Post
Topic
Board Economics
Re: Do not panic. Everything will get better
by
Moeda
on 17/08/2022, 18:44:55 UTC
1. Be patient, don't panic.
2. Buy and hold.

The first attitude is very suitable to be applied and very many traders experience tremendous panic when they see the market price drop, especially Bitcoin is now at $18k.

It's becoming increasingly apparent that other coins are very influential on Bitcoin. So, the opportunity to buy to increase the volume of Bitcoin can be done again for long-term investments. The current market situation in my opinion is a very tough test to be applied by those who are impatient.

Do not panic. Everything will get better.

Of course the basic concept in crypto trading is patience without panicking at chart changes. If we hold 1 Bitcoin, even though the number of dollars continues to decrease, Bitcoin remains 1. This will make our Bitcoin amount the same, but if we sell it it will decrease. Holding it is better than taking the risk by selling it. Because the price of Bitcoin will continue to grow, even though the current conditions are experiencing a downturn. Yes, this is just a test of patience.