'Do not panic' - when it comes to anything bear-related.
'It creates opportunities' - but first-time investors may become concerned when prices begin falling drastically
Any tips to offer people new to cryptocurrency?
Reading this made me think of this qoute from Warren Buffett "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"
As of the moment, retail traders are in panic mode and I'm pretty sure of that because this huge downfall is undeniably alarming BUT the thing that everybody is going out of the market selling their assets, maybe it's a good chance that we take advantage of that qoute a great trader thought us. It makes sense right?
That quote is something that will keep coming into reality as time goes on, but the truth is that not everyone will actually understand or be able to put it into practice. This is an opportunity to be picking the market at this point, and sure, there is a certainty the market could go lower, but considering the long term opportunities for this market, the previous ATH, where we are now, the best thing to be doing as an investor is to be investing bit by bit if you do not know how to monitor price action in the market, or if you know how to do the latter, just wait and let the market develop and see a good chance to get in than trying to rush in, but in the end, it all depends on your plan and mentality when it comes to the long term