In Bearish Phase, Is This a Good Move to safe Capital?

[Hamzaal24]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

[trauchot]

These all falls are just a temporary phenomenon, and as you can see, the cryptocurrency market has started to grow and soon it will probably begin to grow even more, now you need to invest until the prices of cryptocurrencies have fallen very much or just wait for growth if your cryptocurrency portfolio is already full.

[Istiak]

Yes, I think it will be a good move. All of the trader's goal is to buy low and sell high. In a bearish market that is a big chance to buy at a low price so that you can hold it and sell it when price moves up. But if you are a long term holder and the investor then you should keep your desire coin or token and you can buy more if wants from a bearish market.

[Muneeb22]

So many peoples will sell their coins in the market becasue they afraid that they are going to loss their all money but i am not sell my coins becasue i know that the crypto market future is bright and good.

[Master107]

Price movement will shift when the market recover or I mean the people recover. Cryptocurrency is nothing without people to manage. We are busy now for precautions against covid-19. No exception, we are all possible patient. When this pandemic end, crypto people will be back again.

[masterrex]

If we compare the statistics in the past days the crypto market now was slowly recovering, bitcoin price was slowly catching up, it manages to reach $6800+ in the seven day period some altcoins are also showing positive gains, thats why in my opinion the effect of the Covid-19 pandemic in the crypto market is just temporary and the only reason is the scare, that triggered a massive sell-off on their crypto holdings, I don't believe the latest drop of cryptocurrency price is a whale manipulation. but I must say that it is highly possible. By the way, if you move your capital into a safe haven for a while I think the Gold market has to be considered.

[Bobcrypto]

Much of this month has been a time of turmoil for markets across the world. Even Bitcoin, the primary cryptocurrency, has fallen from $8000 to $5000. Currently, there are no clear signs of whether bulls are going to take control, but Bitcoin’s current oddly high correlation with traditional assets has held its price low. While many cryptocurrencies are now sitting on the stands, stablecoins have picked up. After the recent market meltdown, there had been a rapid growth in the stablecoin demand.

In my opinion, i think that stablecoin is a good way to safe capital and because they can not go down below $1, it comes a safe way to help investors, traders, and other crypto participants to boost their confidence in the market generally.

[CryptoAddict]

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[Muneeb22]

These all falls are just a temporary phenomenon, and as you can see, the cryptocurrency market has started to grow and soon it will probably begin to grow even more, now you need to invest until the prices of cryptocurrencies have fallen very much or just wait for growth if your cryptocurrency portfolio is already full.

I am regularly buy the coins and safe them from 3 to 4 years and now i just wait for the market bull and i know that this time market will make a great move and so much high it will touch this time.

[Rivaldi Kunkun]

The step I took when there was a decline was to buy BTC at a low price. And lucky that BTC slowly re-pumping. Currently, the market conditions are unstable and we have to be prepared with whatever will happen. If this is a bearish phase it may be the best chance to buy a coin at a low price (you can buy other than BTC).

My advice is to trade daily and not take too long to hold the coin. If there is a good chance that your coins buy prices go up. We recommend direct sales and then waiting for the coin price to drop.

[hushpupppy]

I think in a bearish phase, you need to be able to assume or predict a fall, so you have an opportunity to move your funds to usdt right before the bearish phase, and that way you get the chance to buy even more, at a considerable high satoshi rate if you are based on btc.

[Fenix]

If we compare the statistics in the past days the crypto market now was slowly recovering, bitcoin price was slowly catching up, it manages to reach $6800+ in the seven day period some altcoins are also showing positive gains, thats why in my opinion the effect of the Covid-19 pandemic in the crypto market is just temporary and the only reason is the scare, that triggered a massive sell-off on their crypto holdings, I don't believe the latest drop of cryptocurrency price is a whale manipulation. but I must say that it is highly possible. By the way, if you move your capital into a safe haven for a while I think the Gold market has to be considered.

I do not think that the reason for the last sharp drop in prices on the cryptocurrency market in the middle of this month is the panic caused by the spread of coronavirus. People urgently needed cash to prepare for isolation under quarantine from this virus, and if there were no available funds, cryptocurrency was used, which, due to its poor liquidity, was sold through exchanges and therefore its price fell off. This is evidenced by the current growth of the cryptocurrency market after the introduction of quarantine in most countries.

[kevinjulio]

With a slump, the Bitcoin price and everyone seemed panicked. Thus making the Bitcoin price add worse. Many people suffer losses, so their capital decreases.

But, I am convinced that after the phenomenon occurs. That many people are taking advantage because the price of Bitcoin is pumping. So my opinion that any event of the collapse of Bitcoin price, surely Bitcoin price can be back up.

[Octoalts]

We must remain calm when looking at situations like this, Do not be too panicked and then sell the coins we have so that prices are increasingly destroyed.  Stay calm, because prices will definitely go up.  And this increase we have also seen together after Bitcoin has decreased dramatically some time ago.

[Nestle]

Patience when the market is bad is a good thing to do besides seeing the potential for coins to be further bought and invested. The market will recover and increase when price decreases occur. Use this time to learn more as an experience