Apart from the fact that inflation is a major problem, there are other areas that are also adding to the inflation problem the world is facing. cryptocurrencies for instance have been a safe heaven for many since the advent of inflation. both the rich and the poor see it as a way to preserve their asset but despite the promising nature of cryptos it also has it's shortcomings.for several months the crypto market has been down with market prices falling. this was as a result of the bears taking over the market.
The bear market has caused many lost of investment adding further injury to the rising cost of inflation. bear market has also made it hard for investors to profit from their investment. this has actually lead to a situation of choosing between inflation and crypto bear market at the moment non of this seems to be good because of the way they are both affecting the world econonmically.looking at both situation critically it is good to say that it is hard to choose from the two which one could be a better way to make financial end
This period of time is a very good time to invest in cryptos since the prices are not high and can easily be bought cheaply but the problem is that no one knows when the bear market will be over, for anyone the idea of buying or investing in cryptos is to make profit. now where the dilemma is, is that no one knows when the bear market will be over,so it will be a big risk for anyone to put its hard earn money on crypto at this time , the tendency of you loosing your money is very high since no one knows when the bull market will prevail.
I have been wanting to make some moves in investing in crypto but I am some how not really getting the scope of the market at the same time I am wasting money due to inflation buying small goods with large amount of money. so what which should I go for my fellow hive members , should I take the risk of investing in crypto or I should just continues spending.