Everyone has noticed the drop in currency prices in the past two days, and there are several reasons for this. But before we talk about the reasons, let's talk about your options if we consider what is happening a loss.
My personal experience:
As a trader, I deal in the **instant purchase** system, and I consider it the most suitable option. For example:
I bought $BIO coin, and today I have a loss of $40, but does this really mean it is a loss?
- Important point: When I bought an amount of Bio, I became the owner of an asset. So, I don't care if its price temporarily drops or rises.
- I have only two choices: either sell at a profit or loss, or hold and wait.
Spot Trading: More Investment Than Speculation
- When buying a currency, think long term. You may need to wait 10 days or more for its price to rise.
- There are investors who wait a whole year to make a profit, so do not worry in the first hours after buying.
- Learn patience, because every currency has its own time to recover and rise.
Reasons for market decline:
1. Global events:
Epidemics, for example, negatively affect the currency market due to the withdrawal of large investors.
2. Political position changes:
- Changes in leaders in some countries directly affect currencies, as these countries control the laws of currencies and platforms.
3. Currency Projects and Liquidity:
The success or failure of currency-related projects affects their prices.
4. Indicator readings:
- Many rely on indicators for analysis, which can increase market volatility.
5. **Trading whales:
- Large investors (whales) control the market by buying large quantities or selling suddenly.
