Now, I have something I wish to share concerning the sudden crash we experienced yesterday, which saw bitcoin crash to around 40,000+ from $45,000+.
It is about 10% correction that is better than many Bitcoin corrections I witnessed since 2017. It is not too deadly correction in my opinion but correction itself is very good for a bull market.
Because this market has many people, who are smart, stupid, greed, FOMO, fear and so on. Corrections are necessary to clean up the market, to kill greedy people who gamble with leverages. When they are out forcefully by market crash and liquidations, the market has better conditions to continue its bull run, with less selling pressure.
What we investors, should be mostly afraid of is slow bleed, for this is the silent killer.
Investors must do some basics for their investment.
Store their bitcoins in self custody wallets.
Don't use leverages because margin calls are harmful or even deadly for their position and money.
With these basic strategy, investors won't be affected by short term corrections of Bitcoin if the trend is bullish.