For how long will the market remain red?
I have noticed something recently. Not only are the different cryptos falling in general, but this is especially true about those dealing with passive income and those spitting out crazy APYs to their buyers every single day. How come? Now that the market is falling, the investors with big stacks are fearing their sources of income, so instead of just stacking up, they are now selling.
And with the red market, new investors fear spending their money, which once again leads to further decline in prices.
How long will this last? That is a question I am unable to answer, but right now, it feels to me as if this might actually last for a while, simply because investors fear their money and the passine income platforms that have fueled so much of the bull market, might actually start to drop in value. That is not because they are bad, but simply because the investors fear their income, and thus, they will start to sell their tokens in a larger degree. And that will lead to further red market.
Where to place the profit?
That is a brilliant question. I don't know for sure, but I guess buying those bigger coins feel much safer and better, or simply getting some USDT stablecoin might work well.
What do you think? I would love to have you read my most recent article that can be found here and then share your thoughts: https://www.ipaddressguide.org/is-a-bear-market-approaching-in-many-ways-we-would-deserve-it/
Have a wonderful day and invest with wisdom!