Why The Current Bear Market Seems Different

A lot of crypto faithfuls are going through a rough patch and some are even beginning to criticize crypto, I wouldn't blame them, crypto has a way of turning faithfuls into skeptics. It's the same with the hive blockchain. A lot of people are beginning to be impatient especially when it comes to hive, and this is probably because they feel hive isn't growing at the expected pace.

However, this sentiment is majorly driven by price. People would latch on to development and growth when the price isn't favorable and they'll forget this when the bull market comes, it's a repetitive process. However, this bear market seems different.

The reason it's this way is that the world is generally experiencing an economic decline, and crypto seems to be the scapegoat because some people felt it shouldn't be affected. Apart from that, many governments are trying to tax, sanction, ban or control crypto. This has created a negative vibe.

We haven't heard about a big announcement lately regarding crypto or new money coming in and this might be disturbing especially for people who are trying to predict the next bull run. However, there's always a phase like this at all times, in this video I talked about why crypto is an obvious risk as this is the high point of the video.

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