Over the past weeks the market was dipping everyday that if you bought the week before, you was already at lost by the next week. This frustrating market cause may Investors to stop buying and waiting for the buttom. I just opened my binance app and noticed market is recovering, and I just wanted them know what the community at large is doing but I'll see the individual response just to pass time while we wait for full market recovery.
what are the decisions you're making now, will you wait for this new market development not to be a trap before investing again or you'll risked it and buy more coins?
The market dumped in half, every coin did the same although some dumped way below half, the market has starting recovering slowly and I think very soon if bitcoin is able break the resistance around $41 and $42k, if bitcoin is able to break that then we will see bitcoin at $45k to $50k soonest, if that happens then its goodnews for everyone cause all altcoins will start pumping again, the best time to buy wonlud be now imo.
Dumping in half is still better than it actually sounds. If it dumps by 66% it has to triple afterwards to get back to its all time high. When it halves we need one double up. As we all know from the past the market doubling up has almost always been quick and easy to observe. Given the volatility, halving or doubling up isn't the same as it would in other markets. The market is in a great condition. I would be a little bit concerned if for no obvious reason we dump by 50% right now.