Good-Guy
VIP Contributor
Cryptocurrency never had a good ending in the year 2021 when the cryptocurrency market crashed in a really horrible way on 6th December, 2021. Some experts believed that the market crashed due to holidays and outbreaks of new variants of Covid-19 virus. Many cryptocurrency traders were thinking that the year 2022 would give new hopes for the traders. However, it seems that this is not the case. The cryptocurrency market crashed once again from 6th January to 8th January and now it seems like a few traders are now again facing some problems.
According to latest news, many cryptocurrency traders lost around 82 million dollars approximately on 12 January 2022. However, they did not lost money due to crash of cryptocurrency market rather they faced loses on future trades by betting on a crash of Bitcoin and other currencies in the digital market. Bitcoin regained value to some extent and the same is the case with a few tokens and Altcoins that follow Bitcoin, as many traders in other coins also lost money. This suggests that cryptocurrency market is truly volatile and many traders could get puzzled in the end. This is why I recommend proper trading strategy when it comes to investing in cryptocurrency and traders must never rely on luck itself to benefit from cryptocurrency investments.
According to latest news, many cryptocurrency traders lost around 82 million dollars approximately on 12 January 2022. However, they did not lost money due to crash of cryptocurrency market rather they faced loses on future trades by betting on a crash of Bitcoin and other currencies in the digital market. Bitcoin regained value to some extent and the same is the case with a few tokens and Altcoins that follow Bitcoin, as many traders in other coins also lost money. This suggests that cryptocurrency market is truly volatile and many traders could get puzzled in the end. This is why I recommend proper trading strategy when it comes to investing in cryptocurrency and traders must never rely on luck itself to benefit from cryptocurrency investments.