At this point all we need to do is to hodle because that is the ultimate goal, if you are holding Bitcoin before the market drop to 25k you are already in a loss, but what the price becomes in the next minutes no one knows, so to be at your best stage you need to handle 100%.
Bitcoin is the best form of asset and at that one need to have a fundamental knowledge of how the technology works, and also how to apply all the various market reaction to the current need and time, with all the market crisis that has resulted in maa massive dump.
My DCA on Bitcoin is approximately $28,000, so I'm definitely at a loss but I honestly don't mind Bitcoin, I'm certain that it'll recover. I'm more worried about BNB, which I had bought somewhere around $280 and it's currently at a huge loss.Bitcoin is the best form of asset and at that one need to have a fundamental knowledge of how the technology works, and also how to apply all the various market reaction to the current need and time, with all the market crisis that has resulted in maa massive dump.
Matic/polygon is another one in the trap. SEC is definitely swinging theor weight right now but we've seen these things before. Don't know if it's worth buying the dip but if these coins tread water amd make it out there are some serious opportunities to be had. I'm hedging my bet and cost averaging down on some of my positions.
I'm not sure if it's worth buying any coin at the moment, the situation is pretty tense and unpredictable. I honestly didn't expect BNB to crash like that in such a short time period. Bitcoin seems like a safer option than any other altcoin, but this is evident that anything negative (or positive) can occur at any time.I’m wondering if Binance will leave the US market, are they can still work well?
US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.
I am not sure but they can still operate their market in other countries. People can still do trading but the thing is if people in the US want to trade in Binance I think they need to use VPN since it will be banned for sure. When this thing happen I know that Cz and his team has already a plan on this. Yes it will affect the market but not too much. US SEC are the only problem to cryptomarket while the other countries are not doing any pressure against the top exchanges. Binance will survive on this, though its better to wait for the real bottom of the price since there’s a chance for Binance to go lower $200 again, its sad but this might be the next price for BNB.
