When the Bitcoin starts to rise in price and drags the other cryptocurrencies along with it in this upward trend, it is like the New Year's celebrations, all is jubilation and merriment, those who have bet on it boast about it and those who have been pessimistic complain and continue to proclaim that it is all a farce.
The behaviour of crypto is like an electrocardiogram, with lines going up and down as the constant movement of the market produces this, more people withdraw their profits than invest to earn in the future and those who have been at it for a long time perform the ritual of selling on the upside and buying on the downside.
As expected, the currency reached a high level, it even broke the historical record and respecting the predictable, it went down, then comes the time of justifications, looking for the reason why it did so and creating hypotheses, speculations and a whole tangle of theories worthy of compiling them to make a book of conspiracies, mystery and terror.
This time, according to these narrators of the storm, the decline in prices is blamed on a statement by the President of the United States about charging higher taxes to those who have more money, added to the fact that Turkey and India have banned cryptocurrencies, and to close the chapter, a report from some time ago that bitcoin mining uses more electricity than entire countries, such as Holland, for example, comes back to the table.
The truth of the matter is that the crypto market when it enters the downtrend becomes a deja vu for those who once lost money by betting on one that ended up never revaluing and for those who generate money by various means through it, since they have based their economy on a certain amount and when the market went up they simply spent more instead of saving.
The world of cryptocurrencies is active, novel, mysterious for some, atrocious for others and a blessing for those who have discovered that money managed in a decentralized way through such platforms is the one who is getting the upper hand in these times of pandemic.
Everything in life has its risks, in fact every minute there is a risk of death, because death has no time or date on the calendar and appears when least expected and those who do not update, recycle and adapt to the changes that are generated in the world, product of technology, end up bitter, cornered and lost, hoping to simply disappear.