BIG DECLINE IN BITCOINđš THINGS YOU SHOULD NOT DO TO AVOID LOSEING!
April 2 started with a big drop for $BTC and other cryptocurrencies. Bitcoin price dropped from approximately 70 thousand dollars to 66 thousand dollars. In addition, large declines were observed in many altcoins. In particular, $ETH experienced a large decline, close to 5%. There is also a decrease of more than 4% in the price of $BNB , which is important since there will be a launchpool today.
No matter how positive the mood is in the market and how many institutional investors invest in Bitcoin, the volatile nature of the crypto still remains. For this reason, my biggest recommendation, especially for users who engage in futures transactions, is not to use high leverage. In addition, many investors seeking short-term profits will be greatly affected by such declines. For this reason, I recommend medium-long term investments more.
The biggest advantage of medium-long term investments is not feeling psychologically uncomfortable during declines. The investor, who already has a longer-term plan, can consider these declines as opportunities and make additions, instead of being affected by short-term declines, thus being happy instead of being saddened by the declines thanks to the cryptocurrencies he bought cheaply.
In such cases, an experienced investor who is already accustomed to the cryptocurrency market will not panic much. These are the pictures we are used to, but we have seen many times more recently. Turning such crises into opportunities and adding to them gradually is the most logical move in these situations.
