Boring crypto market but don't panic!
Currently the crypto market is very boring. Looking at the crypto market, only red candles are visible. It seems as if all the coins are going to the bottom. Although currently the price of Bitcoin is above 97 thousand dollars, the price of other coins has created an all-time law. It can be thought that if Bitcoin continues to decrease and the price of Bitcoin gradually approaches 30,000 dollars, then what will happen to other coins? No, we don't think so, because if it does, it will look like our portfolio will go to zero. No matter how the market creates this situation, don't panic. Be patient. We all know the saying that patience always pays off.
This situation in the crypto market is for all of us. So don't panic in this situation just think that you are not alone in the loss. Because most of the investors in the market are now at a huge loss. Even the money in the portfolio of many has reduced several times. So don't get depressed at this time but be patient. You will see that the market will return to its previous position in a very short period of time. However, going through this period is very frustrating and difficult for many. This is a tough time especially for new investors. Because the current situation in the market is mainly to drive away new investors or investors who are scared from the market. Basically there is a class of whales who are trying to drive you out of the market at a loss by creating market manipulation. So that we panic and sell the coins we have and when it starts to rise again we start buying at the price.
Analyze the reasons for the current situation. I think in the current market you should not panic but find the reasons. Also compare with other times. Moreover, we all know that the bullfight will come but many people doubt when it will come or whether it is over. So we can study about it especially every four years when this cycle comes so analyze every cycle.
Analyze the factors of the time, especially before the start of the bull market in the last 2021 or 17 years. Then hopefully the panic you are currently feeling will subside a lot. Because every time such situations arise, you must adapt to these situations if you are a true investor. Because it is normal for this to happen in the market. You may have heard nothing about the volatility principle of the crypto market. So this time definitely don't be impatient but accept the reality and wait a little bit. Hope you are going to get something good soon. Also, analyze why the market is currently down or why bitcoin is trying to stay in one place but other points are going down and educate yourself on crypto. Hopefully time will bring you good things if you can handle them well.
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