To the average investors, this can be very troubling as many will be considering to sell to avoid further depletion of their asset. But is this the right thing to do? Do you plan to sell now to avoid further loss?
Many people in some of the groups I know are thinking about converting to USDT to convert back to BTC after the rainfall stops but I don't thing this is a wise decision. Personally I have resolved to continue buying this time. What do you think?
It's still a debate about right or wrong in this case, but I can say it's wrong to sell for reasons to avoid losses because bitcoin is experiencing a decline like most people do. Even though we understand how the market works at all times, there are times when conditions go down or up and that should be the answer not to sell in those conditions. When an investment is made for the long term this does not affect anything because people expect ATH as a step to sell it.
About the decision to sell then keep USDT to make it easier to convert back into bitcoin and whether it is profitable. My answer is no because when people take the wrong approach to selling or accumulating purchases, it will actually cause losses. For me it is better to hold on to holding and it is better to apply a long-term investment pattern to bitcoin investment problems.