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.
When the market is down or volatile, it is generally better to hold an investment than to sell in a panic because selling at a low price will result in a loss. Hold the position and give the opportunity to recover the value of your investment. especially if the fundamental assets are still strong, and avoid emotional decisions that can harm the long-term plans that you have planned when you started investing. Discipline and patience in investing are very important to achieve the desired financial goals.
I agree with you that market volatility is never a reason to panic, market volatility is a normal thing, so if you decide to sell during this volatility, you are only damaging your own holdings, which you will regret in the future. Being panicked by volatility means that you do not yet have enough understanding about Bitcoin, the market price has gone down a little due to volatility, these are only short-term fluctuations, so there is no reason to panic about them. So instead of damaging your holdings in such a situation, if you have the ability, then buy more Bitcoin in such a situation, volatility is basically an opportunity to buy more Bitcoin at a lower price, so use this volatility properly, if you sell, you will only lose.