In Bearish Phase, Is This a Good Move to safe Capital?

[Buntel168]

Now, we see bitcoin price finally back to $6,300, and it still increases. We can hope that the price can still go up and break the higher price so we will make a big profit. But bitcoin price still unpredictable until now, and we don't know if the price can be like that for this day and the next day, so we need to be careful. And if we can make a profit in this day, I think it is better to take that profit before it's too late because the price can go to any price without we can predict.
[/quote]
That's true Bitcoin price still unpredictable, after a deep decline now the price bounce back to $6300. I think the price will rice again there is no reason to sell because we can get a more profit.

[Stanlo]

It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it

[htsy585]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

Sure mate, i agree with you. The stablecoins have there marketcaps exponented really high due to the downtrend of the cryptocurrency market. The fall of price of virtually every crypto asset the past few days was massive and nobody loves seeing his investments and cash burn down when in investment and as a result, lots of people cashed out and others switch to stablecoins. With the way things are unfolding, this global crisis seems like something that will be around for quite some time and till the threat is over before we see a stable market

[pikkie]

It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it

although like that you should be able to see that the current cryptocurrency prices have experienced price increases indeed when prices collapse will make many people afraid but you must know when stuck in bitcoin then you do not need to panic because the estimated value of your assets will return when the bitcoin price returns to recover and when you exchange to usdt the time the price of bitcoin and altcoin collapsed will only make you lose.

[Bohr256]

If at a time like this is used well then I think it will be profitable, like yesterday bitcoin fell to $ 5,000 and now bullrun comes with 24 hours bitcoin growing at $ 1000 is it unprofitable?

You shouldn't be investing if you don't even know what a 'bullrun' is. Thats why people like you end up losing their shirts and keep on holding for a dream.

[Ashong Salonga]

For me, in my opinion, I would still get to stick or keep my assets into its current phase which is in cryptocurrency because if I would convert it now into stable coins like USDT, I am thinking that I will be missing a chance for my loss to be recovered due to the downfall the cryptocurrencies aee all currently experiencing most specially that is observable with the price of Bitcoin. On the bearish times like this, still being able to lengthen your patience is in need because the prices in the market will sure to recover in no time. If you will observe, the price of Bitcoin is now resisting into a higher price from its bottom price of $5,000 going up into nearly $8,000 this past few days. Taking advantage of the situation will be good to do this days in which purchasing top cryptocurrencies while they are somehow cheap in price is good so that once the price increases, you will be benefited.

[TheClownSong]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

I agree that at the beginning of the pandemic spread throughout the world, bitcoin price movements correlate with other asset price movements. But these days, bitcoin price movements show that bitcoin is better than other assets such as gold or indexes. I think this shows that large investors are getting interested in digital assets such as cryptocurrency

[aemma]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

As it stands now, it might look difficult saying when the bulls will take over the market because each day comes with more news on what the deadly virus is causing in different countries therefore leading to further uncertainty and panic and since panic has a negative effect on the market leads to more dump. It can now be seen that in order to limit the losses caused, people sell to stablecoins which is why the demand is increasing rapidly. As for me, I think it is better to save capital as it will come handy at the right time, in this case whether fiat or stablecoins as well as holding those coins we believe in.

[Leviathan.007]

I do not think it would be easy to take back to the ATH times. I'm not saying it's not going to go back there but what I think will happen soon is it will still rise but not right away. Since the halvening is going to happen soon, maybe a lot more people would have more BTC in the long run. No one could really know whether to HODL or to Buy, just remember to not regret what you have done today in the future.

This is a DISCOUNTED phase of BTC

Usually I do not recommend to enter "All in" mode
But here is this phase is the best time to invest on some stable coins such as ETH and BTC
if you believe enough you know they will rise

[lienfaye]

If you know how to analyze the market and can sense the price might drop then timing when to convert your crypto to a stable coin to make sure you wont lose your capital.

This is good for investors who cant stand seeing the price of their assets going down. Well for me I prefer to just monitor and wait since I used to see the market fluctuating hence its not new anymore if the market is moving up or down.

Dont think negatively if what's happening is not what you expected it to be instead take advantage the dip and buy more thats the best thing to do.

[wingfield_crypto]

     I think it is a good period for a safe capital if investments are made now. Most people withdrew their investments during this pandemic, in need of money. I think the worst solution at the moment is to withdraw your investments, because you will most likely lose. You should expect prices to rise again or if you have money, invest more.

[Pamadar]

It's good or more safer to change your coins to usdt, crypto is strong that's why it's still standing strong now but Coronavirus ain't stopping, in fact it's getting more stronger everyday, I'm starting to get worried about it

although like that you should be able to see that the current cryptocurrency prices have experienced price increases indeed when prices collapse will make many people afraid but you must know when stuck in bitcoin then you do not need to panic because the estimated value of your assets will return when the bitcoin price returns to recover and when you exchange to usdt the time the price of bitcoin and altcoin collapsed will only make you lose.

It's better to hold if you still have the capabilities to continue surviving.  If you will exchange your assets from crypto to usdt in situation like this, you'll be sorry seeing the jumped once the market start to rise high. The decision though  still in the hands of the investors and we do have different views in regards to this bearish situation.

[gaston castano]

when the market falls, people sell all assets so that the price falls further and prepare money to buy when the price reaches its lowest or lowest point before.so my advice is that you buy at a time like this if you have reached the lower limit according to your predictions.

[South Park]

Trading in a bearish season is like driving against the flow of traffic. The risk of a collision is high, it means the chance of experiencing a loss is quite large. In such circumstances do not be too aggressive, do not force to enter the market if you lack experience and mentality, do not just believe there will be a rebound without a strong analysis. Wait and see until things are calmer and your condition is also calmer, choose a vacation and refreshing. As we know that trading psychology plays a big role, especially if you are trapped in the market and get a loss before. If there is a small chance then short term trading becomes the best choice, take profit and be grateful, don't be greedy.

It is a pity that a lot of speculators appeared on the cryptocurrency market. I think that a large capital in a year will keep the price of Bitcoin above $ 20,000. But for the moment, I think we will see a price below 4,500 dollars.

This market has always attracted speculators due to is natural volatility and when exchanges offer you the possibility to use margin trading and use a lot more money than the one you have then it is obvious this makes the volatility even higher, it is better to not think about it and concentrate on what you control and for the moment it is a good idea to let the market tell you when it is ready for a bull market and right now that does not seem to be the case.

[SirLancelot]

Well, the amount of USDT and USDC increased in millions during this time, people wanted to get USDT like crazy because they didn't want to go out to fiat currency but they didn't want to stay in bitcoin as well so they moved to USDT. We all know that tether company and bitfinex look as shady as it comes and they have literally printed USDT to pay for the law related problems they faced when they were sued and all of that but when it comes to actually getting away from crypto market people still use them.

So, that means it was a safe move to be in stable currency, maybe when you look at the price increases you may think that you are too late but you can still get in from this price, but meanwhile it was smart to not to move to fiat and lose even more.