SELL EVERYTHING?: BTC, ETH, LTC, BNB, SOL, ADA, MATIC, ATOM, ALGO?
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Have you been thinking about selling all your cryptocurrency assets? Read this till the end.
The recent news from #SEC has caused a wave of FUD, impacting the market and leaving many individuals uncertain about whether to sell their cryptocurrency assets or hold onto them.
Today, I'd like to share my personal strategy in the market and let you decide if it resonates with you. The approach I have been employing has proven to be effective, and I consider it the most suitable strategy in the current situation.
I have been closely following the SEC lawsuit against #Binance and its CEO Changpeng Zhao, as well as the surrounding rumors. Instead of hastily selling off all my cryptocurrency assets, I have chosen to take advantage of the situation by purchasing additional currencies at discounted rates.
Conducting thorough market analysis has equipped me with valuable insights, allowing me to anticipate market expectations.
Yesterday, I decided to sell half of my cryptocurrency assets and patiently waited for a market dip. With the same funds, I seized the opportunity and bought more assets at the lower price point.
To illustrate, let's assume I initially held 50 Solana tokens, each valued at $20. I sold 30 tokens for $600 and calmly awaited a further drop in price to $15. At that point, I used the same $600 to purchase 40 Solana tokens, obtaining an extra 10 tokens.
This approach has enabled me to grow my cryptocurrency assets with the belief that these currencies will soon regain their value.
Please note that this analysis is in no way, a financial advise as it's based on my personal observation.
Please DYOR before embarking on any investment decision.
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