Can we buy at the bottom now?
Many people are actually very confused now, should we buy at the bottom?
After all, the panic index has reached 30, which is already in the extreme panic range.
Historically, whenever the panic of Bitcoin drops below 40, there will be a rebound.
My suggestion is that if you are holding for the long term, it is a good time to enter the market now.
If you are just holding for the short term, the risk of operation is quite high now. After all, in the last bear market, the panic index of Bitcoin even reached 19.
However, during the decline in the past few days, I have been adding chips to my long-term positions.
I will not enter all at once, but enter when the market falls. Small declines and small investments, large declines and large investments.
Moreover, my long-term and short-term positions are clearly divided. No matter how good the short-term position is, I will resolutely step out when it reaches the stop-profit position I set, waiting for the next wave of market.
To the maximum extent, I must ensure that my cash position is sufficient to deal with risks in any position.
Nothing in this circle is absolutely safe. We must always put on armor and protect ourselves well.
Even the largest stablecoin USDT is at risk. After all, it has never been audited. If there is any internal negative news, the explosion of this bomb is as powerful as an atomic bomb.
The currency circle will usher in the darkest moment.
So everyone should change the USDT in their hands into USDC, which is safer.
