Hold or sell? What is the most important in this current market?
Investors are currently seeing a downfall in the crypto market. Currently, the price of Bitcoin has started falling since the last few days and it is currently trading around $65,000. Although the price of Bitcoin started to fall after reaching its peak, the price of Bitcoin did not fall as much as the price of altcoins started to fall. If you look at the altcoins, you will see that most of the altcoins are down a lot. This has created a new panic among investors and many are now standing and thinking, what should they do?
Their thinking is nothing new. Because at the current rate at which altcoins are starting to fall, such thinking is natural. But most of the investors who do think this way are newbies who have never seen a bull market before. Honestly, crypto markets are like that. It will make you panic and force you to sell all the coins you have and make you think that the crypto market will always go down and there is no such thing as a bull market. Especially those who are new investors will be such victims and will not have the opportunity to buy again at that price when they sell later. Rather, they will regret it later.
We should keep in mind that the crypto market is known for volatility. But if you have seen bull market in the past, you will definitely notice how Bitcoin first corrects and then it stays in the uptrend line. That's basically when the altcoin season started. But no one can say with certainty when the bull market will start. But one thing is certain when it comes to this position that most of the investors' portfolios are heavily down. So here is not despair but patience. Because if you look closely at the market, you will see that nothing negative is happening yet. No such negative events have been created around the market.
Rather, currently positive news has come around Ethereum. As the US Securities and Exchange Commission recently announced they will no longer investigate Ethereum. Which is a positive news. A lot of such good news will come to the market before the bull market begins. That's when institutions starting with big whales will start investing in altcoins. As a result each altcoin will gain a good market cap. Then each coin will give multiple returns. So hopefully you understand what you should do? Sell or hold?
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