Why the Dip?

The Bitcoin soared high like a rocket, as if it would reach the moon. Of course, because of that a lot of tokens showed up, a lot of communities decided to have their own tokens. Perhaps they found hope in crypto that in time that specific token will have value in the future. Thanks to this, a lot of old cryptocurrencies were also rising. Simply because the demands were getting higher as well. I know most of us could tell that time seeing the value of hive that surprised us.

However, the real world still couldn't believe it yet, possibly not ready for it. Bitcoin suddenly sank with a huge impact that it exploded. What to expect, it was that high some time ago and suddenly fell. Imagine how much percent it rose but not the same percentage when it sank. Well, it's always like that if you're fully aware what's the movement of cryptocurrencies.

I've been reading the reasons behind this sinking of crypto. I was desperate to learn because the hive token is being affected after all and I'm hoping to get more value from it. I need money that bad but after observing for days now it pushed me to the research. That's the time I found out that some companies stop accepting Bitcoin and there are those countries that are currently banning mining. Of course, this kind of action is to be expected since they know that the government can't earn that much money in crypto.

I suddenly remember when the coins.ph app wallet limits me from my transactions. I can only withdraw money for only 25,000 PHP but if I can provide a source of income. How can I provide when I can only earn money from crypto. It's their requirement because according to their team. The BSP or the national bank in the Philippines will not allow too much transaction from crypto. Since no companies are ready to accept Bitcoin in paying we will always rely on cash money that can only be provided with the national bank.

Even so, it was nothing to be surprised by in the world of crypto. Some people are enjoying the dip because they can buy more to hold until it gets back to the top. For now, if you have more money, it's best to buy. Just wait for it to avoid regret.

Thank you for reading

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