It is difficult to control our emotions during any kind of crash or loss of your investment which not necessarily be the CRYPTOs but can be any sort of investment from bonds, stocks, properties, or foreign currency. Panic with mental pressure and anxiety is a common phenomenon if you are losing a significant part of your assets with such an unexpected crash. These are always unexpected but in the crypto world many things are expected and in many cases, these become real but very few people are able to realize such behavior in the market. Being an explorer and crypto enthusiast, I have seen the hype in 2017, extreme bleeding the following years then super hyped previously, and the bleeding again from last year and these are common to me.

After the bull season, cryptos are now facing the same issues that were in 2017 and 2020, and now again! But the bitter truth is that now the change is that the proven tricky people are creating and placing themselves at the top of the project lists and many existing whales are supporting them and making the general people fooled! If it is not, how can FTX declare that they are working with Justin Sun to save people's funds? And how crypto.com can make such a shit transaction and still they are ensuring their customers that their funds are safe! I never thought that the projects like Block, Crypto.com, and FTX will be such scamming projects as they are behaving now. Though I don't have funds in these projects except for some FTX which has lost almost 90% of its value. They have the chance to gain a great market share from Binance as there is no giant CE except Binance which is so transparent now!

Time to buy crypto now?

As usual, the best time to buy crypto is the current period of extreme fear. BTC will go to zero is a great SLOGAN when such strong storms attack the crypto world when crypto winter is already wiping out the garbage project from space. But if the situation is like this nowadays, people can't trust these seemingly safe exchanges are doing such shit, then hope people will get involved with this. The LUNA has already significantly damaged the whole space and FTX, just like nuclear explosions in the Crypto world!

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And if Binance becomes the next FTX what will happen? In November 10th, Binance showed 475,000 BTC, 4.8 million Ether, 17.6 billion USDT, 601 million USDC, 58 million BNB, and 21.7 billion BUSD. The total reserves held by Binance are worth $69 billion. That is almost 8.5% of the total crypto market cap and if it faces a little concern, then definitely crypto will die for another decade which is not expected at all.

How scammers are themselves a community?

The recent transaction of crypto.com proves that the space is really full of wicked people who always help their partner to save their ass when difficult times come and meanwhile they destroy the customer's funds! The proof of reserve shown by CZ from Binance reveal such internal transaction among the wicked to save their ass is really a bad sign. So, how to keep away from those people? The only way to learn about safety measures is to protect your own funds which have no alternative.

What about the USDT which has a market cap of over 66 billion with an 82.45% backed by the actual cash and cash equivalent while the rest 18% is not? More importantly, they have around 4% investment in the digital token type sectors which is more than 2.4 billion which is risky other bonds and reserves are also can fluctuate which can be a true concern anytime as the situation is becoming worse day by day! I never want to expect such a situation but there must be such concern to be on the safe side!

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More crash to come?

Though I am not a professional trader market specialist but my experience sense, I still didn't see the bottom in the market which will make a huge bounce after a huge red candle. So, I am expecting the next bottom around 12000 USD which can be broken up to 9500 which is my ultimate bottom. But I prefer to do SIP from now tom make the average price to go down as the current price is really attractive.

• Just think about when BTC was trading for more than 60K, how you feel if I get another opportunity at 30K, I will buy with all of my cash!

• And if it goes down to 20K I will sell my unnecessary assets to buy more BTC!

• Finally, if it goes down to the 15K mark I will take a huge loan and buy BTC!

But now BTC is around 16K and no one is behaving like that rather than saying- BTC is going to a big zero. And truly speaking such a moment is the basement for the next bull cycle which is always bigger than the last peak!

Thanks a lot for your time and attention. what do you think about the current situation let me know in the comment. Have a great day!