1) Why bitcoin is falling so harshly?
2) Why altcoins fall when bitcoin is falling?
3) I sold my bitcoins in loss, what should I do?
4) When will bitcoin go bull again and when is the resistance for current market?
1. News or events in the market
2. Correlation of price is always next in line
3. DCA would be ideal
4. Resistance and Support is always unknown
Whenever you do make out decisions then it wont be precisely 100% sure that it would work.No matter how old or veteran or pro you are
into this market you are still not sure on what would be the outcome about on your price predictions.
I agree with the first one, the "bad news" is the reason why it went low, but the news was regarding finance this time around. I mean FED increasing the interest rate means that there would be money going out of crypto (and stock market and gold etc etc) and going into interest instead.
So, it is not just bad news, it's what the news is about. The other parts are correct, there is nothing to argue against it, bitcoin and alts are correlated and traded together, hence why they move together that's true, DCA is definitely a way to go, and rebuying right away would work too, because selling when it's low is a bad move, and fourth one is also quite correct in this market, maybe not so much in stock world, but it is unknown in crypto.