Is it the end of Bitcoin?
What a scary red weekend, huh?
Who has not been surprised by this fall that bitcoin has had?
Many already expected it, for others it is a great surprise, many invested money and are almost crying when they see all their investments with great losses.
Here I will talk about some things that can see the situation in a slightly more objective and long-term way.
I hope you can get some help in this article:
The fall can be for long:
That's what many professional traders say, but if we go to the technical analysis of previous charts we understand why they say it.
These types of falls usually happen in crypto markets, especially Bitcoin, and they are mostly of such magnitude thanks to the fear that exists in people, in the situation of the countries, in the new economic change, the inflammation of many countries, the war.
There are people who have experienced many falls throughout the Bitcoin journey and at this moment they are completely calm because they know that they are very common market cures.
Remember that the digital asset markets are much more volatile than any other market, so seeing this type of volatility should be the new way of looking at situations.
Don't make desperate decisions:
If by chance of life, you have been investing for a long time, or you did it recently, or you have money in some cryptocurrency, DO NOT MAKE HASTIC DECISIONS!
If you decided to get into the crypto market, it is because you trust it, so you should have studied that this type of thing usually happens and have taken all the precautions such as not investing more than you were not willing to lose.
Your fractions of money are there, they are only worth less, getting out of the market now in the midst of a crisis will cause you losses, arm yourself with value, and grow in this fall is a great opportunity to understand the markets.
Don't be like the 90% that acts from emotions, put them in a suitcase and hold on until you can't, but don't make decisions out of fear that all this will serve as an experience.
Relax your emotions:
If you realize that when bitcoin and the market are at all-time highs, they are your happiest days and when bitcoin and the market are in total red and presenting supreme falls it is your worst day, it means that your emotions are on the surface and you you are getting carried away by them in this investment field, which is a very serious mistake that can cost you dearly.
Visualize what your mistakes are and why emotions immobilize you and what you can do to control them.
If you see that you still cannot function well and in balance with your emotions when this kind of thing happens, it is better that you move away from the digital market and dedicate yourself to something else, it is not good to expose your mental health so much.
Everything that goes up has to go down:
Just as we have reached historic highs and likewise we are going down, so it happens with falls, there comes a time when after so many falls we go down.
Be patient, it is not good for you to despair, if you have money in losses it is better to give it up or wait for it to reach a similar investment price, the same or more to get out, but seriously making a decision right now is a bullet against yourself.
Everything good makes you wait, many tend to give up in the murky waters and cannot see the calm waters because of despair, don't be like that.
You have to know that every process takes time, there is no way to get rich immediately, everything takes effort and perseverance, hold on to what you want and keep going until you can't and you've tried everything.
Save in stablecoins or in banks:
I don't think it's a good time to invest right now, since nobody knows how much Bitcoin will continue to fall, which can cause you more losses if you do it now.
Expect healthy trends, with pullbacks, slowdowns and healthier markets, although investing in declines is good, but wisely, because you will continue to add to your losses.
That is why it is good to have your money diversified and not all in cryptocurrencies, have money in stablecoins, in local currencies, in banks, in cash, physical investments among others.
The best strategy for investing is to diversify and never have all your eggs in one basket.
Final tip for the BCH community:
We are the ones who make the cryptocurrency and the one who keep it safe.
Do not sell out of desperation, hold your coins as long as you can, 1BCH will always be 1BCH, what changes is the value of the coin.
Just because it's worth less right now, doesn't mean it won't go up at any time.
Let's continue to keep this community strong and concise, because we are the ones who give strength to the currency, let's continue to be united for its well-being.
The thing we need to remember is that the highway is not always straight, sometimes it goes up and sometimes it goes down, as well as the price of bitcoin, sometimes it goes up and down. everything will be beautiful in time, don't give up easily, if you are tired, don't stop. Keep spirit