The crypto market is going through a manipulation that will make people lose their money. When i say that i am referring towards the new entrants or those who don't yet understand the word manipulation in crypto market. We have seen btc coming from 26k to 38k in last few weeks.
While people might be thinking of whether to sell or buy in this situation here are few things that are safe and that will give you benefit in long run.
Hold - Hold your crypto and ignore the market until the next bull run. Do this specially if you have zero knowledge of the market.
Sell in portions - If you decide to sell then make sure to do it in portions as that will help you avoid losses.
Buy in portions - This is the situation where market can come down and mark my words, it will be coming down in few days of time. So buy in portions.
These three are simple yet difficult to follow as when the market comes up people find themself in the situation of greed and the greed is what makes them face the losses in masses.
I sold some part of my portfolio during this time and i will do it upto a certain level so as to not find myself into the situation of regret. This is not the opportunity for all of us and only for those who are there to monitor the market continuously.
Don't forget, a holder is never disappointed provided he is holding a good project coin so if you are a holder stay calm and simply ignore this market situation and chill with a cup of tea.
Thank You
my friend, every market is manipulated, not only the crypto market, that´s some thing quiet normal in the world of trading, if its comodities like silver or gold or orange juice or even stocks, options and futures.
Big money from the institutionel Investors, banks and states is looking for gains in every second of the day so its normal when there are shifts from dollar to BTC or from Gold to dollar. the amount of money what is circulating around the globe is so huge that you can manipulate everything you want to if your one of the guys who own or manage that money.
So you just have to look for strong ups and strong downs in the price of what you are willing to invest in and then buy if the price has a spike down or on the other hand side sell when there is a huge spike up, you may not reach the top or the lowest point but your gains will be better than 80% of the market participants ;)
And by the way maybe its good to concentrate just on one coin, the original if it should be crypto, why chose cheap copies for your hard earned money, you don´t look alone for some gains but also for a usefull coin for saving your purchasing power what declines every day or hour in your fiat currency.
So it needs a wise and smart decission and after that you will have a lot more fun in the coming years than all the others who stayed outside and belive in the mantras of their governments ;)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
amazing comment @don-t
as you pointed out - every market is manipulated. And crypto market with its lack of regulations (and small size of entire market) is probably one of the most manipulated markets out there
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hi there @kamranrkploy
Call me stuipid but I'm very optimistic and I would expect current upward movement to continue a bit longer.
Some people are still expecting another heavy drop but ....
I think that to find BTC holders who would hold through such a long bear market just to sell now ... that sounds a bit unlikely to me. Of course I may be wrong. But I would be surprissed to see any sort of heavy drop in price of BTC. Especially since anticipated and awaited bitcoin halving is just few months away.
Buying right now definetly comes with huge risks. If people didn't get some of BTC when sentiment was more negative then right now may not be the best time.
At the same time I always recommend to take some profits whenever we can. Its a good habbit to develop and it allows us to practice our "exiting" strategies.
ps.
I haven't been reading and commenting on Steemit for quite a while already. Quite a lot of shit has been happening lately in my life and I could not commit into being present on the platform. But now my life finally seem to be getting back to normal so I decided to be back and see who is still present here.
And I'm glad to see that you're still around buddy.
Enjoy your weekend,
Cheers, Piotr
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit