Key facts:
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Specialists recommend maintaining a personal trading strategy in the current fall.
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Enthusiasts reinforce their long-term bullish messages, following market fear.
Bitcoin (BTC)’s sharp drop below $25,500, its 18-month low, has raised fears in the market that its price might drop further. Therefore, given the possibility that investors impulsively get rid of the cryptocurrency, different specialists have communicated their vision via Twitter.
The enthusiastic David Battaglia remembered today to the investors of BTC that you should never make decisions in a panic. “We must capitalize on the fear of others,” she said. Similarly, trader adrig_iv estimated that holding firm and objective in times like now are what will make you a good investor.
In this sense, it is essential that investors anticipate sharp price drops like today’s. within your risk plan. In this way, these situations will not take them by surprise and they will be able to act according to their original trading strategy, without being carried away by emotions or impromptu decisions.
Bitcoin near $20,000 is a tragedy as well as an opportunity
As fear in the market mounts, investors with long-term bullish conviction increased their comments on social media regarding this look. Proof of this is the specialist Jess_btc, who communicated on the price drop: “Those who think in the short term see it as a tragedy and those who think in the long term see it as an opportunity.”
As he anticipates in this message, the current bear market is seen as a good buying opportunity at low prices for holders. That is, for those who plan to store the cryptocurrency for the long term, since they speculate that its price will increase over time. An example of those who think this way is ManiThawani, who said today that the best thing now is to buy BTC.
In contrast, those traders looking to make quick profits temporarily move away from the market until its uptrend returns. This is the strategy followed by the Mexican trader Oscar Ortega, stating that won’t buy bitcoin while it’s crypto winter (the downtrend).
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Enthusiasts raise their bullish eyes amid bitcoin crash
In this contrasting picture, Jess_btc Indian: “These declines are good in the long run. They serve to clean the market. It takes all those who entered to get rich quick and those who entered by technological advancement will remain. If you are one of those who knows that the world needs Bitcoin, see you until the end.
In this line, the co-founder of Ledn, Mauricio Di Bartolomeo, highlighted in a recent interview with CriptoNoticias that he sees that bitcoin adoption is on the rise regardless of price. The reason is that the cryptocurrency is solving problems in different parts of the world due to its fundamentals and economic restrictions.
For this reason, he foresees that the bear market will end when the United States stops raising interest rates, one of the factors that have led to its current fall. In this way, he maintains his long-term bullish vision, as Battaglia also communicated, who, like him, considers that adoption is on the rise despite the price drop.
“The macro situation has never been better for bitcoin,” Battaglia assured of the growing adoption he expects for BTC. This positive look in the midst of the bear market is validated, for example, with that given by the Deloitte study, in collaboration with PayPal. Both companies estimate that 75% of US merchants surveyed plan to accept payments with cryptocurrencies in the coming months.
If you look at the fundamentals of the network, the number of active users, addresses with balances, they are all lines up and to the right, regardless of what the price says.
Mauricio Di Bartolomeo, co-founder of the company that offers BTC-backed loans, Ledn.
In this sea of short-term bearish thoughts and long-term bullish ones, it is prudent that investors stay calm by following a pre-established risk plan. In this way, you will avoid impulsively selling for fear of a worse low, as well as buying BTC for fear of missing out (FOMO) at times of low and high.
