Currently, the market sentiments are not good and especially in October it is not expected. This year has been different because in September when we were expecting the market to go down but that did not happen. Now in October when we are expecting some value appreciation then also it is not happening so the question is why the market is going through different sentiments as of now.
Maybe the reason why some of the countries are in warlike situations and even what we have seen how Iran is going through these days with Israel. It is a global market so it cannot be escaped through whatever is going on in the world which means if something goes wrong then the market will be affected. Although I don't think it is a matter of concern because this is not the first time we have seen such things happening in the world and every market will be affected but when it comes to recovery then Crypto is the first one to go on that path.
The Bitcoin price is in the range of 60,000 U.S. dollars and even Ethereum is down but it's not too down that we can be worried about. Maybe from an investor point of view do you think that coin prices are going to improve over the period and it might take a few months then it can be a good time to invest. It is not financial advice but it is up to you how you see the overall sentiments in the market and do you think that it is going to be growing sooner or later.
It is always recommended to invest in the market for the long term because sometimes due to the change in the sentiments, we can see more fluctuations in the market and that is why with a long-term strategy we can hold and wait for the right time. I don't see any big drop in the market in the next few days looking at how things are moving up but maybe it can look a bit stable or maybe slight fluctuation is also visible in the overall movement.
What are your thoughts about it and do you think that the market is going to recover by the end of this month or do you think that it will remain the same this month even though October has been a good month if you go by the historical performance?
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