The problem with cryptocurrencies has become bigger than just a bull market and a downturn issue.


The problem is with the entire system.

Bitcoin is wobbling near $60,000 and will break it soon (by God's help), while the waterfalls of decline continue in the coins.

And until now, Bitcoin hasn't closed a week below $60,000.
You can imagine what the coins will look like then.

The entire system has become questionable.
Manipulation entries followed by continuous decline.
Here is an example of two coins, BLUR and MBOX, which had their ups and downs, and their projects were excellent.

Looking at the weekly chart, you think it won't go down further, and it hits its bottom.
Zoom in on the recent period, which you feel is sideways, and you'll see it has dropped 70-90%, after a 90% decline, and then a 99% drop.

Then they go to delete and close the page, and you're left with nothing.

The theory, idea, and system that crypto was built on—storing coins, holding them, and increasing quantities—no longer work at all.
The last time was 2021, and since then, the equation has changed, and only Bitcoin remains.

Even Ethereum's performance as an investment asset is very failed, and it still remains at the same price as its 2017 peak.
Nine years, and the second-largest coin in the market, still at the same range.

The system has completely changed, and the market has changed entirely.
It's a speculative market—buy and run, not suitable for investment.
And the numbers are in front of you; your money is better off with you than with the platforms.

When Bitcoin hits its bottom, entering at 60% will be ideal, and the rest can be distributed to reputable projects with presence and returns.
Currently, I only see ONDO, SOL, and HYPE.
$XAUUSD $ETH $BTC
XAUUSD-1.54%
ETH-2.79%
BTC-2.39%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned