The #Cryptocrash season has arrived again, with its usual unforgiving fury. Twitter users are at an all out rampage posting memes on their estimates of the dip, poking fun at each other about their advice. Bitcoin’s value has dropped to RM166,726 today, while last week it was RM185,000.
It is pretty common for the coins to go up and down in value, but this crash is stipulated with the speculation of the American government trying to fight inflation of the US dollar by tightening it. Furthermore, the war in Ukraine is also not helping the situation for all forms of investments as well. Some speculations are saying it’s due to a potential tax increase for those investing in the coins.
However, this is the reality of the crypto market, it has its fair share of ups and downs. Whether you have ‘diamond hands’ [holding on to your coins] or ‘weak hands’ [selling them as soon as they drop], it is entirely up to you to decide on your next steps.
