Hello my crypto friends.
I think we are approaching the bottom and this is probably a good time to invest,here is why:
The cryptographic market is not regulated and there are many manipulations there. It is governed by large amounts of money. Many inexperienced investors were buying the BTC between 17,000 and 10,000 and most of them are leaving the market at this time. They can not stand because of the huge losses and feel the pain.
After all inexperienced investors leave, the market will begin to grow to attract new money. And it will be growing giving new hope to the people. The whales know how to do this. And it will be again and again.
It is time to open long-term positions at this time. Time to buy. Be wise and do not just throw away all your money,instead invest gradually.
Will there b.e new lows? Probably yes, we do not know the futur.e But the fact is that the RSI is very weak and the market is very deep.
if you want to invest in another coins here are some important factor to take a look at to:
📌Market share – compare the market cap of a currency with the total market cap.
📌Usability – check, if there is a demand for its features and if there are active users of this blockchain already.
📌Transactions volume – demonstrates if there is an interest towards the coin among market participants.
📌Liquidity – low liquidity leads to high volatility, so the price may change drastically. High liquidity makes the market less volatile and more stable.
📌Development of the technologies. If the technology laying in a basis of a currency can’t approached indicated goals, the project will not survive for long. Explore the road map and monitor all the upgrades.
📌Market news. That’s what can significantly impact the currency’s rate. That’s why it’s important not only monitor news, but to react quickly as well.
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happy trading.