Is crypto dead

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Bit of a bag holder on glxy.to. Any suggestions with this one – keep holding with hopes of a resurgence, or do we think crypto will be down for a long time?

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Asked on November 16, 2022 9:49 am
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Hey there - that is anyone's guess.

If you still believe in crypto - as I do - then there is no sense in selling positions after such a sell off. Crypto has been known to have these big dips called crypto winters that can last up to 2 years. The question you need to ask yourself is do you believe in crypto in the long run or, did you buy it with the intention of making a quick flip - which likely won't pan out. I figure there is still plenty of time before we see a notable uptrend. The markets are still in risk off sentiment and with Crypto being high risk, you are likely not to see a meaningful uptrend until the broader macro environment improves.

Mat

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Posted by Mathieu Litalien
Answered on November 20, 2022 2:21 pm