Will not use cryptocurrency to spend during market downturns. In this case keep investing and accumulating as much as possible for the bull market. Although there are many shops that accept Bitcoin as payment, there are still many people who prefer to pay with fiat currency. Use cryptocurrencies as investment holdings instead of daily payments for better returns in the future.
Everyone has their own way of dealing with this, because there are not a few people who do the opposite at this time if it can really please them. But in reality it is clear that there are still many people who like to invest in cryptocurrencies and prefer to use fiat money when shopping. And this is also caused by everyone's different thinking in seeing investment opportunities and also in using fiat money more wisely.
People's mindset toward spending their crypto in a downtrend is not profitable. I don't know why we are always talking about profit. But in this kind of season, most people tend to sell their altcoins if they need to, and if not, they will be on hold. We should always be ready to sell because we don't know what will happen to the altcoin if we don't (like if there are big news coming), but in bitcoin, I say no matter what the market status is, as long as I don't have any profit or I don't need the money, I will still keep holding.
I think the idea of selling without even knowing anything about it or like hearing some news makes a person or should we called beginner trader is a general trader that somehow based only on looking at a chart in the market. Morelike a short term trader. I guess a lot of trader did earned by short term trade yet the long term traders or I would called them veteran trader woould use technical analysis. And that's when you said that downtrend or red days might also be a way to earn. Just like in futures and other trading platforms.
But for my own idea. I guess depends on the person if he has a quite knowledge in short term or long term trading. We must know what we're involving our funds and learn to research about it. Wheter it is good to sell when market is down or to hold until it goes up again.