The bear is back.

If you haven't checked the price of Bitcoin Cash, the price is dumping hard, and the price has gone below $250, which means that price can dump even more. Still, no one knows for sure except the person selling large amounts of Bitcoin Cash at such low prices, and this is an excellent time to get in if you had some fiat on the sidelines, not financial advice. This article is not financial advice, just my opinions.

If $30k can't hold on to BTC, that will mean that the target will be around $21k. If that fails well, the price will be effective in a bear trend, in my opinion, but not everything is lost for the bull trend to continue if prices don't fall below current prices. That is the TA made in 30 seconds, and it is not TA to make that sure, just my observation of the market.

Maybe this dump is because China once again bans Bitcoin for the thousand and one times again and again, yes, as far as I know, you can hold cryptocurrencies in China, but you can't trade them. The other reason I hear in the news is that investors fear deflation, and as such, they are selling their riskiest investments for investments that they see as more stable.

Nothing makes more sense than holding United States Dollars when you have fears of deflation and even hyperinflation in some countries. I guess it is not fiat that will inflate until it becomes worthless but other assets like commodities. I think gold is what will hyperinflate, not the dollar. Bitcoin and many other investments with a fixed circulating supply are not after good hedges against inflation.

The Dollar, which the Federal Reserve printed a lot of last years, is what you need in a hyperinflation scenario, or maybe Elon Musk's tweets. Now, what the f@ck did he tweet? The truth is no one knows the real reason why the market is selling today, but maybe in a few hours, we will have a picture of the reason why.

If it is not inflation or hyperinflation, it will be deflation, another authoritarian government we don't yet know, like I don't know El Salvador, maybe, perhaps.

But one thing is sure, and your satoshis didn't go down in value. It was its value in fiat currency, and I guess now will be an excellent time to buy if you were thinking of getting some cheap Bitcoin Cash. Well, I hope you can get some cheap satoshis in the next few hours, and remember, it could buy the dip or catch a falling knife—Bitcoin Cash to the moon.

And this is the reason why you must only hold that which you can afford to lose, and it is not about how much Bitcoin Cash you have. It is about how much Bitcoin BCH you can afford to keep. Many people will sell in this dump and probably will be waiting to buy cheaper the reality is that if you were to sell, your opportunity would be at $400. Selling right now could mean that the price goes up again, and you are left only with dollars, and you will have to buy back again at a higher price which will, in turn, mean that you will get fewer satoshis for the same money.

You could sell right now from $200 to $150, but if prices don't drop, you will be holding more dollars but fewer satoshis, but that will be a decision for you to make. When we hit $1m BCH, I hope you didn't sell your Bitcoin BCH short or before that time.

Take this article as a rant because I don't plan to sell my cryptos even if prices fall more, but that is because it's my resolution when it comes to holding cryptocurrencies. And that's what keeping long term means you must possess when the market is up and when it comes down. I will stop here, see you again tomorrow, and I hope you more satoshis for your fiat value.

The essence of my article is that it is about buying low and selling high and not the other way around. And if the market dumps, we buy more, and more as it dumps, not sell at a low price is the goal, wouldn't you agree?