Bitcoin

when

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/andrew-kang-shares-insights-on-bitcoin-price-drop/" data-wpel-link="internal">Andrew Kang Shares Insights on Bitcoin Price Drop</a><br></p>
<p style="text-align: justify">Andrew Kang, an investor managing billions of dollars, shared his views after Bitcoin’s price dropped below $63,000. In his post on X, he evaluates the current state of the <a href="https://en.coin-turk.com/analyst-explains-bitcoins-recent-price-drop/" data-wpel-link="internal">cryptocurrency market</a>. Kang’s highlighted points serve as a benchmark for those in this market, offering reassuring statements for those panicking during downturns.</p> 
<h2 style="text-align: justify" id="andrew-kang-s-warnings">Andrew Kang’s Warnings</h2> 
<p style="text-align: justify">In his post, Kang makes an initial observation, noting that for many investors, this is their first bull cycle. This situation has significant implications, as these individuals lack the experience to manage the market’s complexities and risks.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-364422 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/06/crypto-4.png" alt="" width="487" height="220"></p> 
<p style="text-align: justify">We can see the most significant impact of this inexperience in panic selling. Investors, in a state of panic, inevitably become disenchanted with the market. Kang pointed out that during this <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">bull market</a>, Bitcoin (BTC) typically experienced very limited drops, usually around 20%.</p> 
<p style="text-align: justify">According to Kang, this relative stability may have given many new investors a false sense of security. These investors might have started to believe that significant market corrections were unlikely, potentially leading to a dangerously complacent attitude.</p> 
<h2 style="text-align: justify" id="emphasis-on-financial-risk">Emphasis on Financial Risk</h2> 
<p style="text-align: justify">Kang also highlights the previous market cycle, characterized by frequent liquidations of leveraged positions. He reminds investors that these events often resulted in 30-60% drops, collectively wiping out hundreds of billions of dollars from the market, and warns investors.</p> 
<p style="text-align: justify">Kang’s statement that different market cycles bring different paradigms is noteworthy. According to Kang, the moment investors become too relaxed and start believing that major corrections are impossible is usually when disaster strikes.</p> 
<p style="text-align: justify">Despite his bearish outlook, Kang clarified that his message was not a directive to short the market or liquidate all assets. Instead, he advised investors to be cautious about the risks they are exposed to. He emphasizes not putting everything into a single trade, as an unexpected market move could result in significant losses. Finally, Kang’s assertion that having capital, or being in cash, before rebounds is very valuable is already a reality in the cryptocurrency market.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/andrew-kang-shares-insights-on-bitcoin-price-drop/" data-wpel-link="internal">Andrew Kang Shares Insights on Bitcoin Price Drop</a></h5>

Andrew Kang Shares Insights on Bitcoin Price Drop

目次

COINTURK NEWS

2024年6月24日公開の他の記事

Softbank CEO Predicts AI Will Be 10,000 Times Smarter Than Humans by 2035

Tether to decommission USDT on Algorand and EOS

Spot Ethereum ETFs Gun For Summer Launch From SEC, Crypto Experts Pick Two Winners Seeing FOMO

This Meme Coin Is Set to Challenge Shiba Inu, Dogecoin, BONK, and Other Dog-Themed Meme Coins’ Do...

MoonBag Presale Mooning: $2.9 Mn Crossed, Rocketing into Stage 6 - Slothana and Cardano Fail to C...

Pompliano Says AI Hype Diverts Focus from Bitcoin

ニュースレターを購読して暗号資産の最新情報を毎日入手！