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?
Honestly it's been a challenging one for every investors sometimes it seems one should just go ahead and sell but the major fear is to sell in loss. Yeah this period there have been a lot of panic sellers due to the fluctuations in the price that's not favourable to the market. Selling now could results to a total damage but one can't predict the outcome so it's best to buy and hodl.
Of course, selling now or later when the price drops more further is a total damage and waste of time and energy in the sense that for a long term investor whose been accumulating and hold even when the price was higher and later hits the ATH, you didn’t sell as of that time, you hold until now and you are panicking to sell after holding for a long time even the period when the bitcoin price was doing well, it’s going to be a total waste of time if such person decides to sell now. My advice is that we should make use of the opportunity to even accumulate more, as a long term investor who truly understands the dynamics of bitcoin will know that the price of bitcoin will always increase even though it goes down at a point.