As of this writing, the bitcoin's value is currently trading at a price of $42.9k , declining 11% since December 2021.
With this current market situation, it's already anticipated that many would panic and sell their assets out of fear in line to the market's sudden steep declination and with these much selling of assets, we can't deny that it would have an impact bitcoin's value.
Mayor Eric Adams of New York City was right, instead of going panic and sell what you're hodling, then might as well see this current situation as an advantage to buy bitcoin at a much more cheaper price and think of it as an extended year-end sale. After that, wait until the market recover in-order to reap the profits because it will surely recover and it's been already proven historically.
Exactly. That's how we should look the market positively and not that we should panic seeing all our investments are falling. Bitcoin is clearly in a bargain right now with its current price at $42,317 so if we can accumulate as much as we can, then we will be in a huge profits by the time reaches its new all time high. And for good altcoins, i can see that they are also struggling in their current prices and they will only start to recover after bitcoin has return to its normal value. So now is the perfect time to buy bitcoin and altcoins and definitely hodl them for long term.
We must have faith that the future of Bitcoin is bright, that way we will more easily face the bearish trend that is happening now. Then all of us,
the initial goal of investing in Bitcoin is to be able to make a profit, so don't panic and have to be patient holding the Bitcoins we have in
the current market situation. It's not easy to make a profit from Bitcoin, sometimes it takes a long time to wait for the price of Bitcoin to rise
and can provide the profit we want. But if we study history, Bitcoin never disappoints and can always provide profits for investors who have
the patience to hold in the long term.
Regarding altcoins, it really depends on the movement of Bitcoin, because if we pay attention to altcoins, altcoins always move to follow
the movement of Bitcoin. So as long as we are holding potential altcoins we don't need to panic to see the price go down, because altcoins
will also go up once the Bitcoin price goes up. That's why right now, I'm still optimistic about the future of my crypto investment, because
I understand how the crypto world works. Indeed, the market decline that is happening now is only temporary, and for those who can be patient,
that's finally we can get the advantage.