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The crypto market is experiencing a resurgence!

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Post time 28-2-2024 08:17:54 | Show all posts |Read mode
CoinLedger analyzed data from 500,000 users and found that in 2023, the average realized profit of cryptocurrency investors reached $887.60. This figure reflects investors' flexibility and adaptability in market fluctuations, as well as their quick response to adversity. Investors achieved this profit in 2023 through the sale or disposal of cryptocurrencies, which typically incur tax liabilities. Particularly in the United States, investors often transfer cryptocurrencies to non-investor wallets for tax purposes, such as sales conducted on exchanges.

David Kemmerer, CEO of CoinLedger, pointed out that the growth in this profit may signal a gradual recovery of the entire cryptocurrency market, bringing positive signals to investors. It is worth noting that 2022 was one of the significant challenges for the crypto market. A series of crypto industry collapse events, including the collapse of the Terra ecosystem, the closure of FTX exchange, and the disintegration of cryptocurrency lending institutions such as Celsius and Voyager, had a significant impact on the entire market.

In these events, investors averaged staggering losses of $7,000, with Ethereum losses being particularly significant. The collapse of the FTX exchange became a focal point, as the asset value of the cryptocurrency ecosystem plummeted sharply, plunging the market into chaos. However, the net profit data for 2023 indicates that investors seem to have slowly awakened from this collapse and found opportunities in market uncertainty.

With the release of the 2023 profit data, the future of the cryptocurrency market is full of expectations. The flexibility and market adaptability of investors demonstrate that despite experiencing significant challenges, the market still possesses strong resilience. David Kemmerer emphasized that investors' profitability may be a precursor to the gradual recovery of the entire cryptocurrency market, laying a positive foundation for future development.
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Post time 28-2-2024 10:55:26 | Show all posts
Are they all so capable?
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Post time 28-2-2024 13:03:37 | Show all posts
Making a profit is also a nice gain.
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Post time 28-2-2024 14:35:44 | Show all posts
I didn't enter the market. So I can proudly say that I didn't lose any money.
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