The entire crypto market is falling again today, but is this the first time?
I know that if this is not the first time but that's more than enough to make a lot of people are feeling fear to see the market right now.
Didn't it fall the same way in 2021 before the new ATH?
It didn't, the correct thing should be the same way in 2020 before the big pump started to happen. This was around when covid has been creating so many fear and that makes the price of bitcoin plunged from 20k to the 3k.
And remember what was the level of greed and fear at $40,000 a year ago and now? I see this drop as an opportunity to buy fundamental tokens at a good price. I bought NEAR, Sol, Aurora, Harmony, Link, ADA.
Yeah just bought it but the situation in the market is totally unpredictable. You can use the old patter to determine the future patter.
Also a good reason to believe that this is just a correction is the fact that the largest venture capital funds continue to invest money into the market. For example, a month ago Three Arrows Capital bought 156K ETH, or just recently A16z, Alameda, Three Arrows Capital held another round of investment and invested $150M in NEAR Protocol, which indicates that serious guys like a16z and Alameda still believe in growth.
If that's true and those venture capital in a big lose right? I personally think that if the market is very risky right now. Bitcoin has a chance to go to the another dip again and look at the market this time. It's not so strong again.