What are your current thoughts about starting a new trade?
What are your current thoughts about starting a new trade?
Traders should constantly stay optimistic, despite the crypto market’s extreme volatility. Many of us advise that we should not enter any fresh trades in light of the present market condition, but I disagree. I believe this is the best moment to invest in any solid assets. The distinction between blue whales and regular investors is that when the market is dumped, we don’t enter fresh trades until blue whales purchase, and when we deserve to buy, it’s when they sold. I’m curious as to your thoughts on the matter.
For me, I am not entering trading lately. I just sold my Bitcoin for USDT and holding it for another opportunity to buy in dip. Although we don’t know where is dip, waiting for the point where I sold it. Regarding altcoin trading, I think it’s quite risky now. The market is quite volatile, there is a chance to drop altcoin at any time if in case Bitcoin starts to downtrend. And as we can see Bitcoin already moving down slowly. So better observe the market for few days. It’s just my thoughts, not a suggestion at all. Take your own decision for trading since it’s a financial decision.