During The dip Period

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During the dip calls for more attention to be paid to the crypto market. Major alt coins are beginning to decrease in worth. but are you going to pannick about the situation? No.

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We have criticized the central bank responsible for issuing out fiat. Proving that crypto should be the chosen one. But it seems everyone is running from the crypto market for now.

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Weather we accept it or not crypto is the future currency and less of fiat will be in circulation.

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Yes for sure I agree crypto should be the chosen one but how can we all recover from the dip is a major question.

This will lead to considering the following points.

Mass crypto adoption

All hopes should not be lost because of the dip. However it is the best time for individual block chains to make provision to educate people about crypto thier asset and it's importance. This will aid gain mass adoption globally which can help in recovering from the dip.

Carrying out this task will involve funds been spent on the process but it is worth the benefit attached.

Regulation of gas fees

High cost of gas fees when it comes to withdrawing crypto asset from social platforms such as discord contributes to the dip because people will like to sell all what they have to meet up with the gas fee especially if you need a huge sum.

Global regulation

When there is mass adoption of crypto with gas fee regulation, there should be a global regulation. Reasons been that one person might own up to a thousand BTC’s and would like to withdraw same day to his local fiat or usdt. This will cause chaos in the market and most especially, new investors.

But when withdrawal limits are been set daily just as the fiat system and account types. The market can be trusted by new investors and daily withdrawal is been set.

Corruption in the crypto system

One thing that causes dip is when there is no transparency on the side of the stake holders or managers. Let’s take a look at the recent Luna crash.

The question is that how could Luna dropped down so low? This simply indicated the market was manipulated with fraudulent activities. To reduce the injury placed on crypto, there should be transparency on the side of the managing group.

In summary, let the crypto space be regulated. To do this it has to firstly be taught to people who has little or low knowledge about crypto currency to have an idea of what it is. Let people know about it and what purpose it serves.

Thanks for reading, I am Breatrice, a blogger and web developer, what should be o served during the dip is to buy and hold crypto. do have a nice day.

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