WHAT IF THE CRYPTO MARKET CRASHES IN 2022?
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There’s so much predictions in the cryptospace. People have thier own models based on certain numerical information. What if the crypto markets would crash in 2022, what should you do?
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VERY IMPORTANT
Please do not buy a stock just because it is talked about in Youtube. This video is for informational purposes. This is to give you a reference point and data on how you are suppose to analyse stocks only. Never buy or sell just because of this video.
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#StockSmarts #Crypto #Investing
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Though the bill was not discussed in Parliament, the interest among investors has not dampened. However, cryptocurrencies are a new investment class, with very little data for fundamental analysis. Here are some basic rules to keep in mind when entering this high-risk arena.
What to expect in 2022
Much will depend on government policies. China, the world’s largest crypto market, banned all transactions in September. Analysts say as blockchain technology attains wider usage, this stance will only isolate China from the rest of the world. In India, t ..
Currently, Bitcoin is suffering from a cold wave but will soon recover to yield great profits.
A decade ago, Bitcoin was launched by a pseudonymous person or a group, and since then, it turned out to be the greatest and the world’s most valuable cryptocurrency. Bitcoin has remained in the shadows until its great breakthrough in 2017. Even though the gains were lost after the short win, the crypto continued to soar based on investors’ trust in BTC, despite its volatility. The rise in bit coin value in 2020 has led to several analysts believing that it was Bitcoin’s third-largest price rally in its history of existence. But investors are talking more about Bitcoin’s performance in 2021 rather than any other year. With increased national institutional adoption, Bitcoin has currently changed the face of the cryptocurrency industry. Investors use BTC as a hedge against inflation and are treating it as digital gold.
This year, Bitcoin’s journey began as the crypto started its price rally from US$55,000, and did not look back since then. It once reached around US$66,000 to US$68,000, and that’s when market analysts started predicting that the crypto might reach US$70,000 by the end of the year. Instead, Bitcoin dived down and entered the cold phase. BTC is now hovering over the US$48,000 mark.