As you see, bitcoin's price felt from 6500 to 3700. From the very first day, there was panic and fall was very intense. In situations like this one, how do you act? Do you sell bitcoins, wait a little for more fall and then buy more with same cash? Or so you fully support bitcoin and hold it?
I ask this because want to know what community here does in such situations, do you do good for bitcoin or worsen situation?
When an asset has taken bearish directions the best thing to do is to flip that asset with a more stable asset and in the case of bitcoin it is more wiser to flip it to coins like usdt or usd and gpb for those exchange that allowed that. However this strategies is hard to follow as the market is highly unpredictable and it takes experience and professionality for you to be able to actually make money from it as about 95% of traders lose money in this market. Bitcoin falls because the supplies are higher than the demands and it is wise for you to understand the underlying factors why bitcoin is bearish.