I have clarified a doubt and I have written it as quickly as possible, without taking the time to correct or add commas. I have explained what I had to explain. In contrast, you are here
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How can you write so poorly and afford to give investment advice?
I see a lot of desperate people because the market has dropped and they are super nervous with panic about whether to sell their cryptocurrencies. I will make an explanation step by step.
1) When you have been in cryptocurrencies for a while, this really doesn't scare you because the market is volatile; it goes up and down. To begin with, the market is not always going to be rising and making profits.
2) Behind the market, you are not alone; there are large whale investors who instill fear in you when you have just started in the market. They use these strategies of selling when they make profits and they do this to trigger stop-loss orders, thus pushing you out of the market.
3) You have to keep in mind that the market is in the red, not just the cryptocurrencies you have bought. It's something normal to experience losses; you have to take it calmly. I know it's very stressful, but you shouldn't let emotions take over.
4) Bitcoin touched $107,000 BTC, and when Bitcoin hits a historical price, there is liquidity, which leads to a drop. If Bitcoin drops, all cryptocurrencies drop as well. It's also worth mentioning that there was a conference where it was stated that the USA had no Bitcoin reserves, which harmed the coin and is why it dropped so much. What I want to convey is that these are strategies to instill fear so that you sell, and this benefits them so that the public does not hold cryptocurrencies, only they do. With this, I want to clarify that you should remain calm, and it's a good time to enter the market and buy during this drop.