BTC COULD NOT HOLD ON $63,000. WHAT CAN BE DONE IN A POSSIBLE DECLINE?
#btc , which has been holding on to the 63,000 band since yesterday, has now fallen to the 61,900 band. As I have stated for a few days, there has been a volatile trend for #btc for months. One fall, two rises or the opposite. The market really tests the patience of small investors.
What to do in these difficult psychological conditions? If you are a spot trader, you have two options. Either you will use stop loss and go into cash and give up the asset you have, or you will play dead and protect the asset you have until the day the rise comes. I personally support the latter. Because the last bear market we experienced had a steeper fall and then a deeper fall after the fall. While I was thinking that the declines would continue, I used stop loss many times and exited the asset and when the asset suddenly rose, I lost what I had. Then I bought again and it fell again and I lost money by exiting the stock with a stop loss. In fact, what I experienced was nothing more than recurring panic.
In crypto or other stock exchange systems, falls and rises are like the sea hitting the shore. There is constant movement. The shores are filled with water and suddenly retreat. You experience a continuous movement in waves.
Finally, it is most logical to head towards the direction your intuition warns you to go. Because the experience you gain in the end is a lesson.
What is written is not investment advice. #link is a harbinger of good days. #eth and #bnb are also good.
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