Some investors seem to be tired of waiting for Bitcoin prices to rise and start selling their Bitcoin little by little. Now that the Bitcoin price has
dropped below $30k, I predict that there will be panic selling in the near future, even though there has been no FUD for the past few weeks.
However, seeing the Bitcoin price drop below $30k, this is enough to make some investors worried. In fact, if we look at the history of Bitcoin
movement, the current situation has repeatedly happened to Bitcoin. So we should be patient with the current bad market, because usually
near the end of the year Bitcoin will be bullish again.
Expected to see more panic seller going to dump their bitcoin since imagine how huge the amount we can lost if the dump continue, I really experience that before so I really don't blame people since seeing the value of your assets declining continuously is really stressful so its good to get rid of it if we see huge decline nearly coming due to big fuds. The only thing wrong there if we don't do buy backs after the dump happen since we will lose the chance to earn when market is at the cheaper price.
There's nothing wrong with selling Bitcoin now, because some people are stressed seeing their assets go down. Therefore, the function of
the stop-loss feature is to prevent us from experiencing huge losses. But don't forget to do buy backs, when the Bitcoin price drops even lower.
In order to cover the previous loss, but because I bought it from the start with the extra money I had. So I prefer to hold the Bitcoin I have,
and wait until the Bitcoin price recovers again. In the end, everyone has their own strategy, please use it according to what we think is effective.