Don't Panic! ๐๐
It's perfectly normal to see corrections of 30-40% during a bull run. ๐ The full effect of the Bitcoin halving often becomes evident a few months after the event, and that's when prices usually surge. Patience is key here. Under no circumstances should you sell your coins at a loss โ that would be extremely unwise and naive. ๐ฌ
I understand it's painful to watch your money melt away, but now is the time to turn off your emotions. The fear of losing everything is understandable, but the real loser is the one who sells now. ๐ค
Keeping an Eye on the Bitcoin Price ๐ช๐
Let's look at the current Bitcoin price:
As you can see in the chart, Bitcoin has dropped by -27.5% from its last all-time high. This is completely normal. (circled in red.)
Now, let's examine the Bitcoin price from 2016 to 2018:
During the Bitcoin rally from 2016 to 2018, there were exactly 7 major crashes ranging from 27% to 41%. This shows that such market movements are entirely typical. ๐๐
Impact on Other Coins ๐ชโ๏ธ
Of course, a Bitcoin crash significantly affects other coins. For example, Floki has lost a lot of value compared to Bitcoin. But don't worry, Floki gains immense value compared to Bitcoin every time the market goes up again. ๐ถ๐
So, stay calm and don't sell at a loss. Be strong and patient. ๐ช๐ฐ๏ธ The market will recover. Panic only leads to poor decisions.
Hang in there and trust in the long-term strength of the market. ๐๐