As you may know, throughout 2021, I was extremely active in covering several cryptocurrencies and crypto stocks from the United States and Canada. But things have radically changed since. First, crypto stocks are all underperforming. Bitcoin and Ethereum have lost immense value in terms of dollars. The market no longer values these actions (linked to crypto) as the way things were.
I personally retain no investment in Mara, Bitfarms, Hive, Riot, Hut8, etc. (none of the cryptography actions)
Seriously for all of this, I want to write in this space (crypto) because the actions are not going anywhere but on a serious downward trend since then. I know a few people who had invested a lot during the cryptography boom and who could not go out in time to save the capital gains more. Fortunately, I made small winnings when I came out and I did not bother to invest since.
So, fundamentally, what was wrong with cryptographic actions?
First of all, before going ahead, quickly take a look at the place where Bitcoin or BTC, and Ethereum is currently being held.
As you can see, in the past year, BTC Price has been on a downward trend while showing no signs of recovery anytime soon.
Now let’s quickly examine the price of ETH for reference.
Again, the same story here too, Ethereum Price has decreased constantly in the past year.
The reason why I focus on the price movement in the past year is quite simple, all these cryptographic companies have made huge movements in the acquisition of new materials and the projection of results and to come; BTC was also in a bull with a price prediction up to $ 100,000 before 2023. In addition, there was a bunch of youtubers projecting the BTC price to go up to $ 1 million (lol). I do not know where these channels are now because I do not follow them very actively.
Another thing, if you follow, at the time, we had too many users of Twitter Blue Twitter with surveys, graphics and graphics proving authentic in terms of BTC and ETH price projections. Look where we are now. In the past year, they are only increases in interest, inflation and so on. In fact, the best of actions, that is to say that even quality tastes did not give us gains and move downwards or laterally.
What if you are still invested in these cryptographic actions?
First of all sorry for the losses. I hear you, I know the bone pain losing money. It’s hard money earned after all, and especially in the current inflationary scenario, I feel for you. But we have little or no hope of recovery here.
My sincere point of view is leave investments You have done with losses. There is little or no hope that your money will recover while keeping in mind the short – in the longer term in this space. Please no longer follow this market, unless you are extremely passionate / bullish by BTC and ETH price movements and you have great hopes for a price recovery. My best wishes in this regard. But if I were you, I would leave now, if you haven’t done it yet, and go elsewhere.
Again, if you look at the current course in Mara shares, it amounts to $ 6.19 USD.
While Riot’s share price is currently 3.98 USD per share.
Can you seriously believe that the price drops here? Especially the huge dip. I still remember all the news and the stock prices last year, the Nasdaq rating stories, the Yahoo forums buzzing price forecasts, calculations and anything. Especially the tastes of Mara and Riot with huge purchases of minors and buzzing with crazy stock market courses in one day.
And especially with the competition between Mara and Riot in the purchase of the last minors to extract more BTC, with all this, it is really sad to see the price drop both in BTC and in shares; So much in a year.
As I said, I no longer very actively follow the results Q and the reports of one of the Crypto companies. I am completely out of this space. I received a lot of readers’ emails from this blog to ask for an update on Bitfarms, Hut 8, etc., but the sorry people I am here. It’s just time to lose and nothing more.
Last words
If you are too exposed to cryptocurrencies or cryptography actions, please review and balance your wallet better. Holding quality Blue Chips is good every day. Please carry out quality research before making investments. Exhibit / always diversify your investments to minimize the risk by holding a lower percentage of high -risk shares.
As I said, I left all these high -risk stocks and crypto of my wallets. I don’t even have cryptos at the moment.
For the moment and in the future, and as I get old day a day, I come back to the basics and I plan to invest only in quality Blue Chip actions such as Apple and Google.
Please let me know your thoughts and comments. Stay happy and safe. After all, who does not like a new start when things are shaded, have positive hopes, you will end up being better than yesterday.
