The Crypto Market Sentiments Now

The Bitcoin halving event is over; undoubtedly, this was such a big event in the crypto industry. Some people were expecting a spike in Bitcoin price just after the event, but honestly, this was not anticipated. Bitcoin halving event has nothing to do with immediate spike in the market however it will surely play an important role in price appreciation but it is going to take some time. Its been 10 days and we have seen how the market is more on the stable side and even sometimes we have seen a slide-down trend with Bitcoin and alt coins as well. I remember the time in 2020 when the lockdown was going on and Bitcoin halving happened. There were several significant movements in Bitcoin price in the market however in the same year we saw Bitcoin reach its all-time high.

Similarly this year also we can expect some good appreciation in the market within this year almost probably in the next year but we should have some patience to witness that. It's a game of holding and if you have invested in Crypto then you must have patience to wait for the right time. I agree that this time the market movement is not the same as we have seen in the past which can be a trigger point that Bitcoin might make its all-time high again within the same year or maybe before the end of the year. But we need to be ready for the long term because holding is more profitable in this market than trading and traders usually do not have that much level of patience. A person who invests in Crypto with a long-term mindset will certainly have the holding power and that is the best part about it because he is not going to sell when the price is not meeting his targets, especially in the case of Bitcoin which is a kind of safest investment in this market. The market is volatile and we can't deny the fact that sometimes we can see bigger appreciations and even bigger drops in the prices because both are part of the market so we can grab such opportunities if available.

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Today I was checking for the prices in the market and I was able to see the entire market in red colour. This is not a crash but surely most of the coins are in red and hardly very few coins are showing in green colour. I believe that this is a good time to invest some money in the market if you are planning to and even if you have purchased some coins that you are tracking at higher prices then also this is a good opportunity. Sometimes we buy coins at a higher price and then the price goes down so we need to buy more.

I think we should never buy all in one go because this is not the right strategy and if the price goes down then we can buy more. If the prices go up then we are anyway on profit so there is nothing to worry about. I did buy some coins a couple of weeks back when prices were high and I was not sure if there would be some dump in the market. I did the partial buy as I always do so I was left with some funds that I can utilise later if there is a day and happy to share that there was a dip like we can see even now. Some percentage of that funds is invested again in those coins and this is how I reduced my average buying price.

Now I'm not tracking this market closely but am still trying to keep an eye on how things are moving around. I have a goal with some coins that I invested recently and will continue to follow them. This goal is for the long term which is surely not less than six months and if I see an opportunity when my investment target is meeting then I'm going to book the profit but in any case situation I'm not going to sell at a loss because that is not my agenda with the investment. I have taken a combination of trends and some coins and I hope that this will give me a better return because most of the projects are solid by their foundation and have a good presence in the market with of course a nice market cap.

Thank you

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