Crypto Is Crashing. What Should You Do?

Suthep Chaviwan/March 16, 22

I quote the following headlines from some websites of yesterday and this morning. They reported that:-

**Bitcoin fails to crack $39K on Wall Street open as markets await Fed inflation decision.

>>Bitcoin price action shows signs of instability as $39,000 provides near-term resistance.

***Bitcoin risks final 'bear market capitulation' as rich investors continue BTC selloff — analyst.

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There are a lot of headlines and similar commentaries this week about why crypto is crashing, prices have dropped dramatically since the past three months up to the present time and still have not been a bounce back. 

The ones who are involved with crypto business have noticed that the cryptocurrency prices including the most popular cryptocurrencies, Bitcoin (BTC) Ethereum (ETH) Tether (USDT) Binance Coin (BNB) USD Coin (USDC) Terra (LUNA) XRP (XRP) have dropped about 50% from their all-time high. 

Most observers think that the tensions between Ukraine and Russia also had caused such crashes and will continue to crush if the Russian-Ukraine War is not finalized.

By this time, some investors may have questions in their hearts whether they should sell their crypto right now or not before furthermore plumping. Others might think that if they sell now, there is a chance prices could bounce back soon after — and you'll miss out on those gains.

It is the time that you should also think if you've invested at any point in the last several months, pulling your money out now will mean you're most likely selling at a loss.

Think about the time that you were involved with crypto. You know that every crypto investor must be prepared for loss, severe price crashes are a normal part of crypto investing and they can happen at any time.

Cryptocurrency crashes can be extremely stressful, volatility is part of crypto investing that is why before getting involved with this business there is a suggestion to an investor about the investment plan, to think for a long term so that they can avoid panic-selling and trust your investment plan.

Severe price crashes are a normal part of crypto investing, so it's important to be ready and also change the crisis in your mind to be an optimist "A life spent making mistakes is not only more honorable but more useful than a life spent doing nothing".

Ending.

REMARKS: If crypto investors still do not know what to do during the time of crypto crashing. It should be the time that they should turn to their religious faiths. Prayers for guidance from God to guide them in the path of righteousness. Asking for God's Wisdom. Don't just sit down and curse the darkness. Suthep Chaviwan/March 16. 22

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