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Why are cryptocurrencies plummeting today? My unfiltered analysis
By Linsey
I'm on edge today! All my positions are in the red and I bet yours are too. This brutal drop in the crypto market has put me in a really bad mood, so we might as well get to the bottom of what's really going on.
What causes this carnage
Let's be frank - this market is a hell of an emotional rollercoaster. Today, it's a complete freefall for several reasons that no one wants to admit:
The big fish are still crushing us! These whales are selling massively while we, small investors, panic. It's always the same circus.
This story of "regulation" coming back? Frankly, I'm tired of hearing this excuse every time there's a drop. A country announces restrictions and everyone loses their mind!
And then these exchange platforms that are always under investigation... We can no longer trust anyone in this universe. I am tired of seeing my assets held hostage by problems that don't even concern me.
How do I handle this shit
After several years in this ungrateful world, here is what I have learned:
Don't give in to panic! I sold out of fear in 2021 and I regretted it bitterly. Now I'm holding on like a leech.
Analyze the ongoing scam - is it a temporary manipulation or a real fundamental issue? The difference is crucial.
Don't put all your eggs in one basket! I learned this the hard way when I had bet everything on a single cryptocurrency that collapsed.
Technical analysis? Frankly, it's often nonsense, but it can help you spot trends. Take it with a grain of salt.
This is not the first time I have gone through a storm and it will not be the last. The crypto sphere is ruthless but it rewards patience... well, sometimes.
Crashes are part of the game. Stay clear-headed when everything collapses and you will survive. This drop may even be an opportunity to reinforce your positions if you have the guts.
Bitcoin slips below €115,000 and the total market capitalization is under 4 trillion... but tomorrow is another day in this crazy world of crypto.
#MarketCrash #HodlGang #CryptoRoller2024 $BTC