Despite the FED rate cut, the market has crashed, and there is a major reason behind this. In this post, I will provide information about it and will try to give more details regarding the market.
As we all saw, last night the market suddenly dropped, and the price of BTC reached as low as 98K. The reason for this was the FED rate decision. Jerome Powell, who is the chairman of the FED, cut the FED rate, which was obviously good news for the market, but still, we saw the market continue to fall.
What whales and other large investors often do is manipulate the market when good news comes. They do this because they want to create panic in the market, causing investors to start selling their coins.
When fear selling starts in, the market starts to drop, and the whales and other investors always take advantage of this. This is the situation now, where people have sold their holdings, and the market has started recovering.
The interesting thing to think about is, who is buying in such a situation? There is no doubt that whales and large investors are taking advantage of this opportunity to buy.
One thing should be kept in mind: the bull run is about to begin, and many altcoins are set to perform well. At the start of next year, the market will react positively, and Bitcoin will begin to rise again.
Investors who do not exercise patience in difficult times will surely not see the good days either. I hope this post motivates you to hold your positions strongly and not sell so easily.
We have all made an investment, and many of us have been waiting for the bull run for the past 3 years. Now, when the bull run is near, why should we sell? At least exit the market with a 5X profit.
Especially for those who are Hive users, there is no difficult situation. Hive is a coin with a good future and a strong ecosystem that supports its projects.
For example, if a Hive user gets stuck, there is no problem because you can continue to work within the Hive ecosystem, which provides you with daily income. Certainly, Hive users will profit in any market condition, and when its price hits $5, it will be very rewarding.
I will end my post with this, don't sell your holdings so easily, because you have been waiting for better days for the last 2 years. Be patient, stay strong, and have courage.
I hope you find this post interesting and I hope you will like it. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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I feel like I'm broken and I don't know what will happen next. 😔
Excellent analysis for those new investors who will be afraid I see it as manipulation in the market.