There is a massive down in the cryptocurrency market. Which we are going through deep revision. Currently the crypto market is undergoing volatility. Although the price of Bitcoin fell to $78,200 yesterday, the positive side at the moment is that the price of Altcoins is not falling as much as the price of Bitcoin is falling. However, this correction of the crypto market at present can be disturbing for crypto investors. However, it is not unusual to be upset because even a few months ago our current balance was 2-3 times higher. But we have no choice but to be patient with the current situation and since Bitcoin along with other coins are not depreciating relatively it is a relief for us. Moreover, this is another positive news as the Bitcoin daily candle closed near $84,000. But remember - market volatility is as natural as weather changes.
[source](https://pixabay.com/photos/chart-trading-forex-analysis-840333/)
But it is also true that when the price of Bitcoin goes down, the price of other coins goes down a lot. Because Bitcoin is the root of crypto. Moreover, the recent movement of the Bitcoin correction currently underway in the market has alerted most investors. As leading cryptocurrencies struggle, altcoins are also taking a cue — though their declines aren't as drastic as previous dips. But currently most of the investors are in a state of excessive panic as if we look at the Fear and Lure index after 2022 it is only down 10%. Which means investors are extremely scared. This is not the time to panic sell. But if we don't accept the simple fact that market correction is a normal occurrence in any investment cycle. Although we, like most investors, do not have free money, the corrections currently underway represent good entry points for investors who are waiting on the sidelines with cash to invest.
Although most investors have bought the coins at many peaks. But by this stage most investors have no money left over. But even from this situation we have a lot to learn about when to invest and how to invest. At present, from this stage, we will be able to use it in the future, and at the same time, we will definitely become familiar with the current situation in the future, and at that time, we hope that there will not be so much fear in us that is currently working and we hope to benefit a lot from the losses that are currently going on. Because the 2021 crypto bull run is still fresh in the minds of most investors who saw the bull market last year in 2021. Those high prices created expectations that were probably unrealistic. Although February 2024 has changed the expected trajectory, the crypto market still has immense potential for growth.
For example Michael Saylor recently published a tweet where he said sell a kidney if needed but keep a bitcoin in return. From this we can also guess to what level Bitcoin can go in the future! Many even believe that the price of Bitcoin can reach several million dollars in the coming times. So despite the current market conditions, the long-term prospects for cryptocurrencies continue to be encouraging. Although we cannot predict the exact timing, history indicates that market corrections are usually preceded by future growth phases. The trick is to keep things in perspective and not make emotional choices between temporary dips. Although the current situation is difficult but we must be patient with this situation and if we can use the present time it will be very fruitful for us.
