🟡 The market did not respond much to the news of the war for a while. The drop with the news of the #war was a slight drop..
I was surprised by this issue..
But the impact has started to show now, and the current situation tells you that anything can happen. Bitcoin may drop more.
And its drop drags other currencies down more. But the only important factor is these two words:
✅ "Risk Management"
You must have a plan for the drop scenario and a plan for the rise scenario.
——
📝 What's my plan, Monas? What was (and still is) my plan?
1. Buy during the drop (then) sell after the rise, even if it was (a slight rise).
✅ I have been following this saying for more than 5 years:
(Are you making a profit? Are you satisfied with your profits? Sell.. don't be greedy!)
❌ And stay away from this saying:
(Hold your investment positions, even if it takes you to zero..)
——
2. And more importantly than all this.. (Diversify your investments)..
I buy #gold (and I have talked about this point a lot) since the price of gold was $1600 per ounce. Where is gold now? Thank God, I am very profitable from buying it.
Will I sell #gold? Yes, maybe yes maybe no. Depending on current circumstances. After the news of the closure of the #Strait of #Hormuz by Iran, I expect gold to rise more.