The headlines of many media outlets are focusing on the current recession that is beginning, and they do not hesitate to set their sights on the volatility of the crypto world. all this due to how difficult it has been for the price of Bitcoin to rise, as the main currency in the blockchain market. This gives us the harsh impression that despite the professed independence, the adverse effects that have occurred in the Fiat world, strongly influence the crypto market and vice versa.
Various mining and blockchain technology companies such as Riot blockchain, or Digital Marathon, see their share valuations lose, as does Hut 8 mining corp., also saw its shares fall by 10%.
Of course, not only companies are affected by the crypto winter, in the same way, common users see their investments lose, many projects that fail to recover the investment capital, others that already lose enormous value when they go out for trading. This whole scenario creates a wide distrust of many new actors in the blockchain system.
On the other hand, and as a direct consequence of this downturn, there are the layoffs that several companies are making, accusing the decline in profits and the lack of market stability. A week ago the news broke that one of the largest miners in Europe would free up a good percentage of his payroll.
In the end, all this environment that is developing is an immense opportunity to learn, prepare, and take the necessary measures for the new bullrun, which will surely begin very soon. There is no need to despair, let us remember that in cryptocurrencies there will always be opportunities, and that is why we must take care not to make the same mistakes again. If we are entrepreneurs, do not use human resources as disposable assets, depending on the income of the money; and if we are investors, the ideal is to educate ourselves financially more and more.
And so surely success will be greater for everyone.
The headlines of many media outlets are focusing on the current recession that is beginning, and they do not hesitate to set their sights on the volatility of the crypto world. all this due to how difficult it has been for the price of Bitcoin to rise, as the main currency in the blockchain market. This gives us the harsh impression that despite the professed independence, the adverse effects that have occurred in the Fiat world, strongly influence the crypto market and vice versa.
Various mining and blockchain technology companies such as Riot blockchain, or Digital Marathon, see their share valuations lose, as does Hut 8 mining corp., also saw its shares fall by 10%.
Of course, not only companies are affected by the crypto winter, in the same way, common users see their investments lose, many projects that fail to recover the investment capital, others that already lose enormous value when they go out for trading. This whole scenario creates a wide distrust of many new actors in the blockchain system.
On the other hand, and as a direct consequence of this downturn, there are the layoffs that several companies are making, accusing the decline in profits and the lack of market stability. A week ago the news broke that one of the largest miners in Europe would free up a good percentage of his payroll.
In the end, all this environment that is developing is an immense opportunity to learn, prepare, and take the necessary measures for the new bullrun, which will surely begin very soon. There is no need to despair, let us remember that in cryptocurrencies there will always be opportunities, and that is why we must take care not to make the same mistakes again. If we are entrepreneurs, do not use human resources as disposable assets, depending on the income of the money; and if we are investors, the ideal is to educate ourselves financially more and more.
And so surely success will be greater for everyone.
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