What is the reason why the market is having a strong correction right now?
+ Mr. Trump's odds of winning the election are decreasing, he supports crypto and investors are worried that if he loses, will the winner support crypto or not.
+ Warren Buffett sold 50% of Apple shares and is currently stockpiling a record amount of cash. He is known for his wise views on investment and financial management. When he sold, other investors also sold, thinking that he had predicted an upcoming recession.
+ Fears of a global recession when the unemployment rate increases higher than expected. Investors sold out of fear of a recession, they sold risky assets such as altcoins, followed by ETH and BTC.
+ Japanese stocks dropped sharply, considered the worst day in history, worse than Black Monday 1987. Japan is also one of the top countries in the world for crypto. In panic, they sold stocks and even crypto.
+ Tensions continue to escalate, the Middle East is on the brink of war.
+ Market Maker has moves to sell goods such as Jump Trading and Wintermute. They currently hold the majority of Stablecoins.
What should be done now?
+ Continuously update market information, mentally prepare for everything that happens next.
+ Set long-term goals instead of short-term. History has proven that if you hold long enough, you will not lose money.
+ Invest with the amount of money you are willing to lose and you will still live well, always set a Stoploss if entering a Futures order.
+ Think carefully, avoid making impulsive decisions, stick to your investment strategy and be patient.
