welcome everybody ...
⛔Note: Everything written in the article is a personal opinion and not investment advice. Please do your research.
Unfortunately, today we all woke up to a bloodbath in the digital currency market.
* Reasons for the decline in digital currencies today.
(Article cover image explains)
In fact, there are several reasons, the most important of which are the direct reason: the decline in the value of the dollar $ today and inflation.
Note: Please click on the images to see the data.
1) Today, 4/10/2024, with the decline in the value of the dollar $, a report was issued on (CPI) inflation, the consumer price index in America, and the number rose to 3.5, more than expected.
2) It is logical and natural that with the decline in the value of the dollar $, the value of gold must rise, but also the value of gold has decreased today. How can gold decrease with the decline of the dollar? If we basically use the dollar to obtain gold, it is illogical. And not only digital currencies decreased (gold is more important than digital currencies in fact, however, gold also decreased)
3) The #BTC , #Ethereum✅ and #Solana currencies are not made or complementary to the US dollar. If the dollar falls, it falls with it, or the dollar rises, it rises with it. They are made in order to be a solution to the dollar.
But what happened today with the declines in gold and digital currencies due to the transition from the traditional economy to the new digital economy, we will continue to witness this situation. Because the equation is still related to each other.
⛔🖐 I would like to draw your attention:
The market will gradually return to normal soon. Maximum 10 days. We can't do anything
Whoever wants to watch, do nothing. Whoever wants to enhance a suitable opportunity
It is wrong to sell digital currencies at this time. Anyone who wants to buy can buy, but do not sell at a loss. Just sit and watch and do nothing.
The reason ⛔🖐: You and I woke up today and saw the declines in the digital currency market. If we do not control the psychological aspect of our condition, it will push us to sell, and after selling, our psychological state will remain tired because of our loss, and one day will come when nothing will change in our portfolio because of the sale.. but if We remained as we were and did not do anything. There is hope. Let us say, there is 1% hope that our portfolio will change the next day. Perhaps the market will rise one day. Let us live the 1% hope in the market and not lose it due to haste in selling.
Thank you all.. Eid Mubarak.. I apologize for the length
🖐I respect all people and wish goodness and success to all people. I am open to discussing your opinions in the comments, and I will be a very happy person when I am the reason in my article for earning you a sum of money, even if it is $1. I respect negative comments that are not consistent with my point of view
To everyone who liked my article and finds it close to logic, I hope you share the article with others because I am also happy when I am the reason people avoid loss and raise awareness about investing in digital currencies....
