The entire Crypto market crashed today , yes we can actually use that term as all the Crypto currencies saw a huge downfall. Bitcoin came as low as $42000 and that is more than $10000 in less then 12 hours.
Panic is something that might have made people selling their bitcoin and other Crypto Currencies at very low price. Just see the market and it is recovering slowly.
Bitcoin is up and currently trading at $47000+ , and so is the case with rest of the other crypto currencies. They are all recovering and we don't know where will this stop now.
So what is your strategy now ? Are you buying ? Are you selling ? or are you just holding on to your crypto's ? For me i have bought some bitcoin and other crypto's as i think it is a good time to buy your favourite cryptocurrency.
If you are planning to buy at this point make sure to devide your entire fund in portions and then buy using one portion of your fund at a time.
I am not asking or giving any advice to anyone so take your decision yourself. I have just shared that i think about the current situation. Also what are your thoughts about the people talking about similarities of 2k17 chart and 2k21 chart.
Do you still believe that we will gonna see something like 2k17 this month ? Do tell me in comments below.
Anyways , Don't panic and decide what you want to do calmly. I will catch you all in my next blog.
Thank you