Hello Hive Fam!
Hope life is treating you well wherever you are in this part of the world.
Currently, the situation for the global market is not really good, and the cryptocurrency market is also impacted in the same fashion, where we can see every coin down at the moment. The gold and silver markets are also down, and it's all because of the global turbulence, I would say.
Apart from the crypto market, let's also have a look at the Global Assets list, where everything is based on the market cap, and gold and silver are leading the list. In this list top is on the and silver is the next asset, and both are down today, where the gold price has gone down by 5% approximately and the silver price is down by more than 13%. These are precious metals,s and probably this percentage is not small because generally the correction is minimal on both the assets. So if it has dropped, then certainly something is wrong in the market this time.
The Bitcoin listing is at the 11th rank, and that is also down by more than 6% this time. Microsoft's stock price is also down by about 10% And this is another alarming situation because Microsoft is a big company operating worldwide, and dropping its stock by 10% is really big. Only Meta is showing some growth, which is nice because their stock price has gone up by 10.4%, and this is a good increase in the stock price.
The current market situation is seriously alarming for the investors, especially those who are here for the short term, and even if you are invested in other assets than crypto, it's not really cool. This is why it is always encouraged to do the investment for the long term, because that is when you get the power to hold, which helps you manage the risk when the market is not doing well, and you're not under pressure to sell since you can wait till the time your target is not met.
Crypto is a volatile asset where the risk ratio is very high because you never know when the market is going to be highly volatile, which is happening now, and that is when the long-term strategy helps, since you're not planning to sell anything. technically you are not in loss unless you sell out, even if the market is low, because if you invested on the coins that are strong by fundamentals, then the probability of appreciation is high, and it will happen later, so holding to avoid that loss-making situation.
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Thumbnail Image courtesy- https://coinmarketcap.com website
