People need to understand that the dollar value doesn't matter that much. If you own 1 bitcoin and it is down by 20% today, it doesn't mean you now own 0.8.
It's still 1 bitcoin. ;)
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If you were to sell, you would get a value less than the expected equivalent of 1btc.
So in essence it is still 1btc with a lesser value in terms of liquidity
I agree but personally, I am not going to sell it when the market is red. Because the only money I keep in crypto is the money I don't need urgently.
And if I am in dire need of money then I won't look at its dollar value at all. Shouldn't matter much.
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Yeah, I think that's wise using only the money we don't need urgently
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#1 rule of investing especially when it's crypto. Things go sideways in no time.
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