Hive performance in the worst Crypto crash.... Do you still have faith in Crypto

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Hello Hive

It still amazes me to see that the downward trends continues even into the new week after the FTX saga caused the price of cryptos to dump greatly.
There are been different predictions and I think it is now very much possible and evident that the price of BTC can fall back to $10k and at such rate we may possibly experience the price of hive to go even lower as with.
Maybe something around $0.1 cent.

Screenshot_20221114035959.png

If a third large crypto exchange can crash it is indeed a very bad sign for the Crypto space and by now alot of weak hands will be doubting the genuine of cryptocurrency.

There may be some panic sales going on for most who wouldn't want to totally lose their funds.
For a BTC to witness an all time high of $66k and fall back down to a ridiculous $10k price this is more than enough to make anyone lose their faith in Crypto.

Individuals have different timings as to when and how they want to use their investment and money or the proceeds of these investment but all of these have now been tied down to a dangerous bear market with no hope of when this will ever be over.

Indeed Crypto is a new money making and gambling playground and it is pertinent to never invest what you cannot afford to loss.

Posted Using LeoFinance Beta

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19 comments
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I agree. But I'm hopeful that it will recover and Hive sure will recover but will take time.

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The best is never to invest what you cannot afford to lose because, in the crypto world, anything can go wrong making all our investments go down and at the same time, making them increase more.

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My coach in crypto always says, CRYPTO IS UNPREDICTABLE!!!!

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Exactly... I hope we play safe while investing or gambling

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The market has gone deeper than ever. This is the first time am seeing #hive gone this low. Well, I believe it will rebound soon.

Wish you the best of the day

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