Sure, Crypto Is Crashing, but Everything Is Perfectly Fine - WIRED UK

in hive-160342 •  2 months ago  (edited)


( June 17, 2022; WIRED UK )

Description: "Cryptocurrencies are behaving exactly like the rest of the stock market, but the faithful say that's no reason to jump ship."





“If you look at the fundamentals—blockchain adoptions, user expansion, real use cases being unearthed, you wouldn’t think the industry is going anywhere down,” says His Excellency Justin Sun, Grenada’s ambassador to the World Trade Organization and creator of the TRON blockchain, whose stablecoin usdd also lost its peg to the dollar last week. “The market is full of FUD [fear uncertainty and doubt] right now; the crash of [terra luna] and the more recent insolvency issues of some DeFi platforms and funds out there are not helping either. But I’m a believer in rational expectations and the market correcting itself. There’s always been cycles, and we are sitting on the slippery slope of the current one.”



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I wouldn't normally post 4 Steem Links posts in a day, but I just came across this one with a quote from @justinsunsteemit (via his Twitter feed, so an exception was necessary. ;-)

Read the rest from WIRED UK: Sure, Crypto Is Crashing, but Everything Is Perfectly Fine

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You are right, there have always been cycles and after a bearish trend, a bullish one will definitely begin. In my opinion, Bitcoin is the most valuable asset where you can invest using the moments of price decline. Large investors, I think are glad that bitcoin is now losing some of its price, but acquiring a more valuable value!

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You're right, there have always been cycles, I don't understand how people allow themselves to be influenced, they panic, they sell when they shouldn't sell, but we can't do anything, it's a totally individual decision, what makes me angry is TERRA LUNA, the people who they invested they lost and in a tutorial I heard that they would release TERRA LUNA .0, but some people do not learn

I have been holding on to my SOLs. The market will bounce back. Of course, i did lose significant money when Luna crashed...but its all good. You win, You lose some.

Now it's a bear market, and the currency price of the whole market is low.

You are right, there have always been cycles and after a bearish trend, a bullish one will definitely begin. In my opinion, Bitcoin is the most valuable asset where you can invest using the moments of price decline. Large investors, I think are glad that bitcoin is now losing some of its price, but acquiring a more valuable value!

  ·  2 months ago Reveal Comment