What are your current opinions on the cryptocurrency market?
This was asked in June 27 2022 when bitcoin traded around $31,792.55 and since then price has been on a consistent dip. Bitcoin is not an asset that can be predicted with chart patterns or news. We trade according to the trend. If it says buy we obey, if it says sell we equally obey and if it say pause we obey. My current opinion on the crypto market now is obedient to what ever pattern the market forms until a massive bull trend resumes.
So far there's nothing we can do but to follow any sentiments if we are in a day trade business, but if we are aiming for long-term investment.
Buying and holding give us a better chance of compensating huge profits when the market start to pump high.
Though it's not easy for it is, as most of the time we are being controlled by our emotions even we already have
the experienced with the situation, it can't be removed that due to volatility we are still following market sentiments.