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Covid Rumours And Anticipated Crypto Bull, What Should I do?

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The year will end in the next three weeks and some days, but it appears the long-anticipated Crypto Bull will not be possible. At first, investors saw the dip as the correction that will set up the bull, but the news of a new variant of Covid-19 seems to set up panic in the crypto market.

If you recall very well, during the first phase of covid-19 in 2020, the crypto market was crumbled. Bitcoin dropped below $4,000 and many altcoins dropped by 50%. It was indeed a hard time for the world at large and many people suffered very well due to the lockdown and shortage of food supply. The news that the new Covid-19 variant is resistant to vaccine has prompted some investors to make provisions for a possible lockdown. They believe that it is better to convert some of their tokens to stables and await what comes next.

On the other hand, investors who are not ready to sell their token are concerned that hodl will likely put them at a loss when "weak hands" begin to panic sell.

What then is the best action to take?

Whether you believe that now is the perfect time to prepare for a possible economic meltdown or not, it is better to take your time, study both the global market and the crypto market for some time before taking any action. Do not panic sell only to regret in a few days and do not be greed to hodl longer when the bearish trend continues.

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