I am FEARFUL!!! Is the crypto market in a bear market? Should I sell???
I have to read or listen to this statement all the time. It simply annoys me. Everyone has to think it through for himself/herself whether he/she buys "cheap" now. Who generally wants to buy an asset, he/she has informed himself/herself about it steadily and thoroughly and trusts in his/her decision. For what reason do you want to sell now? Do you no longer trust your research. Are you insecure about having done something wrong? You should know. When bitcoin was at $60,000, you/were extremely euphoric about the market. You were eager to buy as many predicted Bitcoin would rise to $100,000. And what are you doing now? You are scared and don't believe it anymore. As mentioned before, do what you think is right. Bitcoin will surely reach 100,000$ or 1,000,000$, but not within a few days but over months and years. Don't always trust all the people who prophesy a lot. Do not trust me either. TRUST YOU or TRUST YOUR DECISIONS. in the middle of May the bitcoin price was at $60,000 and dropped to $30,000 within 13 days. There was also a fear in the market, but these price dips are "normal" in the crypto market. I always use these dips to re-buy. Why should I buy at the highest price when I can buy at low prices? Who does not understand the principle of trading: Buy high, sell low😂, the/they should not trade. I buy low and sell high and do it obligingly.
One thing I can promise you then. You just don't see green and it doesn't really bother you if the price has plummeted by 50%.
One thing I have to get rid of: The crypto market and analysts exaggerate. Don't let yourselves get rattled. The whales are planning to push me, you and all of us out of the market, so I, you and all of us will not benefit from the coming pump .
For now though, good luck investing. Stay strong.
$BTC (+0.6%)
$XRP (+1.99%)
$MIOTA (+4.8%)
$SOL (-0.71%)
$ETH (+2.19%)