It's January and now bitcoin has fallen to 35k, followed by altcoins. what my friend said at that time came true and his prediction came true. last December became an important point in determining the direction of the trend. the result is that at the moment the market can't hold on and continues to fall slowly. most likely we will start a bear trend. if i listened to it maybe i wouldn't worry too much about the current market situation. My current choice is only two, hold or cut lose.
Hi all, Last week my friend once said about the current and future situation of the crypto market. he said that if bitcoin can't stay above 60k, then altcoins will be hit by a big correction. At that time I doubted what was said because I saw the market situation was quite good. but seeing today started to believe it a little. further said that the end of this month until the end of the year, will be the most important point for the crypto market because at that time it will be a representation of the situation going forward. he said if by the end of the year some big coins pass their support point, then the market will not be fine going forward. but on the other hand if big coins like bitcoin, ethereum, bnb and others can stay at current prices, the start of the year will be a pretty good situation to trading.
judging from what he said, I conclude that right now the market is at a very important time. but even so I didn't fully believe what he said. I stick to my decision that currently hold is the best despite the red market today.
Now that we are already down 20% or more i won't sell off anymore as it is too late in my opinion. I will wait out this bear market (if it really turns out to become a bear market like the one from 2018 to 2020) as i did before, i am still in the profit zone as of now but of course my portfolio values is already down around 90% or so in comparison to it's ATH back in May 2021. If i would sell off now and the market begins to rise again i would definitely regret it more than to just wait and hold even if the prices continues to crash. I only invested small amounts of FIAT that i can afford to lose completely therefore i don't really panic.