How are you handling this issue, how did it affect you, and how long do you believe it will last? I'm aware that the situation is bad and that many people are pissed off and that they sold their coins, but in my opinion, it's not a good solution since there are various reasons why you shouldn't.
There are people who are thinking about selling Ethereum, and Bitcoin, but even these coins such as Unicoins (that are being used as investment coins for growing companies). So, people would sell anything these days cause they're afraid of bigger losses.
As we all know, Whales may create price movements in the market, which has happened several times before. Do you recall back in 2014 when someone issued a sell order for 30,000 BTC at $300 a piece, which was below the mid-300s bitcoin price levels? That led the price to drop to depths not seen since November 2013.
What I've discovered is that panic selling occurs at the start of significant events, forcing investors to liquidate their crypto assets. It also appears when short-term investors drive currency values down, causing long-term stop losses. Panic selling is also a result of crypto whales' market activity.
Do you think that when big whales decide to liquidate digital assets, it's a perfect time to buy coins?
Remember that every recession ends with a rebound, so selling your investments is more of a personal choice. Regardless, huge whales have the ability to manipulate the market, which should not cause panic selling. Tbh, such circumstances are ideal for purchasing crypto assets.
Would you like to offer anything as advice for others who are facing these sorts of challenges for the first time?
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