So bitcoin is down $3,000 today and it seems to be getting worse. Do you think this will be like 2018 again when it went to $18,000 then tanked and went to as low as $5,000 in the next year or so? What would you do in a situation like this now or in the future?
It is simple, catch the falling coins and have the patience to hold for a few months, the market will recover and i am sure we have not seen the rally everyone is expecting. There were huge institutional investment that rallied the price and what do you think they will be doing, book the profit and then reinvest again and there is nothing to be surprised here.
That is what I might just do too. I can grab some but will probably wait till I get a sign. It felt like it will just burst up or plunge down anytime.
If I have the money I will likely buy some that had been moving up faster recently like the Aave and XRP for it may just pump up again but will also be ready to dump when it hits the 19k. This is where we can see prices swinging up and down for days. Excitements gone now.