Cryptocurrencies rise and fall in a dynamic type of financial market; what is not known for sure is why cryptocurrencies have fallen so drastically after coming from a period of historical highs.
There were thousands of users and followers of ryptocurrencies long to know who or what is responsible for this phenomenon that has affected so many users, even leaving them without a dollar of their savings. The peculiar characteristics of digital currencies make them highly volatile assets, which in many cases is counterproductive for investments since users who do not carry out the relevant analysis may have losses. For more information about Bitcoin and cryptocurrencies, visit at: https://www.bitcoin-consistency.com
A search that was not successful
Due to the sudden movements that Bitcoin and other cryptocurrencies have had, many crypto investors have been radically affected, as is the case of Chancers, a streamer who decided to invest in the digital financial market. This young investor declares that he had been investing in cryptocurrencies for more than five years, where his main ally was Bitcoin, leading to profits that made him obtain the desired wealth.
Only in this phase of turbulence in the prices of cryptocurrencies did he decide to invest in one that they assured would reach unimaginable values that would make him multiply his wealth even more. The specific case is the digital currency known as Terra Luna, in which he decided to invest and carry out operations for the modest sum of 800,000 dollars, without imagining that it was not the right time and, as expected, in a bearish phase, he lost practically everything.
By the end of 2021, this digital currency began to position itself to the point that it managed to increase its value by 2300%, which captivated the eyes of many investors and users of cryptocurrencies by making them invest in it. They did not imagine that the cryptographic scenario would change drastically, which led to an unexpected crash that left more than one bankrupt. Today Terra Luna has gone from worth $116 to less than two-hundredths of a cent.
Given this situation, Chancers had no other idea than to look for the creator of the said cryptocurrency, the 30-year-old Do Kwon; what I never imagined was that for going after his trial, he was arrested by the Korean justice system. Chancers, full of will, assumed that he should talk to Do Kwon since many of the followers of the digital currency followed him on social networks, to which he did not respond due to the results generated by the fall of cryptocurrencies.
It is how a search to find the possible culprit of a fall in the financial market was utterly unsuccessful, since when he knocked on the door of his house, unfortunately, he was not there. It is a situation that leaves a lot to think about since the financial and stock markets are precarious, which in many cases can generate millionaire profits and losses.
The basis of these markets is analysis; nothing certifies that you can be profitable if you do not operate responsibly; investments are not decisions that are taken lightly; they require a prior process.
Unexpected scenarios that can change everything
In the case of Chancers, unfortunately, he ended up in detention because Korea’s security policies indicate that a crime can be incurred just by bypassing private property. As with Terra Luna, many investors have also been affected by the significant declines that BITCOIN has had. Still, although many want to go after Nakamoto, digital currencies were created, and their lack of support makes them decentralized. All investments in these currencies must be executed with the certainty that the market may vary.
Many factors have influenced the development of the demand and supply curves of cryptocurrencies during 2022; many economic measures have been taken, and the ongoing inflation keeps them at a breaking point. Just as this young man lost almost everything, many may be earning thousands of dollars; only before investing in digital financial instruments should be selected with great caution. Unfortunately, in the case of Chancers, his future price vision was not the most appropriate; this has led him to have losses and an investigation that, as a public official, could affect his work record.
Conclusion
It is recommended to play it safe and invest in digital currencies that have positioned themselves among the most stable among the volatility margin that characterizes them; this is a market that has risks, but, at the same time, it also generates returns.