Crypto hasn’t stopped amazing people in all of 2022. Cryptocurrencies are the most volatile assets one can hold. There is another debate if they really are assets. Lets look at the prices of cryptocurrencies today.
Are you an investor in these currencies? Are you still a holder?
After the taxation, there hasn’t been any volatility. All Indian investors are avoiding dealing in any sort. Word is cryptocurrencies will touch rock bottom. Only to get back up sometime in the long future.
As per the technical analysis, there isn’t any support on the charts of these major currencies. Neither there is anything to support the fundamentals. If you had invested 50,000 a year back , chances are it is 20,000 right now or even 10,000
Should you get out? well, it’s totally your call. cryptocurrencies are always controversial. There are no quarterly or annual results, which could impact the prices. It totally depends on the psychology of the herd.
Do stay in this to know what happens in the long term.
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