The huge sell off registered on the Thursday that cut off the BTC price almost 50% let the market in "fear or panic" for the weak hands and opened a good "window" to the strong ones to bag more and become more stronger than ever before!
Of course there's an uncertain environment into the global economy but we must remember that we belong to the crypto market, an decentralized ecosystem that only depends on people will to buy more assets and the price will get back again on track, different than the traditional financial markets that corporates various factors to the countries economy to be on track! That sell of from Thursday remembered a situation in a war time when the people sell of their assets to move to a different country to be far away from the conflict zone.
But those ones who sell their stuff in order to start a new life on a different location their are securing their portfolio in paper notes different than selling their digital assets that in a crisis time it's more important than notes! Follow me on my thinking here: if you wanna build new life in a different place you sell your physical assets in order to get cash, that cash will be stored in banks that will be carried out in transfers to your new locations to give you stability there!
But doing that you will be facing international money transfers that will cost you money and time and due to inflation you won't have the same amount you sold your assets and when you are definitive reallocated you will see that you made a bad business.
The conflict will end one day and that stuff you sold you will need it...and the ones who kept them will be the winners!
It's all compared to BTC, the ones who manage to keep it and follow the market bad times will be the winners here and that is for sure... Soon or later the price will rise again!
Free image from Pixabay with rights for commercial use here.