Post
Topic
Board Economics
Merits 1 from 1 user
Re: Do not panic. Everything will get better
by
wmaurik
on 22/08/2022, 02:20:52 UTC
⭐ Merited by yudi09 (1)
1. Be patient, don't panic.
2. Buy and hold.

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.
Those two options are always good for anyone who doesn't panic and also has a lot of patience. Because the risk is clearly there, but people who have positive thinking will always prefer a challenge by applying patience and also buying in the ability that he has to hold in the long term. Remember that the market situation will not always remain or forever decline, because changes are always there and occur in the market so being patient and not panicking is the way to get wiser profits.


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.
I don't just see this downturn as a test of patience, but rather an opportunity to buy more Bitcoins at low prices and keep them safe for long term investments.
Because one day I will also sell it again when the price of Bitcoin is really high or increases in the market.