Re: Will the war between Israel and Lebanon bring another dump for bitcoin??
Every time we saw that when any war happened, the price of bitcoin dumped drastically. At this moment, Israel and Lebanon are in front of a strong war which can caused many destruction. On the other hand, we already watched a almost good rally on bitcoin as well as some alts. But now, according to the previous history, we know after a pump, it takes some correction.
Since we are holding some crypto, we are afraid of another big dump.
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??
We don't know what will happen and it's very hard to suggest whether buy or sell crypto. If there is a big strike and a fuel to the fire will be added, which will result in World War 3, then no one really will care about Bitcoin. At the moment you see dumps because people are afraid of worsening of the situation and are trying to leave the game early.Since we are holding some crypto, we are afraid of another big dump.
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??
People use psychology in trading. Now, you think that war will dump the price, that's what others think too, so this expectation translates into dumped Bitcoin's price and some sell before it dumps and buy when it dumps but no one knows what will really happen.
It seems that the United States is the only country that supports and abets Israel's terrorist acts, other NATO members like France also strongly condemn what Israel is doing . Not to mention, the United Nations has also warned, but it seems that the Israeli terrorists do not care because they know that the United States supports them.
Unfortunately these are just empty words. For example Macron is still supplying weapons and troops to Israel despite what he says to appease the people. Other Europeans don't even bother with that like Germany for instance that not only supports the genocide and Holocaust in Gaza but also sending troops and weapons openly. Just the other day a German warship shot down a Lebanese drone in help of the Israeli terrorists.The reason why it hasn't happened yet is not the election, it is the fact that if US gets directly involved it would turn all US assets into legitimate targets for Iran and Iran could wipe them all out in a blinking of an eye. That's an escalation level that neither Iran nor Washington want.
What do you exactly mean?