Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021. Full article here.
What do you think is the best move if you have any crypto in your game accounts? Should you wait or cash out?
For me, it would depend on how much crypto I had in my casino account. If it was a small amount then I would probably just gamble it to see what happens. For a large amount I would check the price charts for the crypto. Today, Ethereum has recovered well from its significant tumble. BTC seems to be up at the moment as well.
These days I use stable coins such as Tether and USDT which are pegged to the dollar.
Cryptocurrencies reeled from a bout of risk aversion in global markets on Monday, at one point sending Bitcoin down more than 16% and saddling second-ranked Ether with the steepest fall since 2021. Full article here.
What do you think is the best move if you have any crypto in your game accounts? Should you wait or cash out?
HODL HODL HODL 🤣 🤣
I expect crypto to fall another 30-40% in the coming weeks so better sell now. Markets are going down and this will probably continue until the end of year. And it looks problems are also coming from the east. Check this article about Japan - https://edition.cnn.com/2024/08/04/business/japan-nikkei-stock-rout-intl-hnk/index.html
Hungry for knowledge 🧐
@dany I would probably spend my crypto from my casino accounts as long as they are not a major amount. Similar to the stock market there are inevitable price drops, but nothing to be worried about, IMO.
With the Japanese stock market crashing, I see a dominos effect spilling into other stock markets. It's time to cash out.
I will wait for the prices to dip and kind of stabilize then buy some assets. Of course fingers crossed hoping they appreciate soonest
this sudden dump was due to the japanese stock market crashing 😭 (their worst since 1987). This triggers fear of recession across the globe. When something like this happens, usually tradfi and hedge fund will get rid all of their risk assets first.. which means bitcoin might be at the edge of a cliff, if u have more money i suggest wait a lil bit to buy at lower prices.
Given the current market conditions, deciding whether to hold or cash out your crypto depends on your individual financial condition and risk management.
Your Holdings: If you have a decent chunk of amount in your accounts, it might be good idea to keep monitoring the market closely and make the decision accordingly.
Market Trends: Historically, crypto markets can recover from massive crashes, though this isn’t guaranteed.
If you dont want to do some much work you can just invest in some stable coins like USDT.
If I had crypto in my game accounts, I’d stay chill. Small amounts? I'd just gamble it. Bigger amounts? Keep an eye on the market crypto usually booms back. Stable coins like USDT, TRON are solid if you want to avoid the crazy ups and downs.
Everyone here is saying to cash out it seems. I thought waiting it out would be more advised but yes makes sense as Japanese stock market crashed and it's being said that US will too soon and we will see drastic falls right now. So scary and confusing tbh
Recently, i was discussing about shifting to crypto, to accept my gains. Somebody had pointed out in that discussion, the volatile nature of crypto. And, here you have it.
