Buy Dip Hold Chill Bitcoin Ethereum Cardano Polkadot SOL All Down

The current market trend makes it clear that all cryptocurrencies are in a downfall.  The downfall was obviously inevitable.

BTC down -58% ETH down -63% ADA down -85% DOT down -82% SOL down – 83% DOGE down -88% ALGO down -85% AVA down -84%

Bearish Capital Market:  The whole of the cryptocurrency market is down.  This cannot be due to failure of the project. Media makes everyone believe as if the price of the whole project went down just because the project had a problem. The reality is that the whole capital market is very bearish.

Cryptowinter:  Worthy to recollect during 2018 through 2019 the price of ETH went down by 95% from its all time high. Investors need to know that just because they invest in a particular coin, it does not become special. No denying that even during bear markets, some coins tend to make a solo bull run. Just to say, cryptowinters are not happening for the first time.  They have been around before.  When it happens for the first time it can be indeed overwhelming.

Scams in Bitcoin Space:  It is of course worrying to see projects, which are scams and obvious failures in the space managing to attract huge sums of liquidity to only exit the market with liquidity, either through failure or deliberately being responsible for a dramatic drop in trust.

Investing By Belief: Investors put their money into the projects they believe in.  Many times, the quality of the project need not correlate with the price.  In some cases, the associated cryptocurrency might not pick up an interesting price which is at par with the project, despite several good things happening in the protocol.

So, where does the beliefs about cryptocurrencies get instilled in the minds of the investors?  Gurus and influencers have a big do in the process.  Investors of course do their own research, but the influencer charm has its own attraction and the belief systems thus created are hard to fade.  Retail investment also feeds the speculation. Lot of retail holders eventually creates more bag holders.

Those who are seasoned investors have been around such investment scenarios before. Some are sure that many of these projects which reflect a low price are going to surely be up. Cryptocurrency has been in the bear market for more than a year now. Some projects have had great pumps, and some have been trending in the lows for some time now.  The low trend is set to last.