Post
Topic
Board Speculation
Re: Will the war between Israel and Lebanon bring another dump for bitcoin??
by
Smack That Ace
on 26/09/2024, 08:24:57 UTC
Every time we saw that when any war happened, the price of bitcoin dumped drastically. At this moment, Israel and Lebanon are in

So my question is that What should we do at this moment as a small traders? Should we sell all the crypto and wait for dump??

Although the cryptocurrency market is very sensitive to macro news, the market does not always move every time news is released and sometimes even reacting the opposite.

Basically, the market is unpredictable, it does not follow any rules and is not easy to predict. As a trader or investor, to achieve the desired level of profit, you need to combine a lot of market data as well as your knowledge and experience... you should not rely solely on news to speculate.

War happened and theoretically, bitcoin would react and possibly dump, but nothing has happened. It can be said that the market is unpredictable. Furthermore, as some have said, the uptrend is coming soon so even if there is a correction, selling right now is not a good idea. The best strategy at this point is to buy more and hold, hold, hold...absolutely do not sell no matter what happens.