I got this few words from a mentor; ‘loss is a transfer of gain’. It will make much more sense if you are part of the latter queue. It has been liquidations upon liquidations and it seems to be making the entire crypto ecosystem very boring. The underlying fact is, to many it seems boring but to a few people who are doing the sweeping, it is indeed an entertaining game to play around.
The most professional way of losing is the financial market I guess. You plug in from your end and some else from his own end decides to plug out. So what is really going on in the crypto market? Many would have expected an all round green candle by now. I mean, government bodies have come in from the area of regulations. Institutional investors are flooding the system also, this is one of those proofs that no one can really predict the market.
A lot indeed is going on but instead of seeing green, it is Red! Red!! Red!!!. To even emphasis all these started on October, a month that has always had an uptrend record a.k.a ‘uptober’. Maybe that first time all time high liquidations record should have been just enough to return the market to normal but it hasn't been true. As we speak, this is the first time I am seeing Hive trade below $0.15 cent since I joined this ecosystem. The stamina position has always been in $0.2 cents and worse is a flat $0.15 cents.
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What price is Hive currently, as when last checked I saw a downtrend price to $0.11 if not yet at flat $0.10. The same has been the fate of Leo token. After such tactical projects upon projects to sale this ecosystem, it seems we will have to exercise patience for a while.
Let's not only attribute it to this ecosystem, I don't really think any altcoins has been able to escape this continuous hit. This seems to be the third time in succession that we are seeing liquidations and yes the time frames are very close, something that will trigger much concern. Bitcoin is at least still selling above the 100K; we know it already has a solidified foundation so we should be worried most about the altcoins industry.
I will be putting out what I have also come to agree with in terms of why this market is reddish. Old timers are creating a vacuum for new opportunities. What do I mean here? Ok, my idea here is from a post in this ecosystem. The emphasis of the writer was that long term whales are selling. It is something worth considering, someone who has held on to Bitcoin for five to ten years may want to do a market relief. The fact here is, it is all to his profit, especially as a whale investor.
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First, this will trigger a herd mentality causing everyone to salvage what is left. A good time to later get back to the marker, isn't it. It is more like taking profit while in the process still retaining your same quantity of coins or tokens. I guess that the advantage of exercise patience, you get to do as you will because true profit is at your finger tips.
So will the market be revived? This is even the idea of the entire thing. Old timers are flushing out so that a new phase of new money can be brought to stage. I know this was the encouragement you were waiting for. Nevertheless, the price to pay here is to exercise patience. The whales who just decided to take profit benefited from such long term patience.
To conclude, let me add, my concern is not if the crypto market will bounce back. We have seen this severally but rather, I will be looking how this ecosystem can gain the needed liquidity. As it stands, especially for the altcoins markets, it makes newer investors lose confidence in this ecosystem. This is a factor that can cause crypto market expansion delays.
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