The recent market crash highlights that cryptocurrency can be as vulnerable as fiat currency. If a market can crash due to minor news, it raises doubts about the decentralized nature of cryptocurrency.
The synchronized decline of all coins suggests that the market may be influenced or controlled by centralized entities, or it indicates that the crypto community is not as robust as it claims to be.
This challenges the idea that cryptocurrency fosters true freedom and decentralization. Instead, it appears that control and centralization persist, and much of the hype may not reflect reality.
For retail investors, I strongly recommend avoiding reliance on influencers. Instead, focus on securing profits whenever possible, rather than waiting for exponential returns. This cautious approach could help mitigate risks in such unpredictable markets.
