Historically, March has sometimes had little effect on the cryptocurrency market, but this has not always been the case. In 2017, cryptocurrencies were at the peak of interest and March was one of the highest months for bitcoin and other cryptocurrencies. In general, March has become a more stable month for cryptocurrencies than in the past. There is also an opinion that in general, thanks to more information about cryptocurrencies, the market may be more stable in March.
Do not worry I think that the cryptos are only following the traditional markets and all this has been triggered since the speech of the FED, really the macroeconomy controls the markets and their movements at the moment, in addition to this the bank of Silvergate has just announced that it will liquidate all its operations, that is, bankruptcy.
I really no longer expect a hike for this year, the Fed made it clear that it does not want the market to be boosted, and against that we can not do anything, let's look at how the market is right now, I hope it is not the prelude to something worse.
Yes it seems people are losing the trust they have , with the way things are going it might seems the continual drop might continue to happen , the hope of more increase doesn't look to certain like that , I really hope things changes
Well my probabilities were or are more for the bearish environment than the bullish to tell you the truth, that is to say that it can push us strong right now so that we go up? better be prepare I guess.
Right now the bearish run doesn't seem to be ending , it's looking more like a continual something , I hope something changes ,but to be very honest it's really not encouraging , so many have lost a lot because of it
we do not have to fear these falls either we just have to be prepared for them and have capital available to take advantage of them in the event that they occur, also be exposed in the market to some extent in case the opposite case happens and we go up, one does not have to be binary in their decisions, waiting for things to calm down now I think is the most appropriate
In this situation, which has arisen in the cryptocurrency market, one has only to wait for further developments and the subsequent growth in the value of the cryptocurrency. All this is relevant if you are not a professional trader.
One can no longer be sure about anything regarding the cryptographic world today fell the silicon valley bank, this caused the USDC coin to have a depeg falling to $ 0.90 because it had many of the reserves in this bank, then Dai another stablecoin had many of its reserves in USDC which having depeg caused depeg also in Dai, quite a mess.
Whatever you say, but such events in reality not only bring bad news. They can also play into the hands of a crypto-investor, if one adheres to the strategy that the cryptocurrency will still give some growth. For example, not everything is as bad as it seems. Here Bitcoin, Ethereum and Monero gave a slight increase today. After all, you can also earn money on this!
Also this bad news make a dent in the investor and without investors the market go down, sometimes they usually do not matter when you are not exposed to the market and simply think okay are just news, but when they affect you is when you think differently, today I woke up with the portfolio bleeding because of USDC which is a stablecoin that fell to $ 0.90 just like me this has happened to more people because it had a market capitalization of 50 billion, so imagine.
I agree that when personal money is at stake and quite a lot, then naturally there will be experiences! I understand you well. Once a transaction for several hundred dollars was delayed in my exchanger, so I started smoking again because of this, although I had not taken cigarettes for 5 years before!
Yes, in fact, luckily it was not an immense amount of money but well, I changed my USDC for Polygon Matic and nothing else, I lost a little money but nothing serious, yes, what happened is that today the silicon valley bank went bankrupt and USDC had exposed its reserves largely there, then it has been seriously damaged and that has caused it to lose the peg with the dollar, that's the information there is for now, but well I do not want to know anything more about the stablecoin for now, by the way what an experience yours too haha.
By the way, I read about this yesterday, but I did not think that everything was so serious. What is your opinion about these events? And what can happen to the coin in the future if, as you say, it has lost its peg to the dollar?
Earnings Disclaimer: All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.
