Crypto Market is Down. Let's talk about it

Hello Everyone,

I am good and I hope that you are doing well. Today in this video I have talked about The cryptocurrency market where we can see that Bitcoin's price is approximately 25K US dollars. This is a market and we need to understand that it cannot keep on going upside. Going up and coming down is the basic nature of any market and this crypto market is not an exception. The market news plays an important role in this market so if we see a lot of negative news floating around then of course we are going to see the impact on market price but if you are here for the long term then there is nothing to worry about.

These days we get to hear that ftx exchange is planning to sell off some coins and this value is going to be around $7 billion. Some people say that because of this upcoming dump, the market is in negative sentiment and this point I have discussed in detail in this video. I'm not sure what amount of crypto this exchange is going to sell but I believe this will not create any big impact.

I can tell you one thing I sold off Ethereum when its price was $1800 and since then I have been trying to buy it back but I did not get a better opportunity. I plan to buy it back when the price is approximately $1400 so that I can increase my overall inventory by following the strategy of selling high and buying low. there are different methods that we can follow in this market to grow the value of our portfolio and one of the popular and effective methods is to sell high and buy back. Booking profit is not the right time in a bear market and I am trying to grow my overall holding and not booking any profit.

Growing inventory is also a kind of investment I believe because this way we are trying to accumulate more balance which will turn out to be a better monetary value of course once things are grown up. In this market patience is the key and whoever tries to be rich overnight can face bigger losses so I highly recommend not finding the easy way to make easy money because that may happen but the higher probability is to lose money.

This market situation is good for the people who are trying to build their holdings and grow their portfolios. They are the people who can be called strong hands because they are not going to sell unless we see a significant rise in the market which is highly expected in next year post Bitcoin halving. I don't know when it is going to happen but I have enough patience and there is no reason for me to sell out anything because my investment in Crypto is for the long term.

I sell off only when I see that the price is slightly on the higher side and it can allow me to buy back at a lower but sometimes I also need to wait longer. For example, I did the same with Ethereum and I have been holding the balance to buy it back but I'm not getting that opportunity for the last few months so maybe this can be the time when I'm going to get it but I'm not sure about that.

I hope you like this video and that the information I have provided is helpful for you.

Thank you so much for your time

Have a great day