Excerpts from CareYourPresent – a crypto enthusiast
Bear market for crypto prices? Bye or Buy
You may have notice that the prices of cryptocurrencies have been dropping since the Solar and Lunar eclipse. There was a local top on 31 May due to new moon. In this article, we look at what’s next for the crypto market price.
Correction in crypto prices since both eclipses occurred
Months ago in 2021, many people keep asking how come the prices of Crypto keep increasing and are so bullish? When will the dip come so that I can buy?
Well the dip finally came ever since the Solar and Lunar eclipse occurred. During the dip (Crash??) in crypto prices, are you brave enough to buy or are you fearful and prefer to sell all your crypto?
Btc Eth, Avax, Atom, Near etc prices were way much higher before. Now many of them 60-90% down from ATH. It is very likely that quite a number of coins all time high may never come back again. In fact, most of the alt coins may be gone by then.
Cryptocurrencies will still be the future in terms of price upward potential
Based on both Western Astrology and Chinese Metaphysics crypto prices will have a steady climb upwards while stocks will be more volatile in the future era especially the next 20 years.
Hence, if you still believe in the long term of Crypto, please consider to buy to average down on BTC, ETH and some L1s, L2s etc after you have done your due diligence in.
Don’t regret and ask the same question as per my first paragraph again if you miss this drop. Once the buying interest/use case for Crypto is back, the upside will be enormous.
FYI, I will continue to buy crypto since prices will stabilise till the next eclipse in October. However, no need to hurry to go all in as crypto prices will be weak till mid June 2022 especially 11-12 June 2022. Remember the moon phase theory I told you before? Click here to know more!
Let’s bookmark this post. In few years down the roads, I am sure most of the Alt coins will be replaced by new coins whereas BTC and ETH should be way much much higher price than now!
You can view CareYourPresent website here for more details and other crypto lessons here
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