Bitcoin Halvening is here

Hi guys. Today the ride has been really rough in the crypto market and many hodlers can't handle the bumps ahead. Less than a week, we saw bitcoin slipped from a comfortable $9,150 to $4,440(As at when this post was being written). Over 46% wiped out, literally halved 😂. There are many speculations on how much dipper it'll go. Some suggesting it to hit its 2019 low around $3,300.

My take

With all the panic selling due to Corona virus(popular belief). I think history would repeat itself. On this day 365 days ago. We saw Bitcoin at $3,917. I won't be surprised if we go below that price.

As an investor. What should you do?

Well, from my own understanding of the market... There are 3 cool options I would take.

Hodl. Here you can hold your coin and do absolutely nothing. Let the dip rekt it for all I care. I'm a long term investor, bitcoin would definitely bounce back in lightening manner. So I'm good.
Sell. Many people are selling and it makes sense. Just like getting the trouble outta my control. If I had sold when it was $8k last week, I'll have more Fiat that can buy double the amount I sold. Cool strategy eh? 😂
Exchange for a stable coin. It's simple. When there's a serious dip like this. Smart investors don't only sell for Fiat when the price is up. They cease the opportunity to double their bags 💰. At $7.8k. Many must have thought Bitcoin would hit $7k, immediately they'll swap/sell for a stable coin pegged at $1. When it reaches $7k as predicted, they'll swap back thereby increasing their portfolio from every red candle formed.

I prefer number 2 and 3. This is a rare opportunity to buy the dip. Bitcoin Halvening is less than 70days from now. You know what's gonna happen 😉.

What about Steem?

Today, we see steem reaching a new low for over 25months. $0.098