Crypto Market Are Staging A "Carnage" —Grasp the Best Time to Gain the ROI of More than 1000%
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The cryptocurrency market has been fighting a dangerous typhoon recently since the panic sell-off brought about by US stocks and FED’s policy flip. Bitcoin (BTC) price plunged from USD 39,500 to USD 30,000 from May 5 to May 13, dropping by 24% in a week. And this plunge has also made more people apprehensive. The Fed hikes interest rate, the US stock market plunge and other events, all of these show that Bitcoin may experience a hard time. However, a number of factors suggest that now is the best time to buy the dip.
In fact, the next upcoming round of Bitcoin halving will once again greatly affect the price of BTC. With each halving, the daily issuance and supply go down. The difficulty of blocks mining for miners will increase further, which will also cause the price of Bitcoin to rebound. And the price rebound from this fundamental factor is unstoppable and unparalleled.
Warren Buffett once said, ‘Be greedy when you are fearful’. When analyzing the current sentiment of the Bitcoin market, 0-100 is often used to indicate fear and greed sentiment. Zero means "extreme fear," while 100 means "extreme greed." When investors become "too greedy", it means that the market will adjust, and when the index points to "extreme fear", it illustrates that investors are too worried, but it also indicates that it is a good opportunity to buy bitcoin. Smart investors can accurately identify market signals and seize every investment opportunity. This big drop may also bring comparable opportunities.
In November last year, the price of bitcoin was USD 68,000, while the current price of bitcoin has fallen to USD 30,500. If you buy now, the
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