Quote from: smyslov on Today at 10:47:59 AM

Quote from: Trixoempire on May 19, 2021, 12:29:08 PM

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.

What made you think that it will take three years, don't speculate or make an assumption when news of the ban happens I converted my weak coins to stable coin this is to protect my investment and only trade it when things are ok I cannot find a better coin when the market is crashing but only stable coin, you must always ready to convert your coins to USDT, it's your safe guard against crashes.

You would definitely got angry if you do presume that the price would recover after 3 years.For sure he had been presuming that the bearish market that happened on the past would definitely be repeating this is why he do assume that this would happen again this time.

We shouldnt really believe that it would happen again even though it isnt an assurance since it could really happen but basing off on the market condition we are taking it is unlikely and for sure recovery wont really be that too long.

When you do deal up with this market then you should really prepare on circumstances like this and be prepared to be frustrated because price could swings up and down on the least we expect.