It was just a few days back that the market crashed and majority of the Alt coins had a negative impact and I thought it was getting stabilized and yet another major setback for Solana where a sharp fall has been witnessed. With all of this BTC is yet stable and I am wondering if BTC goes down what will happen to most of these alt coins where some of them have had more then 40% decline already.
Hive went up to .63 in January and now down by 45%, Solana went up to 285 and now at 165, ETH has not picked up as yet all throughout in this season. With all of this BTC has been moving between 90K and 100K, if BTC crashes and goes down to 70K then what will be the fate of the alt coins :-(
Too much of speculation is happening in this market and it's kind of scary with all these major institutions playing around with the market time and again. I have been a good believer of the crypto market but with all this foul play I feel now it's very unsafe. So many investments are getting wiped off in no matter of time. My portfolio value just keeps going down and it hurts to see it that way. I was expecting a good rise in this year but rather with all of this everything is becoming unpredictable.
Last evening I was feeling very upset and gloomy about this whole market situation. It feels like the Alt coin season is taking forever, in the last run also, Alt coins did not really see a high season and it feels like this one too is going on the same lines. I am not wanting to be negative, but looking at the way things are going and how every few days some one gets into sabotaging it, just feels very nervy at this point of time.
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