Avoid Japanese Narrative Coins Until the Announcement
Until Japan’s interest rate matter becomes clear the market will remain volatile. Bitcoin price will go up and down and because of this many other altcoins will also come into this wave.
As crypto investors we should keep an eye on every news, understand the situation and conditions and then make decisions if we want to avoid huge loss.
Even if we want to earn good profit in this bear market. The hot topic right now is the Japanese interest rate which will be announced tomorrow and surely the market will stay very volatile.
So what should we do in this situation? The very easy step is to stay away from all Japanese narrative coins. If you are holding them then temporarily shift into Bitcoin.
All the coins linked to Japan should be sold to avoid huge loss.
I even think that the reason for the price drop of #hive might be this. Because there are many Japanese investors in the hive ecosystem who are working on this platform or who bought a heavy amount.
Because of selling pressure its price has come down. Other Japanese narrative coins are also down. So in this situation stay away from these narrative coins until tomorrow’s picture becomes clear.
We will see…
THANK YOU!
Posted Using INLEO