CRYPTO CURRENCY in 2022

Cryptocurrency now plays a huge role, in our economy and throughout the world. We have seen so many visions of cryptocurrency. Often factual, often mind-blowing stories that keep us on toes.

Cryptocurrency, as in bitcoin and Ethereum, and many other coins. Bitcoin is the biggest crypto in the world. Ethereum is the second biggest cryptocurrency in the world. In 2021, Bitcoin, and Ethereum were at an all-time high and had great investments coming in. Currently, it has been low since the economic conditions, high inflations, money value, and problems in the macroeconomy.

Let me make you understand more clearly with various examples from the past, talking about the future, Overall put in simple terms to make you understand the whole knowledge and what role it plays in our economy.

As we all know that cryptocurrency is a digital currency that is liquidated digitally and basically allows investors to hold their shares and invest. cryptocurrency is unpredictable. either it can be a good investment or a bad one depending upon the market value and how it depicts the flow. You see, people still wrap their minds around this currency as it is not very liable and consistent.

Now there are companies all around the world that have stocks in bitcoin, Ethereum, coin switch, Tether, USD coin, Binance Coin, XRP, Dogecoin, etc.

· For example, Tesla, aggressively embraced Bitcoin in 2021, investing $1.5 billion in the currency as CEO Elon musk touted Bitcoin's advantages over standard fiat currency. For part of the year, Tesla customers could buy cars using Bitcoin.

• MSFT261 47-1.50% Microsoft Corporation.

· V198.71-2.67% Visa Inc.

· NVDA150.94-3.74% NVIDIA Corporation.

· MA324.37-3.44% Mastercard Incorporated.

· AMD84.87-2.07% Advanced Micro Devices, Inc.

· GS332.671.54% The Goldman Sachs Group, Inc.

· PYPL93.441.64% PayPal Holdings, Inc.

· CME195.610.42% CME Group Inc.

These are some of the top companies that have invested in crypto, and there are many more. Yes, there are always highs and lows in bitcoin. Over the last September, bitcoin had faced a new low, due to high inflation prices, and macro-economy problems like wars, further the specific economy’s downfall, for, example recent Singapore issues, Russia-Ukraine war, etc. The experts recently said that this is a new shift in the economy and there are chances that it may go lower than this.

In May 2022, crypto markets went into a freefall that led stablecoins Terra USD (UST) to depeg from the dollar, which in turn, caused its linked cryptocurrency Luna to crash as well. As of a result, many Terra and Luna investors saw their investments vanish in a matter of days. Within a few weeks of Terra’s downfall, the crypto market plunged again and several crypto companies announced layoffs and froze withdrawals to slash costs due to the extreme market conditions. Some companies like Three Arrows Capital and Celsius have since filed for bankruptcy.

You see, the lawmakers are trying to protect their investors by inducing laws that will help from cybercrimes and overall protection.

Ethereum also has made major changes along the way and going more as well, in the case of protection of the investors, the whole version might change the chance of completely not leaving the investors penny less. This will bring more attention than before since the new updated version is just better, faster, and cheaper.

We often get confused about the whole investing is good or not in cryptocurrency. If you ask me, I think it involves good and bad. because there is no way, a good investor hasn’t suffered once or always makes the right decisions based on news or the past or even predictions. Like I said unless until you get your hand dirty you will understand about you want and what your visions are. If you blindfoldedly follow investors based on his/her intuitions, it might only benefit them and not you. because there are chances that yours and their vision on chasing the crypto might be different. Your way of dealing with failures and success might be different. It's all about seeing and watching what you like and actually being happy about the investment you made so that even if you fail there are chances you might feel like you did for a good cause or you invested in a good company that you like.

Either way, it took warren buffet 20 to 30 years to actually reach his first million, even though he started investing when he was 8 years old. Nobody can tell what will lead to YOUR success. How you see things and opportunities differs from people, whether good or bad. In my opinion, none of the “BAD “ investments are technically bad, because we did invest at the time overlooking what made sense to us, what actually made us choose the decision, and what actually looks like the right decision.

Even in recessions, we see how people react based on certain inflation, stock brokers' news, and how it portrays an image that can completely change your vision. It's about sticking to your vision. Yes, we do what our gut tells us, but based on those decisions too, we immediately back up our investment and wait for the recession to go away. My point is that none of the decisions are bad, you see if you backed up it may have helped you from an upcoming loss. But also if you wouldn’t have backed up, there are chances the stock may have gone up due to companies image or certain last-minute decisions.

We really can't always predict what is going to favor us, the gut is what speaks to us and that is what we are going to do. I say yes, this isn’t the best time to invest due to the recent news. But either way, do not always run away or just always keep at least your toes dipped in. As an investor, you shouldn’t always put all your saving or your assets in crypto, since it is unpredictable. Keep only 5% of your income or the overall saving dipped in cryptocurrency. Because even if you fall, you have something to fall back on.

So, It is necessary to know your knowledge before we invest, and actually just blindly following the advice and doing things that other investors did is not going to help you, unless and until you dip your fingers in the investment world. Learning to deal with difficult situations might help you have a good mindset and have a broader view of the world and how economics and politics work. Keep your mind open and also cautious as well.