Panic selling in the market is the buying opportunity for strong hands
For the past few days, the price of most of the cryptocurrencies have been falling down. People are spreading news as well as rumours. People don't even judge if the news they are spreading is going to affect them or not and just keep spreading false messages. The funny thing is when people listen to such rumors and do a panic selling.
I have been observing some of the discord groups from where most the buy calls and sell calls get triggered. I did not believe this but there are definitely some telegram and discord groups that is responsible for manipulating the market of certain cryptocurrencies. I wish there was a group for creating a FOMO for Hive and push the price of Hive to more than 5$. Yeah, it is just a dream but no harm is wishing such things. Maybe someday it can really happen, who knows.
China bans cryptocurrency
This is the usual thing that we hear whenever crypto goes down. But this time I saw people saying a different things. It was still funny to hear that. Looks like people in China are selling their crypto holdings to invest in real estate business. This is really funny. Maybe the news is true and people are really cashing out Crypto but I don't know how it will create a big impact and make the price go down.
Even if China bans cryptocurrency, I guess the crypto world is not purely dependent on China. There will be a considerable impact if some of the big mining grids in China goes down but I don't think it should make any difference for the whole crypto markets to crash unless people have weak hands.
Usually new investors when they hear about this they quickly sell their assets and walk away. They don't really wish to invest again because their loss would have been huge. This happened to one of my friends who bought some BTC and sold it when the price started going down. He had no idea about BTC and that was one of the reason why he decided to save at least 50% of his investment. That's when I understood that China banning crypto is a joke.
Long term investors know it is a buying opportunity
I was also worried a little bit during my early crypto days when seeing the price go down. But later I realized that ups and downs are common for any market and that keeps the market healthy but even though crypto is a high risk investment, staying long term here makes us understand when it is a good opportunity to enter and when it is the right opportunity to exit.
People who have been trading BTC for like 10 years know that these small market fluctuations cannot bring the crypto market down. There is a big population running the crypto markets and some small panic selling cannot be responsible for a full crash of the market. Already there are lots of people waiting in the crypto world to invest further when the market goes down.
I'm ready with some USDT holding to invest on something when the market goes down. I don't think this crash is a good opportunity so I'm going to wait a little more to see the price go down further and then enter the market. 25k BTC is a good price and when I saw that last time, I missed the train. I hope next time when something like that happens, I invest on the right coin to reap some good profits.
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