Market perspective

Hello everyone, see you here again and hope you all had a peaceful week.

If you’ve read the previous post, you already know that I am at a time when I am limiting my exposure to cryptocurrencies and this is the second week in a row that I have been doing this. If you’re not paying too much attention, it doesn’t mean you are completely ignoring market moves.

There is one relatively interesting thing in psychology that I realize when entering the cryptocurrency market, which is “We always feel too little accumulation when the market is all green, and too much when the market is red.”. And I think that you partly noticed that yourself when you entered the market, right?

In the short term, price is always volatile so you don’t know what will happen next, but if you follow history over the long term, your perspective will be very different. The breakevening story you heard somewhere before entering the crypto market is the truth that most of it is about trust, and trust takes time to prove that what you think is right is to be proven.

Needless to say, the price fell 20% just a few weeks ago after the ATH hit nearly $ 70,000 and everyone panicked. Since reaching ATH on November 10, 2021, Bitcoin price has fallen 20% to around $ 55,000. This correction is not uncommon in the crypto world in general, or Bitcoin in particular. Usually the price of Bitcoin goes up like this: with successive price increases, more or less corrections will intervene.

This repeats itself over and over again in Bitcoin bull cycles, but many people still panic right after Bitcoin price corrects by just over 10%.

However, it is during these times that you can find the best ways to raise more BTC. When people panic and sell their BTC at a loss, you need to take a long term approach and take a step back. Then, when you get to a certain point, look back and find that what happened before is really just a repetitive phenomenon.

Scared is one of those periods that never last forever. Focus on the trust you have built so far, the price will continue to rise in the long run.

Events of the next week

Notable events for everyone next week:

• November 30th – December 1st: Dcentral Miami Conference – Art Basel is a virtual event that focuses on bringing home builders, developers and communities together in a connected space.
• November 30th – November 30th: Blockchain Festival 2021 Singapore Asia’s largest B2B event over 2 days on blockchain, exchanges, cryptocurrency, decentralized finance (DeFi), NFTs, mining, gaming and betting, online payments and investments.
• December 2nd – December 4th: Blockchain Europe 2021 is Germany’s leading B2B conference and trade fair for blockchain technology and also one of the largest in Europe.

Below you will find notable news from the projects:

That is the important information for the coming week. I hope the information I provide in this article helps everyone.

Hello everyone and have a nice weekend.

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from Crap – Synthetic team

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