffered a significant decline, it managed to survive its first financial crisis. With less than 60 days to halve, the Bitcoin network also looks pretty healthy. We have put together 3 situations that are positive for you for the cryptocurrency market.

Contents hide

1 1. The First Major Crisis The Crypto Money Market Has Seen

2 2. Pre-Half Buying Opportunity

3 3. Slight Declines in the Past

4 Related posts:

1. The First Major Crisis The Crypto Money Market Has Seen

Even though there were crashes in all markets this week, Bitcoin, which emerged after the 2008 financial crisis, managed to survive the biggest financial crisis it has experienced. Many investors were afraid that Bitcoin would drop to the level of $ 3,000, but the leading crypto asset survived without falling below 200 MA. This bullish trend indicates that the leading crypto asset is still solid and flexible. Satoshi is known to be designed with the principle of flexibility to be anti-fragile when designing Bitcoin.

2. Pre-Half Buying Opportunity

Famous investor Warren Buffett says you are greedy in every environment when others fear. Now, looking at the crypto money markets, it can be said that it is definitely time to be greedy. Considering the fact that crypto assets are healthy out of this global crisis, the current situation can be seen as a chance to buy.

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These panic sales are not expected to continue for a long time. This purchase opportunity, especially before the halfway, is seen by many investors as an opportunity not to be missed. Considering the current state of the markets, probably many traders are calculating to collect both Bitcoin and other crypto money from these levels.

3. Slight Declines in the Past

Typically, crypto assets are known to have risen strongly after other declines, although they did not experience a sharp decline such as the decline that began on March 12. Bitcoin dropped to $ 3,121 on December 10, 2018, and rose to $ 14,000 in June of the same year. Currently, whales are considered to take positions for possible bull run after the halfway for cryptocurrencies.