I am angry rn I knew I should execute all my crypto yesterday when China anounced ban.
Now all my crypto 30% down. and it will take 3 years to recover.
I don't think it will need 3 years but don't worry holding is a good thing to do. Well, at least it is better than panic and cut lose your assets. Back to basic, people should use money that really free to anticipate something like this. So when we holding, we still have our main income to fulfill our daily needs.
It is doubtful we are going to even need a year, to me this is simply another aspect of the bull market, I think that by the end of the year we are bound to see another strong increase in the price of bitcoin that will take it to levels that we could have only imagined a few years ago.
This means we need to be patient as the recovery is coming and we need our coins to take advantage of it, also I do not see why people still get scared when we see news that China is banning bitcoin, this happens almost every year and yet people keep falling into this FUD.
Agreed. Highly unlikely we're at the start of a crypto winter with 3 years to get the price back up. I'd bet by end of year if it's not at new ATHs it's at least getting close to the old ones. Everything about recent price action looks like just a long correction and we're already bottoming in the $30,000s, rather than waiting a year to see the bottom. I do expect this ranging to continue for probably like two more months before it gradually starts building back up, and we may even see it break into the high $20,000s at some point, though not definitely. Basically, if you've got extra money you're looking at a great opportunity to get cheap Bitcoin. This feels a lot like the latest bear market bottom in the $3000s, just 10x higher.