As a cryptocurrency investor, the current market downturn is nothing unusual to me. I haven't felt any stress or anxiety because we've been through much worse and we're still here. We've faced major crises that led to panic selling, which is what I see happening now. News doesn't play any role in price drops; it’s just a reaction to prices or an excuse used by market makers to justify the drop.
I'm completely at ease and still in the market. I'm happy because this downturn will be a step back to take two steps forward. I urge everyone not to be influenced by fear and sell at a loss. I, too, have substantial losses, but they're just minor scratches compared to what we experienced during the COVID-19 crisis and other events.
If you're not mentally and psychologically prepared to see your investment portfolio drop by 50% in a matter of hours, then this market isn't for you. It might be better to look for another field because most investors or beginners might end up selling instead of buying. Investing in cryptocurrencies is known for sharp and quick declines, and I'm used to that. I'm now buying up the discounts.
As the saying goes, big profits come from buying during downturns. The idea is to stay calm and not make decisions under the influence of emotions, whether negative or positive. I'm still in the market, still buying and adding to my positions, and I’m happy and at ease.
I'm a big fan of discounts. In a few days, the market will likely rise again, and you might regret making random decisions. The market rules.
As I know the market can drop sharply at any moment or do the opposite, I never trade futures contracts. I'm always in the spot market, and I'm at ease. My losses are temporary and will soon turn into substantial profits. It's all about patience and understanding the market. Everything will be fine. Prices will never move in just one direction, either up or down; there will always be corrections and fluctuations. That's why I always advise against futures trading. Over a billion dollars were liquidated
