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Most likely this is just a small correction, since the growth of the cryptocurrency market is still expected by the end of this year, of course, everything can be vice versa, so it is worth considering all the options that can happen with the cryptocurrency market, and of course, some cryptocurrencies showed good growth during this dump, for example, Solana, most likely big players withdrew large amounts of bitcoin and invested in Solana, since it is still difficult to understand why the price of Solana was growing so quickly.
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All top cryptocurrencies want to be used around the world and therefore developers of all top cryptocurrencies are trying to improve their cryptocurrencies to new heights all the time, as well also these developers are making marketing of their cryptocurrencies all the time so that as many people around the world as possible would start using their cryptocurrencies, but how we know most governments have a negative attitude towards cryptocurrencies and because of this mass adoption of cryptocurrencies is not as fast as we would like to see.
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Bitcoin will grow in price constantly, of course there will be a correction and then the price of Bitcoin will fall, but in the future the price of Bitcoin will be worth 100k$ and even more, but it is just not known when it will be, perhaps when the next Bitcoin halving will take place, so if to buy bitcoin now for 52k$, then this is already for a long term, since it is not yet known when the big Bitcoin pump will be, but if you now want to invest in Bitcoin for a short time, then it is better not to do this now, since correction may begin in any time.
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Nobody knows when the dump of the cryptocurrency market will start, at the moment we can only guess when this might happen, and of course you by yourself have to decide when to sell your cryptocurrencies and when it is best for you to take profit from investments, for example, I have already sold a lot of cryptocurrencies, since they have grown in price very well and brought me a good profit, and now I just wait for the correction of the cryptocurrency market to re-invest in various cryptocurrencies which brings me income already long time.
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#proof of authentication
Bitcointalk username: trauchot
Telegram username: @Parilera
Joined campaign: Twitter, Facebook
BSC Wallet: 0x1d0ef5158eA4914EBf909b53DCEACD3dDE8476c1
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At the moment, Ethereum blockchain is the most popular and most successful, but of course we all know that transactions through Ethereum blockchain are becoming more and more expensive and this is a very big problem and therefore BSC has been gaining immense popularity lately and I also see every day how many cryptocurrencies are moving from Ethereum blockchain to BSC, so I think the time will come when BSC will catch up with Ethereum blockchain or even surpass, but in the meantime, we need to try to make as few transactions as possible through Ethereum blockchain due to high transaction fees.
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In general, there are many different stable coins and therefore it is not a problem to choose a stable coin in which you will store your money, for example, the most popular stable coins at the moment are USDT, USDC, BUSD, DAI and TUSD, so choose the most convenient stable coin for you and start holding your money in it, and in general I keep my money in USDT and BUSD, because for me these are the best stable coins and I am sure that everything will be fine with these stable coins, because most big players holding their money in these stable coins.
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I usually invest in top cryptocurrencies when the cryptocurrency market goes down very much and when the prices of top cryptocurrencies fall by 30-50 percent or even more, I also follow various cryptocurrencies and wait for some incredible news to come out in order to immediately have time to invest in these cryptocurrencies, because usually after very good news, the growth of these cryptocurrencies begins, also, I study various projects that conduct IDO`s, so that later through IDO I can participate in token sale, I also make investments in top cryptocurrencies when hard fork of these cryptocurrencies must be already very soon.
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The fact is that most of the cryptocurrency projects that have appeared recently are scammers who want to get money from cryptocurrency investors and that's all and because of this it is very risky to invest in new projects, of course, there are also a lot of top new cryptocurrency projects, but its not easy to find a good crypto project and that's why many cryptocurrency investors prefer to invest in proven top cryptocurrencies like Ethereum or Bitcoin, and in general, everyone has their own ways of investing in cryptocurrencies.
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Of course, the time will come for the price of BNB to rise to 1k$ and even higher, since recently a lot of big players have been investing in BNB and they are doing this in order to start pumping BNB again in the future, and also Binance exchange itself is the most popular crypto exchange in all over the world and Binance CEO is constantly trying to develop BNB as quickly and efficiently as possible, BSC is also becoming more and more popular and thus, due to this, the price of BNB is also growing and more and more people are starting to invest in BNB, so the time will come when BNB will reach incredible heights.
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I agree, as soon as the price of Ethereum began to rise, immediately other cryptocurrencies began to rise in price, this is of course very good, but so far I do not think that there will be a huge growth of the cryptocurrency market in the near future, I currently think that by the end of this year a very good growth of the cryptocurrency market is possible, but at the moment we need to monitor Ethereum, since it is possible that Ethereum will reach 4k$ this month, since the bullish trend is now showing itself very well and Ethereum can break through 4k$ even in the coming days.
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I fully agree with you, as different emotions lead to the loss of your money, I also had such experience, long time ago I also started to learn cryptocurrency trading and because of various emotions I did a lot of mistakes in cryptocurrency trading and because of this, I lost a lot of money, but after receiving experience in trading, I already understood what to do and how to control myself and so now I am no longer making that huge mistakes in cryptocurrency trading, and also I am very rarely engaged in cryptocurrency trading because its very hard to make profit in crypto trading and it takes too much time.
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The altcoin season has been going on already very long time, we have all seen to what heights various altcoins have grown, and I think that the altcoin season is still not over, and most likely, at least until the end of this year, another rise of altcoins is expected, so we should carefully monitor the cryptocurrency market, because in any the moment a big pump of altcoins may begin, but of course we shouldn't trust any experts and analysts, since they get money for this and they too often make mistakes in their forecasts, and because of this, people who invest according to these forecasts very suffer.
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Cryptocurrencies really change our world in better way, because already all areas use cryptocurrency technologies that develop these areas to new heights on an ongoing basis, and with the help of cryptocurrencies we can make very fast money transfers around the world in a matter of seconds, but the fact is that as we all know, there is a lot of black money in cryptocurrencies because of which most countries do not want to legalize cryptocurrencies and because of this, if cryptocurrencies will be legalized in all over the world, it will take a lot of time, but when this will happen, cryptocurrency market will be very big.
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Until now, the NFT sphere is very popular and I think that by the end of this year many NFT projects will grow very well in price and of course every day there are a lot of different NFT projects that need to be monitored and in some of them, of course, we will need to invest, since many of these NFT projects will be able to bring excellent profits, I also think that exchange tokens such as BNB will grow again to new heights and this will happen already very soon, so we need also carefully monitor all top exchange tokens, I also think that top cryptocurrencies are ready for new growth and therefore every day I follow the cryptocurrency market and especially top cryptocurrencies.
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