With the current situation of the crypto market as a whole, there have been a lot of investors with different views as they predict different things to the public and holders which some have made a lot to get rid of the town which they possess and now they are observing and waiting for the bull run again before coming back into the crypto space which they were before, and to me I think not all predictions are meant to be followed as to what we see on the social media which has decided the fate of many in the crypto world.
Now talking about the issue of the present dip that is happening in the crypto market and to me I feel it is a normal thing and as a crypto holder or investor or even trader, you are meant to expect this kind of phase because it is volatile. earlier this year at the beginning we saw where the price of bitcoin was and its effect on all other tokens since it is the mother of all cryptocurrencies so it will surely affect all other altcoins as we all know, Crypto to me is a long term scheme which can't be rushed into because it is not a get rich quick scheme as the way others picture it which is one of the major factor that has driven investors to sell out their token immediately they experience any form of dip.
So yesterday I was going through the internet in other to check for the latest news and not to be in the dark when others are talking about the recent happening so as we all know for the past few months now, we have been experiencing a dip which other token too are also affected by it. The price of bitcoin went so low to about $24,000 as it was two years ago going to about $70,000 then which was a very good moment for me and all crypto holders. The price has now gone so low to the extent that it is more than half of the price it was then so what I am trying to say is that I saw a prediction by one of the crypto experts yesterday talking about how they see the trend of bitcoin currently and what investors and holders should expect in few months this year also.
Talking about the current price and the one to come which is the bull run, he said It will happen soonest and predicted that it will go up more than $40,000 in a month's time. Can this really happen? That is my big question, Should that kind of prediction be considered by investors and I hope it won't cause them to lose all that they are keeping in store? Most investors seeing that kind of prediction might be forced to get a lot of money to buy tokens because it has been said that Bitcoin will go up to $40,000. In my own view, I think any prediction we see online should not immediately be accepted and taken into consideration because we have a lot of people who predict just based on their own knowledge and insight which might not later happen.