Happy New Year

Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends new year is about to come in just an hour. Time to say good bye to 2022 and welcome 2023.

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During 2022, many new projects entered in the crypto world but didn't achieve success. Overall 2022 proved bearish for crypto market. Market which was about to touch $3000 Billlion during 2021 fell below $800 Billion. Current global crypto market cap is $795 Billion.

First, Terra Luna collapse badly hit the market and latter on FTX observed a massive dip as a result investors deprivedf from Billion Dollars. One of the major reason of huge loss is inadequate regulation in crypto world. Proof of reserve, complete audit and better regulation may help to avoid such big scam.

Other important lesson to learn is that keeping your asset intact and place your assets on either wallet, hard wallet instead of centralied exchanges.

During 2022 majority of coins reduced worth. Almost top notch coins like BTC and ETH observed more than 60% dip. There is no need to panic as the previous stats tell that BTC has never seen consecutive year bearish trend since 2012.

It is important to learn from all past mistake. Every new day comes with new opportunity. Time to utilize all our learning from the pass and make year 2023 more wonderful and amazing.

In the end, I would like to greet Happy new year 2023 to all community members around the globe. May the upcoming year will bring, joy, happiness, health and wealth in your life. May upcoming year give crypto market a bullish run.

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.