The crypto market experienced one of the worst single-day losses in history on March 12, and multiple cryptocurrencies fell more than 50% in hours. Bitcoin (BTC) alone lost about half of its value, while $ 100 billion of steam has come out of the market.
Under these circumstances, it would be usual to expect investors to realize the disastrous nature of the volatility of Bitcoin and other cryptocurrencies and the dangers of investing in digital currencies. Such shocking market movements and huge losses should be seen as a sign that they can be easily damaged. So much so that the ordinary investor is expected to know that he may experience losses large enough to easily destroy his money in a matter of hours or even minutes. However, this is not the case for Bitcoin and other crypto traders, at least the reactions on Twitter show the opposite.
Doesn’t matter that I’ve been around bitcoin for a long time, and that my bullish case is still intact – seeing this brutal 1 day move gives me anxiety. Sitting tight can be the hardest thing. pic.twitter.com/psflrdrkrs
– Tuur Demeester (@TuurDemeester) March 13, 2020
They refuse to adhere to society
Crypto traders show that there is no ordinary group at every opportunity. They refuse to adhere to society, challenge market dynamics and logic, and consider Bitcoin valuable as it falls and falls. Where the ordinary investor sees that the market is collapsing, they see this situation as a buying opportunity and evaluate it.
Crypto traders have seen similar declines in the past and know that the end of the recent market crash will still be the same. Above all, they know that the market can move up or down hard.
I’ve seen worse moments in Bitcoin’s history.
We are on the path of maximum pain. Those who survive will earn the title of HODLer! https://t.co/jhwsnhuxbh
– Dan Hedl (@danheld) March 12, 2020
They also rely on the fact that cryptocurrencies are extremely volatile with crazy rises and sharp drops. For this reason, they know how to hold their breath in the face of the last selling pressure, with the understanding that when panic is subsidized and the crypto market returns to normal, their patience will return.
They Invest in Where Everybody Runs
Some crypto traders are looking at the invisible side of this market collapse, encouraging their spouses and friends, including friends, to buy and accumulate digital assets. After all, the best way to trade wealth in the market is to buy fear and sell greed.
No lie. 5 friends have randomly asked me if they should buy bitcoin in the last hour.
– The Wolf Of All Streets (@scottmelker) March 13, 2020
For the majority in the community, the crypto market collapse is a blessing in disguise. According to them, panic, weak hands, and main market investors caused a wave of sales, so that weak circles came out of the crypto market. It seems that the rest will not easily leave the market, even if there are large price drops.
Prediction: $ BTC is about to decouple from the stock market.
It has buyers.
It has a different set of fundamentals.
It has its own supply and demand rhythm.
Hodlers are not priced in.
– Checkmate ?⚡? (@_Checkmatey_) March 12, 2020
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