You should do only one thing!
Buy, if you want to profit when Bitcoin will rise, or
Wait, if you have already bought Bitcoin.
and selling should not be the option now. ;)
Buy, because the cryptocurrencies are going through a bearish market now and the prices are already low and that can be an opportunity for the buyers.
The bearish trend is for a short period of time and soon we will be the witness of a bullish market and the prices of Cryptocurrencies will start to rise.
No, I am not predicting anything. I am just showing you the bright side, which will overlap its darkness.
Those who are controlling the market and trying to grab the money of an average trader, by making them feared, will get out of the system, with the mass adoption. As much as people will participate in the market, and will use the digital money for daily shopping or for daily services, the stability will come, and it will be difficult for those people to fluctuate market and to play with the sentiments of an average trader.
The current market is bearish because of “The Whales” that holds a large amount of market cap and get their benefit by selling more when the market is in an uptrend, and then again market gets crashed. The biggest example of that the Mt. Gox, who sell at the time, when the market starts to rise and get stable at a point.
And others, the people like Warren Buffett, who remarked Bitcoin is "probably rat poison squared" on May 5, 2018 and the whole media and press makes it their headline.
And it did not end here!
May 11, 2018: 8200 BTC Moved From Mt. Gox Wallet, Possible Sell-Off Affects.
May 11, 2018: Korea's Biggest Crypto Exchange Raided Over Suspected Fraud.
All it happened just before the May 14-16, 2018: Consensus 2018.
Which was a crucial event to make people aware and help them to adopt the Cryptocurrencies, which would have taken the bitcoin prices to the peak
But they got to succeed in their plan, to shut the hype of Cryptocurrencies and physical reality just couldn't satisfy the expectations of the mind.
If you are a short-term trader, you need to buy at DIPS and sell, when the market grows and get stable at a point where you can earn some profit, because the Mt. Gox and “The Whales” are not going to stop selling to get their profit.
If you are a long-term Hodler, then you don’t need to worry a lot about your profit, because the adoption of Cryptocurrencies and Blockchain technologies rising day-by-day. The only way to get a stable and profitable market for everyone is the “Mass Adoption” and “The Real World Use” of Cryptocurrencies.
Wait, if you have already bought Bitcoin because as I told you, the bearish trend is for a short period of time and soon we will be the witness of a bullish market and the prices of Cryptocurrencies will start to rise.
It’s a good idea to stay informed with every update of Crypto world, that will make your understanding better to analyze the market. Choose the best sources to read cryptocurrency news of all top crypto coins from authentic news sources.
P.S. - An UPVOTE would be appreciated if it helped.
Image source:- Coin Desk