These are all concerns for anyone who has entered and is in the cryptocurrency business. But, for those who are prepared to take risks, this is normal.
I do not want to discuss the causes of the decline in the price of bitcoin, let alone really do not want to discuss the factors causing it in detail. It has been in free fall and continues to happen, perhaps. Talking about the cause of the occurrence, it's not interesting at the moment.
What is more important and interesting is what is your reaction
It is about whether you will stay put while waiting for the price to improve or you will get carried away in panic selling mode or even you will withdraw from the business, get out of cryptocurrencies.
Of course, in determining your reaction, you will analyze all aspects, because every aspect has a strong positive and negative correlation.
Prediction
By observing the recent conditions. ....The free fall in the price of this crypto asset will last a long time and it will add to the worries of those of you who already own the asset. Of course we don't expect this to be a fear of a world economic recession.
What is your (choice) action?
Best Regards
(Zed Amna)
Like sir, the whole thing is soo shocking. While some say they saw it some time ago, some say it just hit them. I was taking to a friend of mine some minutes ago, we were discussing on the Crypto market and this whole jaw dropping, eye wetting down price of crypto, he even said that he sees bitcoin crashing much lower than it is now because now that many crypto holders have gotten the profit and token that they lost in previous years like 2017 this year, they all want to sell and of everybody in the market wants to sell then what now happens to the market? .... You can complete the sentence.
All we can do is just to stay put and keep hoping that it'll turn out for the best sooner or later. Thanks for sharing sir.
You're welcome Mrs @shapphirekay
You are absolutely right, it happened in the blink of an eye. But, anything can happen, right?
We are all very ready when it comes to profiting from rising prices. But, why don't we be prepared for a price drop?
That's a very natural thing in this business. But to be a comparison material so that our perspective becomes different in seeing the advantages and disadvantages.
I invite you to read the epic delivered by Mr. @tarazkp 3 days ago. He reviewed it very well. Are you ready for that? Here I share the link; https://ecency.com/hive-167922/@tarazkp/a-fool-to-lose
Sure I am. I will look into the article. Thank you so much.