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What Should We Do In This Market Situation?

sagor1233 - 2024-04-17 20:32:15

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Assalamu Alaikum friends,
Next April 19, the probable date of Bitcoin halving. The time has come to rely on Bitcoin's blockchain. If you look at recent history, you can see major crashes in the crypto market before the halving. As a result, prices of other altcoins, including Bitcoin, dump significantly. Sometimes this dump amounts to 50% in the case of Bitcoin and 80% in the case of altcoins.

![image.png](https://cdn.steemitimages.com/DQmSczaZ97gz5iE3b8BrRSx7UekjopzduHUZePt7q2NuprJ/image.png)
[Source](https://www.freepik.com/free-vector/laptop-with-bitcoin-electronic-currency-coins_5713281.htm#fromView=search&page=1&position=4&uuid=0e204f11-a3e9-40bf-9f93-5c0f3a4e8aeb)



But, although the dump is a little less this time, panic selling has occurred in the market at a large rate. As a result, many dollars of the crypto's total market cap have been pulled out of the market. Bitcoin's halving and dumping before that halving could have been more or less predicted. But, this being the crypto market, it is totally unpredictable.

Following some techniques in this current state of the market will reduce the possibility of loss to a great extent. I will share some techniques on the blog to reduce the chance of loss. Which is purely my analysis. So, may not match anyone.

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1. **Day Trader**
2. **Holder / Investor**
3. **Futures Trader**


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![image.png](https://cdn.steemitimages.com/DQmPuuBGD6DDK8a6rt2UMeXHsgQd3fq3dCQYz23tU5Z52Eq/image.png)
[Source](https://www.freepik.com/free-vector/illustrated-stock-exchange-data_8851341.htm#fromView=search&page=1&position=0&uuid=cf0e9798-5cfd-4c56-8966-faef1e6949fb)



**Day Trader:-**
Day traders are the biggest losers these days. As the market is in a downtrend, day traders should sell the assets they have and buy more from the debt and later recover the losses by selling those assets if the price increases.


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![image.png](https://cdn.steemitimages.com/DQmW5grrLAiAJ93V2kexEjBGgUfgsxUu6CwkrKMbZ3igfxd/image.png)
[Source](https://www.freepik.com/free-vector/investor-with-laptop-monitoring-growth-dividends-trader-sitting-stack-money-investing-capital-analyzing-profit-graphs-vector-illustration-finance-stock-trading-investment_10173124.htm#fromView=search&page=1&position=1&uuid=0d14d827-9e6d-48de-997f-552d6139218e)


**Holder / Investor:-**
Holders/Investors are without any tension at this moment. Because, they are holding their assets for a period. So, whatever storms may come in the market before this period, they have no headache. Rather, they bring their average buying price down further by doing more DCA and subsequently receive a good return.


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![image.png](https://cdn.steemitimages.com/DQmeUnL4XdRdiF3ZE7Ti5K5jPBwvUgaoWpvnbEJwjojF66U/image.png)
[Source](https://www.freepik.com/free-vector/trader-working-concept_8785563.htm#fromView=search&page=1&position=24&uuid=989e6255-532a-4017-b790-e0b7254d2c80)




**Future Trader:-**
Today, many futures traders have gone bankrupt. After many traders go long/short, their positions in the market are liquidated within a short period of time due to market manipulation. As a result, they can no longer afford to trade futures or spot trades. So, those who are showing interest in futures trade. There will be only one advice to them, in this current market situation it is better to stay away from futures trade or trade with less leverage.






Published On:- 18 April, 2024







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