Quote from: kkofor on Today at 03:06:24 AM

Quote from: MCobian on September 05, 2020, 10:53:35 PM

Many factors have contributed to the downturn in today's market, but there's no need to panic. We must think positively,
remain confident that the market will rise soon. I believe by the end of 2020 we can all see cryptocurrency prices return
to an all time high price, therefore we don't panic by selling the cryptocurrency we have today. Right now is the perfect
time to buy Bitcoin and altcoins, because the prices are cheap.

The value of a lot of big coins is having a big correction over the past few days and if you are holding Fiat or USDT then this is your chance to accumulate more as the current market is still very good. However, before investing, you should have a new strategy to limit your risk because if you are not careful, you will easily fall victim to the next bear market and will make you lose a lot.

If you view weekly chart of most coin. It is overbought and it will still take some weeks to finally recover again. Bitcoin is rallying price since April and altcoins too so its now facing big correction with that same duration to close the gap on Moving average line. This is a healthy correction or else we will suffer same fate last bull run 2017 which results to 2 years of bear trends.

We need a steady and slow pump rather than a massive pump with a short period of time. So I suggest to wait until the market shows some uptrend momentum sign rather than buy now without certainty that the current price is the bottom. Its better to enter on a sure position atleast you can minimize your risk.