The past few days have been horrific when it comes to the crypto market as the prices have gone down significantly. I saw the most horrific crypto crash of my life when more than $150 billion was wiped out of the market in a matter of just one day.
Whether you like it or not, I believe that there is still plenty of time until we see the prices we saw at the end of 2017. Maybe we were in a bull market but the recent crash has taken us back and it might take a long time to reach even $300 billion market cap.
The reason I am saying this is because right now people are trying to have as much cash as possible at their disposal. COVID-19 has created a panic in the whole world and right now most people will stay away from investing any money especially in the most volatile market.
COVID-19 is going to take some time until it cools down. It may be a couple of months or a year, I am not really sure about this but because of this virus, people will more likely stay away from investing in Bitcoin and other cryptocurrencies.
It brings to the topic that should you be buying more or selling right now. I am not sure about buying, maybe we might see more downtrends if the virus hits more countries but what I am sure about is that you shouldn't be selling right now unless you need that money. I know the times are hard but even the stock markets have crashed badly. If you have some money left, you can always buy more in the dips as you might not see such prices again.
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