How Do I treat the cryptocurrency plummet, plunged by $8,000 Bitcoin

[AliceAmy]

一. The Current Bitcoin Market Condition
On April 18th, the BTC pushed down. It went down to nearly $8,000 for an hour. At the same time, other digital currencies fell across the board. Calculated by the 24-hour decline, ETH plummeted by 12%. The rapid decline caused heavy losses for long investors. Within 24 hours, more than 470,000 people broke their positions and 39.5 billion of funds were wiped out.
It should be noted that while the cryptocurrency market is improving recently, a regulatory storm may be coming. This Friday, the Central Bank of Turkey banned the use of cryptocurrency and crypto assets for purchase on the grounds of possible "irreparable" damage and transaction risks. According to market news, the U.S. Treasury Department will accuse several financial institutions of using cryptocurrency to launder money. Some believe that this may be one of the reasons for the collapse of cryptocurrencies. It plummeted by US$8,000, and the shadow of supervision reappeared at around 11:00 am on April 18. Bitcoin, which has been continuously bullish recently, crashed and plunged by nearly US$8,000 within an hour.
Staged a crashing market:
10:18: Bitcoin pushed down to below $59,000, the first time since April 11.
11:20: Bitcoin continues to fall, going down below $58,000.
11:22: Bitcoin fell below $55,000 per coin, and fell by more than 8% within a day; ETH went down below the $2150.
It is worth mentioning that Bitcoin has recently continued to strengthen after breaking through $60,000. On April 13, Bitcoin once broke through the $64,000 mark, reaching a maximum of $64,778. After that, Bitcoin has fallen back for several days.
This round of Bitcoin bull market is affected by macro policies, institutional entry, and Bitcoin products. Bitcoin once again ushered in a round of gains, but since then, no new positive expectations have emerged, the market lacks effective stimulus, and at the same time, the accumulation of early profits has also caused a certain degree of selling pressure, or caused today's substantial callback. At the same time, other digital currencies fell across the board.
Bitcoin's rapid decline has caused heavy losses for long investors. According to the latest data from Bitcoin Homes, in the past 24 hours, the number of liquidated positions has risen sharply. Over 470,000 people have liquidated their positions, and 39.5 billion of funds have been wiped out. The liquidation funds reached 538 million yuan in the past hour. Among them, BTC liquidated 3.638 billion, about 70,000.
二. How does the investors make the Bitcoin profits
In the case of Bitcoin's rise and fall, pay more attention to investment and financial management, invest in some products with stable income, so that you can not lose money in Bitcoin but also gain. For example, Bitoffer's ETF funds. 7-days Saving and other activities.

[TomPluz]

Well, it must be clear to all that what happened in the past few days with Bitcoin and cryptocurrency in general can still be considered as normal. Right now, the market is recovering, and I am sure that BTC is just gathering some necessary energy for another ATH attempt...soon. Nothing surprising at all, and we should not be shocked if the same thing can happen again and again - for whatever reasons many people may ascribe the dump.

[gurunanakji777]

I see it's not a big deal crypto market behaves like this many times. The loss counts only when the long-term holders sell but usually long-term holders or investors remain, patient, they don't sell in panic basically. I also heard the ban from Turkey on cryptocurrencies. I don't think crypto will be badly affected by such news. In the crypto market investors very well aware of high volatility and due to high volatility some people earn huge money in a short time. All investors know it's a volatile market and still, they are doing it because they already prepare their minds for such situations.

[Zezari]

About such a sharp drop will immediately attract a huge number of buyers, most are waiting for this moment to buy bitcoin. In this case, if there is such a sharp drop can lead to disastrous consequences, you need to do everything gradually.