Hello to my friends who love life and keep smiling despite all kinds of negativity. In this article, I would like to share with you my thoughts on what is happening in the market right now. What are you thinking … ?
Let's write what I have in mind ...
The unreasonable events, manipulations, the existence of shitcoins ... in the last few months have confused the small investors who invest and want to invest in the cryptocurrency markets.
The novice investors, who were blown away by * reading the speeches of thousands of people on youtube, * reading the articles of thousands of people on Twitter, without analyzing every event, lost their assets at the end of yesterday and always suffered disappointments and will continue to live.
- With the start of the bull season in cryptocurrency markets, we learned that there are thousands of experts on social platforms such as YouTube and Twitter. I'm sure we won't see most of them in the bear market. The people we will see are both experts. I respect these people. They do not only do this to earn money, they share their experiences, knowledge, insights… Thank you…
Well, what should we do about it…?
You don't have to trade daily… Always follow the trends. There are simple rules;
Think medium and long term ( This depends on your perception of risk )
The projects that you research and are basically solid will not upset you… Chainlink a year ago $ 3, now $ 47, Uniswap 6 months ago $ 3, now $ 40, examples can be reproduced ...
Technical analysis tells you when to get solid projects as fundamental analysis ...
As technical analysis; I'm just following the resistance and support lines and the moving averages. I follow the experts I trust for market analysis.
My plan in Shitcoins; I keep me waiting for free brides, selling below spoken target when pumping, like dogecoin. Because when it comes to the target, it can fall incredibly until you take action… I definitely do not buy shitcoin ...
I like stock market tokens… They have good long term returns. The most striking example; Binance exchange's token is BNB. Here are a few examples like Binance that will bring you a long term profit Gate (GT tokens) and Crypto (CRO)exchanges… The risks are less compared to other cryptocurrencies…
In these three days, statements by US Treasury Secretary Janet Yellen and SEC chief Gary Gensler brought a drop in Bitcoin. When Bitcoin fell, other cryptocurrencies also fell. These situations; It will continue until there are regulations in the cryptocurrency markets. You shouldn't panic, you should think in the medium and long term… The following question comes to my mind; cryptocurrencies emerged in response to the current financial order. It was intended to be decentralized. Why do central governments' actions affect the cryptocurrency markets? Do you think it's a wrong question? … I am waiting for your comments…