It’s quite amusing to hear numerous comments about how Trump crashed the market and everyone is to blame except for me.
A fact is a fact. The reason for the decline was primarily the optimism of many gamblers who thought that after such a drop, a rise would finally begin, and they loaded their futures for growth.
And when the opposite happened and they were liquidated, they are now trying to convince that Trump crashed the market and not them.
Of course, Trump's actions had a negative effect in terms of changing the sentiment of other market participants, but the basis for the altcoin sell-off is the actions of futures traders.
Moreover, it’s not just you or me whose assets have fallen. They have fallen for the Trump family, congressmen, and everyone else who held cryptocurrency on their balance sheets, and this must be clearly understood.
The panic and fear that has arisen now makes many act irrationally and sell at a loss. But where will you take your money?
Is the prevailing thought now that I’m done with altcoins and will only invest in Bitcoin? Yeah, the only one at highs and with dominance at peaks? Do you really think that’s reasonable?
The main rule is to buy at lows and sell at highs... what do you want to do? Sell at lows at a loss to invest in an asset at highs?
I consider it excellent logic. With such logic, panic sellers will continue to lose their money.
And those who behave rationally will simply wait either for the market to drop even further to buy at an even better price or will just wait for the market to turn around and for new growth, which will definitely come someday in the future. Of course, not in the near future, but certainly in the medium term.
So, set aside your emotions and start acting more rationally.
Buy something on the spot and relax. The time to reap the harvest will come!