The title of the post might seem vague to a novice or should I say to a layman who is new to the cryptocurrency. The dumping could mean several things to several people, depending on the angle who is looking at it. To a layman, it could mean dumping refuse or a waste product that should be done away it or ready to be disposed of. However, in the sight of a cryptocurrency expert, it would mean different things, although you don't need to be a cryptocurrency expert before you know the meaning of such a term. As long as you have a HOLDL cryptocurrency and you have used it or traded it a couple of times, then the term won't be vague to you.
Halving effect on cryptocurrency
The period seems to be very tough in the life of a cryptocurrency holder. The market looks very bearish, which makes it difficult for investors to make a profit during this period. The market is dumping terribly, and no one knows when this bearish will last. Many investors or professional traders have suggested that the bearish is a result of the halving, which is around the corner. It is set to occur this April, 20th to be preside. What does it mean? Just as the term goes 'Halving', the amount of BTC in circulation is going to be slashed. What effect does this have on the cryptocurrency market? The number of BTC people held would reduce, but the good thing is it would affect the price of the cryptocurrency positively. Although it might not come with immediate effect in the long run, it would.
Why you shouldn't panic and sell
It takes discipline to adhere to this effect as many of us are scared of risking it all. However, if you fail to hold your position, that is when you lose the funds invested. No matter the level of price drop, it will certainly go up with time. The only trading I won't recommend during this period is in the future unless you are a professional trader. This period is not the time one should trade in the future if you are not ready for a fortune. You should avoid the urge to make it big overnight. To be wealthy, you have to be consistent in your riches accumulation. You have to grow and expand your horizon to fit in the space of those who have gotten to a certain realm in which their investment works for them. I have about people who sold their below the price they bought it on Twitter. I believe the bearish signal indicates the time to buy more and hold onto the coin you have acquired.
These are not financial advice. It is just my opinion on the market space.
Buying HIVE
Good approach, I love that.
I had $190 worth of #XRGE tokens on PanCakeSwap two week ago, I had an urgent need of money, I thought to use them but I didn't do that, now the toatl value is over $700 even after this crash in market,
I agree with you 100 per cent. On no account should one panic sell.
Exactly, selling in panic situations cause you in big loss