Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
It is unlikely that someone will answer your question 100%. The fact is that the crypto market is very unpredictable in the short term and it is hardly possible to say what exactly to do in this situation. As for waiting 1 - 2 years, here I can say this. You just need to watch the market and wait for the moment of the lowest price. Yes, it's hard to do, but there is no other way, unless of course you would like to buy altcoins at the lowest price. However, if we assume that in the future the market is again waiting for a flight to the moon, then with each drop in prices for altcoins, you can start buying a little. As a result, such a strategy can give its positive result. |
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I came across a trader today who mentioned that he hasn't stopped trading even in this period where almost everyone, trader and hodler is trying playing it safe. In our little conversation, one of the statement he used that has stuck to memory and has kept me wondering if I was making the right decision this period playing it safe and not trading was "Real traders don't care about bear or bull market, during times like this is when real traders survive", he also highlighted that a good day trading strategy can still make you profit this season.
-Do you consider this trader correct?
-Is anyone here still trading actively? if yes, what has your strategy been?
I believe that this trader is right that he continues to trade even in such a situation as now. Probably this is his only source of income, which means he needs to trade and earn. There is also another point, the fact is that now the prices for cryptocurrencies are very volatile, which is a great opportunity for an experienced trader to trade and earn income. On the other hand, if this trader is trading, he sees opportunities, and those who have stopped trading are probably just not confident in their abilities. In any case, everyone must decide for himself what to do, whether to trade cryptocurrency or not. |
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1. Be patient, don't panic.
2. Buy and hold.
The first attitude is very suitable to be applied and very many traders experience tremendous panic when they see the market price drop, especially Bitcoin is now at $18k.
It's becoming increasingly apparent that other coins are very influential on Bitcoin. So, the opportunity to buy to increase the volume of Bitcoin can be done again for long-term investments. The current market situation in my opinion is a very tough test to be applied by those who are impatient.
Do not panic. Everything will get better.
It’s really bad to see your asset steadily losing value, but as you correctly noted, this will pass and everything will get better. To do this, if you certainly believe in BTC and the fact that its price will grow and show a new ATH, you need to hold BTC, if possible, buy more and wait for the price to rise. Of course, this is very difficult to do, and therefore many traders and holders, especially those without experience, are very nervous and worried. So in this situation, either you are waiting for the price of BTC to rise or you are selling it. |
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So much have been in the fore play in Bitcoin and to that a lot of issues have forced Bitcoin to behave in the current behavior, from sec calling Bitcoin an anti-environment and eco friendly even though we know all this are campaign of fallacy championed by anti Bitcoin crusader.
It so happened that BTC is periodically scolded to knock it out of weak hands, and it can be said that they are good at it. Of course, you can say anything about BTC, but sooner or later the situation will change and I will again praise him and set him as an example. It has happened in the past, it is happening now, and it will probably continue in the future. The fact that now the price of BTC has gone down is, without a doubt, another attempt to lure coins from their holders. I think that those who have been on the crypto market for a long time understand that there have already been similar situations, and here you need to decide whether you keep BTC to the goal that you set yourself, or just sell it and leave the market. And to sit and live every hour, day or month is not a very good way out. |
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With all the recent FUD being created against ETH. I am in conclusion that ETH will not dissolve down to zero value ever.
As it has been around for some time and has survived many times over when other crypto projects have come and gone.
Sure with the forking coming up, there will be some change. However ETH will always have a value/ just right now the price is down, but it only means good time to buy in and get more.
What are your thoughts on this?
Do you think ETH Will be around for a long time? or do you think it will go down to zero ?
Tell me your thoughts and why?
I have been familiar with ETH since mid 2017 and have seen a lot of FUDs on it as well, but since then ETH has risen in value and has been able to perform well. As far as what's going on in the crypto market right now, it's just that it's time to kick many people out of the market in order to take their assets at a lower price, that's how it used to be, that's how it is now. I am sure that the price of ETH will hold and will not reach zero, all this is confirmed by the fact that ETH is not just a cryptocurrency, but an entire ecosystem with different activities, which is a serious support for ETH even in such a difficult time. |
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This past week has been all about LUNA's downfall in price and how UST lost its peg at a very fast pace. Many investors lost their money as the cryptocurrency went from being worth around $80 to just $0 in a few days. There's a lot of FUD surrounding crypto right now, especially with Terraform Labs' inability to restore the peg. If LUNA doesn't recover, this could lead the whole crypto market towards another direction. As promising as crypto/Blockchain tech is, things like this greatly damages its reputation. Do you think LUNA's downfall will scare away investors from the crypto market? If not, why? Is there light at the end of the tunnel for the whole crypto/Blockchain industry? Your input will be greatly appreciated. Thanks.  It so happened that in the history of the development of the crypto industry there are a lot of such stories as with Luna and UST, it’s just that all this is forgotten over time, especially when BTC and other cryptocurrencies grow in price and show new heights. As for my opinion on the situation with Luna and UST and will this situation scare off investors? Here I see it like this, part of the investors will conditionally leave the market, but this happens periodically, but as soon as the bulls enter the market again and the flight to the moon appears, the crypto market will again acquire a new one, maybe even more investors. It has been so in the past and it will probably be so in the future. |
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Cryptocurrency is currently collapsing. And the total crypto market cap is now less than $1 trillion.
The market is red, and every cryptocurrency is crashing. Is it better to wait for a further drop in Bitcoin and Ethereum, or would DCA be better?
What will happen next?
How long do you think the market will take to recover?
Personally, I try to adhere to the theory that there are development cycles in the crypto market and each such cycle is equal to four years. For example, in the winter of 2017, the next cycle ended and then there was a peak in the growth of BTC prices, and after that everything went down. The last cycle was from early 2018 to early 2022. It's just like four years. Now another cycle has begun and we see how the prices of cryptocurrencies have gone down. There is a possibility that this current cycle can be compared with the 2017 cycle. Then it turns out that the next peak in prices for cryptocurrencies will be at the end of 2025 and beginning of 2026. During each cycle, the price of cryptocurrencies will definitely find its bottom, and it can also go down, then fall again. So we can say that everything is periodically repeated in the crypto market, which once again confirms the existence of the theory of the cyclical nature of the crypto market. |
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As for your questions, it would be good for me personally if the cryptocurrency would be partly regulated, and partly unregulated. This would allow you to compare both of these directions and, if possible, choose the best option for yourself. But if we talk about full regulation, then there are both pluses and minuses. Of the pluses, there will be less fraud from the minuses, that a number of restrictions on the use of cryptocurrencies will be introduced. So it's hard to say which is better, since both of these directions have both pros and cons. As for the investment of the pension fund in cryptocurrencies. Well, why not? If it will bring income, then this is the right decision. But it is best to invest in different assets, then it is more likely to both receive income and not lose all investments.
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