Satang forum shows clip market volatile due to panic pressure Both the stablecoin crisis UST and LUNA, the DeFi and stablecoin, especially the FED, may be in a bear market for at least 1 to 2 months. Recommend investment wisely
Pramin Insom, founder of Satang, a digital asset and blockchain business service provider, said the crypto market is now in a real bear market. which signaled since the beginning of the year During this past week The bitcoin price dropped below 1 million baht was due to panic market pressure. Both the stablecoin crisis UST and LUNA caused DeFi and stablecoin coins, among others, to be sold out. What’s even more pressing is that the Fed will have to raise interest rates more aggressively. This was because the Consumer Price Index (CPI: Consumer price index, which is used to calculate inflation) accelerated 8.3 percent in April. It is 8.1 percent more than expected and close to its highest level in more than 40 years, with the Fed and its fight against the inflation crisis lingering for at least three to four months from now, putting pressure on crypto. Lawrence can still go down to the lower level test.
“Technically, Bitcoin and other altcoins are in a downtrend and it won’t finish in 1 to 2 weeks, it might last at least 1 to 2 months. The price of bitcoin could move in a wide range between $32,000 and $25,000 in the coming weeks. I would like to remind traders not to use emotions in trading now, be mindful and manage your finances well.”
Sarun Siripannon, CEO of Satang Corporation, reiterated that it may be difficult to find out what coins or assets are safe-haven at this time. Of course, when the Fed raises interest rates to get rid of inflation. It will make risky assets such as stocks, gold, crypto, in a state of pressure, that is, not going up or down again in the last 4-5 months and when almost all assets are sold. (Except oil and gas, which has been rising during this 1-2 months) money will flow back to the US Dollar again because the USD appreciation means that there are no other assets that are attractive to invest.
In this regard, I would like to leave you an idea that before investing, you should ask yourself 2 questions: 1) How much will the investment asset go down (maximum drawdown) 2) How long will it take for that asset to start coming back? significantly recovered Most people tend to think only about point 1, but forget to ask number 2 about the timing of holding assets during the downtrend. until returning to the uptrend as a profit Remember that timing is important. That means the cost of gaining or losing the opportunity arises. So don’t hold 100 percent of your assets, don’t invest in one asset class. Should have cash as assets during this period have the opportunity to fluctuate in prices. Don’t try to create more debt. Absolutely should not borrow money to invest.
“Digital assets are high-risk assets. should study to understand Trade with fundamental insights and study insights to hedge your risk. The important thing is to use consciousness and discretion in investing. And will trade safely through a trading platform that has received a license from the digital asset exchange center from the SEC, such as Satang Pro, which focuses on developing a stable, fast system, as well as maintaining the security standards of customer data and assets as a top priority. one”