CRYPTOCURRENCY IN A DIP

“Bitcoin is in DIP, everywhere is RED, the market is falling and traders are angry. Don’t fret, it’s always like that. It’s going to bounce back (but no one knows when). One thing about cryptocurrency is that you don’t lose (in some ways). Though, it might take time to recover your loss be rest assured that you’ll get your money back. If you are buying to  HODL, don’t be worried about the DIP. Grab this opportunity to BAG those coins/tokens you’ve been longing for. BUY/BAG THE DIP now and laugh Later with Hatoken, Babydoge, Wakanda, Inu Shiba Inu &  Zugacoin. (You’re a millionaire already if you have the coin listed above but don’t relax buy more) ” These and more are many of the consolation words from traders on social media, Indeed their hope is high! In my personal opinion, Cryptocurrency is beginning to look like Ponzi, how do we explain this dip and rise, and what is responsible for these spikes? is there a control? is this the normal formula? Imagine ii have my small $1k or let’s just say $5k, with this dip will I have anything left in my wallet? and no one is talking about many accounts that are wiped out with the dips.

Everything is Red in Cryptocurrency

Meanwhile, more than 239,000 traders had their positions closed over the past 24 hours, with liquidations totaling roughly $874 million, according to data from Coinglass, a cryptocurrency futures trading and information platform. Kara Murphy, chief investment officer at Kestra Investment Management, said cryptocurrencies have a life of their own but that the recent slump is rational. “It makes sense as people start to retrench a little bit, look for something that’s a little bit more solid, they’re gonna move away from cryptocurrency,” she said. “On the margin, with folks becoming more risk-averse, cryptocurrency will suffer from that.”
That $1 Trillion wiped out in a couple of months is way bigger than the new money enacted for roads and bridges in the 5-year bipartisan infrastructure law. It’s about twice as big as BBB’s 10-year climate plan. And larger than the net worth of all real estate in some U.S. states. So, does this qualify as deflation or inflation? Steven Dennis asked on his Twitter.

What is Cryptocurrency

Cryptocurrencies, or virtual currencies, are created through encryption and allow anonymous transactions. Cryptocurrencies include Bitcoin, Litecoin,  Dogecoin, and many more. Payment companies such as PayPal can be used to buy the currency online or at a store or ATM. Once purchased, they can be stored in a digital wallet on your computer or phone until you need to make a purchase. Once you have made your purchase with cryptocurrency, the transaction is registered anonymously and processed by a network of computers across the world known as miners (which also receive cryptocurrency for their work). There is no central bank for cryptocurrencies so it is not regulated by any government body and has pseudo-anonymity to protect the user from value destruction from government intervention or the exchange becoming insolvent.

My Observation on cryptocurrency

Cryptocurrency has been all over the news lately, but it’s not doing so well right now. A lot of people have lost money investing in it, and it doesn’t look like it’s going to recover anytime soon. That’s why affiliate marketing seems like the new kid on the block. It’s a great opportunity to make money, and it’s a lot less risky than cryptocurrency. With affiliate marketing, you’re not investing in a currency that could potentially lose all its value. You’re investing in a business that has a lot of potentials to grow.