We are experiencing some big dip right now and of course we know that this can be so normal in this very volatile market...with some saying that a deeper dip can be in the making and that we should be prepared and not be caught by surprise. I am sure that the beats are waking up, and it is all up to the market to determine if we can have the company of the bears soon or will the bears be thrown back to where they belong...to the North Pole.
So what do you usually do during this stage...do you parked your cryptos in USDT or any stablecoin for the time being or maybe you are brave enough to just let the whole thing through?
Well, I came through a post here in this forum, which gave me some deep insights about the myth in the bulls and bears of the crypto market, it might not really be 100% correct, but am sure it has some facts in it.
The big time investors (billionaires) buys during the deep, and does not sell, rather they hold and buy more, while the millionaires sell in other to take out their profits from the market. At this current time, if we look from the perspective of Tesla Elon Musk who is now receiving bitcoin as a form of payment. He is not converting these payments to fiat, rather leaving it in bitcoin, so as to accumulate more and more bitcoin before the price becomes very high.
For me who is not a big time investor (low capital for investment), when there is a deep, I'll just push my profits to USDT or any other stable coin so as to avoid any losses in the market. This is a form of keeping profits at the safe side.