Cryptocurrency investors obtained a golden nugget from Devdiscourse.com cryptocurrency market analysts this week.
The professionals said that like any financial adviser would say, investors should keep in mind that “nothing is guaranteed” in the cryptocurrency market as in any other financial market.
This message dispensed for cryptocurrency investors came as some cryptocurrencies crashed lately, and investors wondered what this event could mean for their future.
We understand that our followers who are cryptocurrency investors feel disheartened as they see their virtual asset investments’ trading values nosedive tremendously lately.
We think this educational article can help them view the recent cryptocurrency market crash from a better perspective.
According to the informative article posted online by technology news website Devdiscourse, cryptocurrency market analysts from Devdiscourse.com pointed out that the latest virtual currency market crash was potentially triggered by a financial raid on Terra that is supposed to match the US dollar.
This stablecoin traded at merely 18 cents last weekend, and its partner token, $LUNA, which trades at exactly US$0.0002164 at the time of writing per Coinarketcap.com, subsequently collapsed.
The virtual currency market analysts said this type of attack is extremely complex and involves putting multiple trades in the cryptocurrency market to trigger certain impacts that can give the attacker considerable financial gains.
These trades resulted in Terra’s fall, bringing its partner coin $LUNA down as well. The cryptocurrency market analysts from Devdiscourse.com said that these events have caused cryptocurrency investors to feel alarmed as they witness the shocking event, sparking market withdrawals and then causing more panic.
Some crypto-assets have recuperated in the latest cryptocurrency market meltdown to a certain extent. Nonetheless, this reality still represents a seven-day aggregate loss of over US$500 million and prompts existential queries about the cryptocurrency market’s future.
The Devdiscourse.com virtual currency market analysts cited that many cryptocurrency investors invest in crypto-assets because they think this investment opportunity would make them richer.
Additionally, these risk-takers believe cryptocurrencies are transformational and would eventually supplant traditional financial exchange forms.
Cryptocurrency investors think any increase in a virtual asset’s trading value is an exhibition of its increasing power over traditional money.
Furthermore, the virtual currency market analysts said the latest declines have undoubtedly shaken cryptocurrency investors’ beliefs. They pointed out that these people could likely take solace that they had seen this meltdown’s worst and that better times might be ahead.
Nevertheless, the cryptocurrency market professionals cautioned that investors should remember that nothing is certain in the virtual asset market, similar to other financial markets.
We agree with the Devdiscourse.com cryptocurrency market analysts when they cited that nothing is guaranteed in the cryptocurrency investing scene. We think our readers, who are cryptocurrency investors themselves, should take this word of advice and caution to heart.
In this manner, we believe they can stay levelheaded and not feel too pressured as they see their investments undergo declines.