So we all know how the crypto market works. It ain’t a stable market that sits on one price for most of the year compared to other assets like gold or silver. We all knew what we were getting into when we start investing or trading cryptocurrency, or at least if you don’t know, then know this today “Its a life of volatility”.
In cryptocurrency, with great volatility comes great profit, well that’s if you know how to play your card and not get got up in fear or greed, either way, make sure to do proper research and findings before jumping into any conclusions regarding your stand in the market. When the price of cryptocurrency drops, people then to loose money, or do they? Well, most professional says you only lost money if you sell the dip. Meanwhile diamond hands who hold tight and even look for ways to buy the dip without emotions and apply proper risk management are the ones who tend to smile when the market start rising again.
It’s not strange for the price of Bitcoin to drop from $60k to $30k in the space of one month, neither is it strange fro Ethereum to witness a fall from $4k to $2k and thesame goes for the whole market. But the question now is “What do you do in this hour of volatility or dip” well…. if you panic sell, then you lost your initial investment and that’s if you bought at the top. So the wise thing to do is to hold on for dear life (HODL). And if you can afford, then buy the dip and wait to see how the market turns out (Not a financial advice).
Just at the beginning of theis month, the market start seeing some improvement in price action since this year began. But a some few days back, it witness another volotily situation which makes many people to panic sell but encourages many to take the opportunity and enter the market.
If there is any advice we will give today, is for you to do your own research and join the market, do not join FOMO, there is never a best time to buy bitcoin or BNB, the best time to enter the market was last year, the second best time is this year. The industry is still young and growing fast with mass adoption. You are still early.
Start your crypto journey today with the world’s leading exchange for free HERE
Buy and sell bitcoin and other cryptocurrencies with Binance P2P which is secure, and has zero fee policy. Create an account today for Free, invest in cryptocurrency with caution.
*Disclaimer: this is not a financial advice and we strongly advice you to do your own research before venturing into any mission.
The Blockchain Project 