Quote from: Oilacris on Today at 07:57:18 PM

Quote from: Adbitco on February 24, 2022, 07:04:08 AM

Hello mate
Do we currently calls the market situation the bear or what?
Today I just opened my storage where i buy and stored most of my crypto coin and the rest I noticed have almost lost 60% of all my asset in dollars so I was tempted to sell off all and take a look at the market to know if there will be corrections, though I have been monitoring the market but I m not really convinced so I decided to share here to know whether I could get some people who knows about the market to give a little breakdown before I go into such decisions.
I will really appreciate then i can know the reason for such action and decrease in most of the currencies especially BTC and BNB.

Thank you.

I will read all comments to see the reason.

Why would sell on loss?

This simply could be answered with these questions?
Are you in need of money? If YES, then sell it out , If NO then better hold it off.

You wouldnt know on when those pumps would happen but this would really be needing off that extreme patience of yours.Keep holding specially you do have
BTC and BNB which is known to be one of the best coins in the market and wouldnt really be having any doubts.

Selling off maybe part of your strategy but make sure you know the right timing to sell. Sell them not to create losses but profits. However, if you think that their value have been constant for years and have stayed in a low value, i guess selling off is not that bad provided that you'll buy back good and potential coins. The market is still moving in a correction so we should always be responsible whatever moves we intend to do.