CRYPTO CRASH AND WHY IT MIGHT TAKE LONG TO RECOVER
Recently, we have seen an drastic drop on cryptocurrencies especially from the mother currencies which is BTC. During a personal analysis, I came across some spots which I think might have a continuous effect in the Crypto Market, and if not rolled into consideration by the investors in all fields of the Crypto market, there is certainty that the voltality will have a greater effect, despite that Cryptocurrencies have high moving trend to quicker recovery than equities.
Some of the drops have been caused by a combination of factors, which includes but not limited to excitement about low-quality coins, to negative remarks from Elon Musk, to China’s recent crackdown on crypto services, recent regulations from countries on cryptocurrencies, epidemics (which obviously one is the recent Covid-19), Fads decisions and so much all categories from a wide perspective of the most developed countries. This mix of factors has potential to make sell-offs “all the more violent,”.
The positive contribution, I think could save investors, especially low level investors from getting liquidated is keeping small positions which they can afford to lose.