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RE: Crypto crash in uncertain times can be a little hard but let’s cheer up

in Project HOPElast year

I really do not understand the reason for the sudden fall in pric

Credit crunch.

With unfolding recession many businesses and individuals will face trouble with paying their loans, morgages and taxes. So liquid fiat will become very valuable for everyone around us.

Having crypto in our porfolio is an investment. Usually we invest what we can lose. So priority of it isn't that great. And if we would face threat of losing job or shutting down business - then we will sell of however much we need to simply survive.

I'm personally expecting that BTC will drop again to 3k and STEEM will go below 0.05$ within upcoming few weeks. And halving will not help. It surely will reduce selling pressure coming from miners - but that's all it can do. It will not create demand. And panic sell will continue.

Yours, Piotr