I know that some people are already losing their cool because of the crazy things going on with crypto lately, the SEC, and their security nonsense, I can't help but think that Gary Gensler is just manipulating the entire market for a good entry point, he was into crypto right from the start, I heard that he likes cardano and I am sure that he knows how to make money through crypto lows.
Now many people are getting out of crypto, online search about crypto have gone down so much compared to 2021, isn't this 2020 all over again? People are good at one thing, when they should be buying is when they always quit, I believe we are at that same place again, are you bold enough to keep investing? The next 48 hrs is even more crucial for crypto because of the inflation data, which can affect the price even more, but remember that nothing comes easy, you have to be ready to see your goals getting achieved.
I believe Now is not the time to quit, now is the time to be bold enough, keep using dollar cost averaging, and don't wait till when things start turning around before you start taking a step.
This manipulation thing happened every time, SEC has a lot of cases to Coinsbase and Binance i mean it wasnt the first time this happened but this kind of news affect the market prices for sure.
But in my opinion this was just a normal that hapapened a lot in cryptocurrency a lot of investors rely on the news, and for sure we can expect a drop in the market especially if this kind of news or articles are online, but at the same time if something good happened that can also equal to price increase depending on what news it is and how people/investors are going to look at it. But the thing is investors have emotions and not all of the investors can hold their cryptocurrency in long term so if are already expeting the drop so they might just sell it early to avoid loss.
I cant really see investors quiting cryptocurrency for me this is just a normal day, cryptocurrency doesnt have a lot of hype at this moment and the price drop but still a good opportunity to accumualte more Bitcoin.