Quote from: nesty on Today at 05:13:25 AM

Quote from: FireDAOJackie_Z on March 28, 2023, 02:43:49 AM

Over the past few weeks, all cryptocurrency prices have gone through a new round of ups and downs. As always, the altcoin prices have followed Bitcoin price's fluctuation closely and as of today, all prices have dropped: Bitcoin price now is $27,000, ETH $1,700 , BNB $310 and other new altcoin like ARB at $1.14. I know that volatility like this is quite normal and for most long term crypto holders, this means no big deal. However, for those short-term players, they would definitely have sold a lot of them when they reached a relative high and if the prices continue to drop, they will probably buy a lot and wait for the next ATH. Too realistic, huh ? Yes. I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

As of this time the market begins to fluctuates again downwards and it is true that altcoins do follow Bitcoin's price. The market is truly volatile that no one can really determine if it will be bullish or bearish. Since last year the market fluctuates dramatically and a lot of investors had faced losses because they had invested at a higher price. No one anticipated that drastic change in price would occur last year. But if you have enough knowledge in investing crypto currency you will not panic specially if you are aiming for a long term investment. Every investment should involve being realistic, we should only invest what we can afford to loose. Do not put all your money in just one basket, so that your investment will not be locked in just one coin. We should enhance our knowledge in investing crypto currency so that we can invest wisely.

It's true. Nowadays the market fluctuates again and many have faced losses, including me. I bought Bitcoin and some other altcoins when the prices were high and unfortunately they all dropped dramatically. The good thing is that I don't panic that much because I am confident that bull market will arrive soon, hopefully this second-half year. Of course enhancing our knowledge is a must and we should do this every single day.