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CryptoQuant CEO said Worst Strategy for Bitcoin is This: Don't Sell! - Coin Bulletin
CryptoQuant CEO pointed out that declines like the one Bitcoin is experiencing in (BTC) bull cycles are normal, advising not to panic sell in a novice manner.
CryptoQuant CEO Ki Young Ju has issued important warnings to investors in the face of the recent Bitcoin decline. This week, as the Bitcoin price dropped to 82,000 dollars, causing panic in the market, Ki Young Ju stated that panic selling is the worst investment strategy.
Ki Young Ju, while emphasizing that Bitcoin experiences 30% corrections in bull cycles, reminded that despite the 53% drop in 2021, Bitcoin reached an all-time high of (ATH). He pointed out the importance of investors acting with a clear investment plan rather than emotional reactions.
Ki Young Ju expressed that panic selling could lead to significant losses, especially for novice investors, and stated that "Buying when prices are up and selling when they fall is the worst strategy for investment," emphasizing the need to be prepared for market fluctuations.
Finally, the CEO, stating that success in the cryptocurrency market is possible with strategic decisions rather than emotional ones, emphasized the importance of thinking long-term and not being affected by temporary movements in the market.