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Is it right or wrong to sell bitcoins in the present time?
Hello friends,
Greeting from me,
Now a days bitcoin reduced not only bitcoin but the price of Ethereum,USD Coin and Dogecoin like all cryptocurrency is reduced now so don't worry about it. Not only you one investing in crypto but many businessman has been involved in this ground. Now a days due to many reason responsible for there prices. Before 2 years in India we know the think about crypto was illegal so the prices of the digital currency was reduced and you know the reduced price of the bitcoin is in INR- 32,34,543.00 but then it's crossed above 52 lacks. Last one months it's reducing and new coins like Gala increasing. before last two weeks Gala coins was approximately INR-32.00 only and current price is above 42.34 rupees So this is right time for investment.
Right now due to the arrival of a new variant of Corona, the fear of being locked down again is increasing among the people. As you would know, China is the largest country in terms of expansion and from that it supplies electronics items all over the world. As the monger told that China has done a great job by shutting down bitcoin and I support it. So in this way it has become a controversial statement and due to this people have increased selling their bitcoins and reduced their investment in crypto currency.
First of all, take this seriously if you want to earn from crypto, then you have to be careful in it. Apart from online, you also have to keep an eye on the market. Not only the people running the computer but also the people sitting in the market are equally responsible for this as it is.
To earn digital currency you have to start with zero. It is not necessary that you consider it as gambling by selling everything or investing half your income. No, this is gambling, not this business. The way he understands it, it is like that. Today the crypto market is down, it does not mean that you buy bitcoin by selling everything.
You know that crypto currency is a digital currency which is powered by block chain technology, so it cannot be tampered with or stolen from it. It is neither operated by any politics nor is it operated by any company. So for this it has to be done through the mind. Like I told you, not only your money is invested in this, it has been invested by many politicians and many actors and many businessmen, and people like this see what mistake you make. If someone comes and says that bitcoin will not be accepted, and you will sell your held coins after getting confused by this, so you have to avoid this thinking. To divert attention from rumors and pay attention to actual think.
Now you tell whether selling bitcoin in this down market is the right use of the brain or is it like hitting one's own feet.
Hi @luckyali
China obviously has a strong impact on the price of cryptos, the news it creates makes prices go down, but, if the decentralization is real, we can always see a rise in prices once the effect of the news is over.
We have to take all this very seriously, spend time studying to minimize risks.
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yes that's true but panic sellers also play big role here to destroy the market stabilization. Whales are the real players here who turn all market to centrlize because they may be own 20% t to 40% funds in the market so they can manipulate the market.
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Greetings @ luckyali
To be able to sell or buy bitcoin at this time will depend on the strategy you want to take to generate more token or capitalize your resources , no doubt that the news generated make the market lose its normal rhythm and therefore you must be very careful not to affect your movements .
Thank you very much for sharing your publication.
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Real traders alwyas stay updated and make their moves early and they should be otherwise they will not be a good trader and it will be very diffcult to get good profit from the trades. But if you are hodler then you don't have to take tension in these all things ....
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Greetings @ luckyali
To be able to sell or buy bitcoin at this time will depend on the strategy you want to take to generate more token or capitalize your resources , no doubt that the news generated make the market lose its normal rhythm and therefore you must be very careful not to affect your movements .
Thank you very much for sharing your publication.
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@tipu curate 2
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Upvoted 👌 (Mana: 1/5) Get profit votes with @tipU :)
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Hello @luckyali,
both selling and investing in cryptos will always involve a great risk, it is important to take into account the environment such as the news that may affect the cryptoactive market, as well as the actions that some countries such as China are taking so that prices are affected by very direct way. This is really not child's play, we must pay close attention to our investments.
Thanks for this post friend.
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Not only china but there is india too and it has same mood like china. I am worried about indian crypto community. Last time it affected a lot to USDT price in indian exchnages as well as bitcoin too. But one thing is sure that bitcoin is not indian currency but it is global currency.
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https://steemit.com/deutsch/@huntingday/der-beginn-des-untergangs-von-bitcoin
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