This is why I say the markets will always market irrespective of anyone鈥檚 feelings, best thing to do is to detach ones emotions from price actions . We saw the price of Bitcoin reach an ATH of $68.7k between October and November, before then, Bitcoin led the bull run and pushed into $60k range at the beginning of the year, charging the lurking bull.
Layer 2 scaling solutions followed the run right after. Then the China ban happened following Elon Musks energy drama then the market went into some correction, lost 70% and fought through the year for Bitcoin to make new ATH at the end of the year. Also inbetween, a lot of Alts had amazing runs,
Hive started the year at lows of $0.15 and made new ATH at $3.4, while we all agree that Hive is technically worth more, a move from $0.15 - 3 in a space of about 8 months is nothing short of incredible.
Notwithstanding, we saw a lot of coins perform more, like LUNA which was barely worth $10 at the beginning of the year and made new ATH at over $100 at the end of the year. Not to mention the NFT boom and how much in millions of dollars were being moved around. Not to mention the millions of dollars that were stolen through hacks.
Kazakhstan Internet shutdown
2021 was certainly a bullish year for crypto by all ramifications. Most of us can almost vividly explain what caused major dips along the way. Today, things are a bit different. Understandably, the markets will market, but when such sharp price actions occur such as a sharp spike or dump, one must have to wonder about a possible cause, sometimes just for recognition.
Many are saying it is due to the internet shutdown in Kazakhstan, how much of truth it is is yet to be known. Is 2022 going to be a year long correction? No one knows and very few people can only get so close to the answer. We pray for peace in Kazakhstan 馃げ
Bitcoins dump over the past couple of days has taken most of the markets right down with it, at this point, I鈥檓 pretty sure just one question is on most peoples minds. And that鈥檚, how low can we actually go?!
Are you buying the dips though? Personally, not yet, I鈥檒l jump in when the market is extremely fearful. My plan is to buy 100$ worth of Hive at 1$ Per hive. $100 worth of Luna at $30 per Luna. If Hive drops further to 0.5$ I鈥檒l be ready to pick up some again and if we go lower than 0.3$ I鈥檒l be putting a lot of my stable savings into it.
What about you?