Crypto market is started turning green after a storm of red candles. Bitcoin price is recovering as it is now trading at $64200 after dropping to $63k which has put confidence in altcoins that is why they are recovering as well. This is true that altcoins recovery is slow as compared to dump which happens fast.
Bitcoin is the most powerful and important crypto in the industry. The market moves are tied to it. Altcoin prices depends on Bitcoin. When it goes up the altcoins go up , similarly when Bitcoin price decreases then altcoin prices also gets decreased. Bitcoin is known king for a reason.
I was reading somewhere people discussing about Bitcoin. There are few people who thinks that Bitcoin will dump hard and will get back towards $30k. They have their own prediction but i dont think that it will drop to that level because we have now big hands in the game.
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According to my understanding , Bitcoin price can drop to $60k and in worst case it may go to $50k but $30k isn't possible as its a thing of the past now. People who think Bitcoin will drop to $30k still seems unaware about the progress of cryptocurrency industry. I mean they must be sleeping on Bitcoin And ETH ETFs .
On the other hand it is good to see $HIVE price recovering fast after the big dump. It is now trading at 24 cents. Lets hope that pump continue and it crosses atleast 30 cents and then slowly move towards the half dollar price.
If you dont know then let me tell you that hive price dropped heavily in the recent altcoin drop rally. Congrats if you bought that dip as the price has already recovered more than half and still going up.
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Actually these kind of dips are a quick way to get some decent profits. All you have to do is buy when the prices go down this much. I am confidently saying that you can print good profit if you buy such dips as they mean to generate profit for the ones who take risk.
You must keep one thing in mind that if you want to get successful in your life then you must have to take risks because without taking risk you cant change you life. Crypto dips are actually risks which can change lives if picked at right time.
There are a lot of examples we have which shows that how crypto has changed lives of people who took risks. Remember the guy who sold his house to buy bitcoin is now a millionaire. He took the risk and is now living a comfortable life full of joy. Life will keep giving you opportunities , its upto you that how you avail them.
Crypto is risky, at the same time it has the ability to change lives. If you dont take risk then you can grow.
Thats it for today. Thanks for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you. Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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