So much uncertainty with the Market
Just when we felt that the market had started doing better and no more down turns there comes another one more jerk and with much more force than ever before. It was just some time back that the Luna coin crashed and now another one FTX. These kinds of things are crazy. In no time the value of the FTT coin went down, not much as Luna but yes it lost almost all its value.
I had some very few FTT tokens, nothing to make me worry, but yes the overall crash in the market does not give a very good feeling. After being in the lows for such a long time there was some light coming through and now that seems to have taken us back again.
BTC had crossed it's 21k mark which was so much awaited and everyone felt that from here the market will start performing better, but now BTC is much lower to
16K and don't know how long it will take to again move up to its 21k mark.
Hive has had a major setback in this fall. I did not expect it to fall below .35 but it went down to .28 :-( and broke its support line. Cannot say if it will still go down further from here or that's it. It's going to again take some couple of months to consolidate and recover. The FTX FUD has damaged the whole of the Crypto Market. Every single coin including BTC has lost its value. Hope that these are the bottoms now and that the prices find their stability here and do not go down further.
These kind of uncertain events in the market are very unpredictable, no one can anticipate such falls. They come as a major shock to the people. FTX being an exchange and a good stable one, no one expected this kind of incident. For all those who were invested in the FTX token, it's a big loss once again. I had bought some 10 tokens months back, which is so negligible that it does not hurt me at all, but I am sure people have invested big time in this and would be feeling very miserable with this loss.
Hope that this is the end of the fall and no more falls happen from here. It's going to be a wait of few more months from here till the price again consolidates and starts performing upwards.
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I just hope once FTX gets some clarity that the markets will have some.faith again.
We need some faithto get the ball rolling again
Yes my dear. Hope that people stakes are released from the exchange so that some security is again restored.
I remember sometime last year in the month of march, there was a dip then too and it was really serious then later on things started going up again around June, July and August before it totally went down during the start of Russia and Ukraine war. Many dips have happened so far, recovering from them is what takes a while.
That's correct, these dips are common but the reasons of these dips are also important. Like now the whole of FTX exchange is in trouble and people have lost their money. These type of uncertainties are scary because then how to trust these exchanges is a big question.
The things that have happened this year is enough for many people to be doubtful about cryptocurrency. I pray we don't fall a victim to the coins we hold
Yeah it's sad. I haven't seen hive at $0.31. On the other hand btc is at the lowest😭. My account value is almost half. Evryone is worried.
That's good that you have seen at higher prices. Well, in past hive has gone as low as .12 cents. Let's hope it does not get to that level anytime now.
Though moments for everyone in the crypto-space. More than one will left, mainly the recently arrived to the crypto...
I lived this kind of crazy moves all long 2018-2019. I am tempted to say this is the bottom, but as you said, nobody knows. Maybe I put some monies in HIVE, but still taking my time...
Keep calm and just wait!
The market has been seeing these types of dumps regularly but people should not lose their money completely over scams.
I totally agree!
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