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Some considerations on the fall of the crypto market

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@amestyj
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Dear readers, this time we will not describe any agricultural topic, we will focus on the great fall of the crypto market that occurred this week. Despite the great progress that cryptos have had, still in the year 2022 there are still people who are incredulous about the potential of cryptos, as in any financial market there are ups and downs, especially in the crypto market which is very volatile, As a sample of what I mention I leave as background what happened this week when the global financial market collapsed significantly decreasing the price of bitcoin falling approximately 23% according to some reports, likewise many altcoins were affected, which caused panic in many investors and countries such as El Salvador which has a large amount of its reserves in bitcoin.

As mentioned above, it was a massive fall including gold, oil, silver and another of the cryptos of great importance after bitcoin as it is the etherum that lost approximately $ 800 in this rough week, coupled with this, possibly due to the panic of many investors another currency of great potential as the Dot came to reach prices below $ 10, by the potential shown by the project, some people see a great time to invest.

On the other hand, a project that showed a great consolidation is Solana, whose crypto Sol did not escape from this big drop and fell below the $80 and $100 zone in which it remained for several weeks since the beginning of the year, until this week when it reached prices below $50. As if that were not enough, to create more panic, the fall of the Terra ecosystem occurred with the collapse of its Luna token and its stablecoin UST falling approximately 95%.

This fall of the world financial markets has generated great concern, some speak of an economic recession, which can generate a fierce crisis in the world, some are looking for a refuge of value, before what happened this week many pointed out that it could be the bitcoin, but with what happened they have changed their minds and continue to see gold as a safe haven alternative. In spite of not being seen as a reliable option, the government of El Salvador, according to some news, bought 500 bitcoins, seeing it as an investment opportunity.

Dear readers, for those of us who already have some time in the crypto market, this type of falls are attractive because the price of the tokens decrease significantly seeing it as an investment opportunity, who is immersed in this market must be patient and not fall into despair and fear. But there is the other side of the coin which are those people who are hesitant to enter this great market and seeing these falls are wary of investing their money in such a volatile market.

Thank you for staying with me until the end.