It is hard being invested in cryptos and watching this sea of red go by. This is what generates the FUD ( Fear Uncertainty and Doubt).
You ask yourself, did the bubble pop? Bears are all around.
But thiis will certainly pass. Keeping your investments and not selling is the smart thing to do. A bull market will come.
I just read some news that the japanese and the australian governments eliminated some taxes that existed around bitcoin and crypto use. The progressive governments understand that this is the future and they can't really fight it. This should actually have a positive effect on the market.
I am also sure that there will be negative actions by some governments. I don't think the US government, especially under the current administration, will take the time to analyze what position they should take regarding crypto, especially knowing that they cannot fight the future.
Taking a negative position on the underlying technology behind crypto ( blockchain) to me is like going back and trying to fight digital camera technology because you argued that it was just a fad.
So be sure that the bear market will pass and the bulls will return.
Pura vida
