Hello everyone...

In history, some things repeat themselves over and over again, and these events leave us with very important lessons. For example, on different occasions, there have been events that many "Experts" have called the end of cryptocurrencies, such as China's bans on miners and crypto trading, the regulations imposed in many countries, and when the COVID pandemic started the WHO made the official announcement.

But the announcement of the start of the pandemic set an unparalleled precedent since by just a simple announcement all stock markets, crypto, and metal prices fell dramatically, but cryptocurrencies fell back much more, bitcoin lost 40% of the price. And when there was this huge price drop many "Experts" argued that it was already the end of cryptocurrencies, that the bubble had already burst, and that the value was going to go to zero. Since the market lost, in a couple of days, almost half of its total capitalization. By then, from over $220 billion to about $138 billion.

But the end of cryptocurrencies never happened, as just a few days later the price started to rise to recover the value it had lost and even reached an all-time high months later of almost $70K.


![image.png](https://images.hive.blog/DQmTmzFxcsntDNZqjMWGoa8PkJKkkCdetbdFGFj2dnL3hqL/image.png)
[SOURCE](https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.marca.com%2Fen%2Flifestyle%2Fus-news%2F2022%2F01%2F07%2F61d84ebd46163fe3358b45c4.html&psig=AOvVaw0qawAw6MMDH4jKUhYMXp74&ust=1647196153090000&source=images&cd=vfe&ved=0CAwQjhxqFwoTCMiZ7JGawfYCFQAAAAAdAAAAABAD)

Now, why is it important to remember this event 2 years ago? Because right now something similar is happening, as the announcement of the war between Russia and Ukraine is generating fear in the markets which has caused prices to keep falling steadily or stagnate in a sideways price.

But something that is making the price of bitcoin and other cryptocurrencies very different is that it has managed to resist very well the announcements of war and international sanctions against Russia, which in some ways also affect cryptocurrencies in terms of price. If we compare the fear and greed index of March 202 we can see that when the announcement was given the market had a very extreme fear of 9 points, instead right now there is an extreme fear of 22 points. This shows the maturity of the market at this time.

But in addition to the maturity of the market, another factor that you mentioned that this time the crypto market will not fall to the levels we saw 2 years ago is that the war is in a specific area and instead the pandemic was something global and affected all countries equally. So, although there are announcements that can push back the price, the current war does not compare to the havoc left by the pandemic. And even if there are indications or threats that it could turn into a global conflict, for now, it is not likely.

Sure, if the price is expected to pull back to a high of $32K as the uncertainty generates a lot of fear and many weak hands may start selling, but we know from past market experiences that even if it goes down it always goes up and reaches new highs, and all this in a short time after hitting the floor, so if you are watching the prices right now do not see it as a loss, rather see it as an opportunity that will not return in the future as the price will vary possibly rise to $100K and set all-time highs.


Not financial advice, do your research.


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@fabian98/the-market-is-setting-a-new-precedent-are-you-paying-attention)