I guess everyone must be aware about the recent market crashed that happened.
Few days back it was bitcoin that saw a huge downfall after Elon Musk Tweet and we saw it nearing to $40000.
But what happened recently was a proper market crash , this time we saw almost every famous currency going down. Bitcoin touched $30000 and Eth went below $2000 ( approx $1850 ).
Now here is the thing , the total downfall was of $500 billion that means total market cap was bleed by $500 billion.
Many of us might have lost half or maybe one third of what we invested.
There are many explanation given to people for this huge bleed of Crypto Market.
Elon Musk tweets was one of the reason here as well , and maybe the recent tweete
about Tesla stopping to take btc as payment.
Some says because of China jitters and some are blaming the tax day for Americans.
people residing in America was asked to pay tax by 17 May.
Anyways I ain't here to talk about those reasons. What's next...?
We all know that this was meant to happen someday as we have seen in the past as well. But it's not the time to cry but to take decision.
I too suffer a loss of half of my investment in few cryptos but I have made some decisions.
I think we can expect to see a rise atleast once before the final good bye.
So make good use of it , trade in portions and try to make profit out of this huge bleed.
I don't know where the crash will finally stop , for sure i don't think it has stopped already.
Only in coming days we will get you know what's really gonna happen.
what are your plans ? what are your decisions ? let's share with each other and maybe that can help someone.
I often end my post saying Happy Trading Everyone but maybe not today.