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Should I Dump My Crypto Holdings Assuming Major War in the Middle East?

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by COINS NEWS 78 Views

Hey everyone,I'm in a tough spot and really need some advice. My crypto portfolio is currently down about 30%, which translates to roughly a $3,000 loss. Most of my holdings are in Ethereum, with around 30% in altcoins.Hypothetically, I have special intel suggesting that Iran and its proxies might launch a major attack on Israel soon. This intel leads me to believe that the potential conflict could be much worse than the attack on April 14th, which had a significant impact on the crypto market, causing Bitcoin to drop to around $56k. I'm contemplating my options:

Sell Now: Should I sell my crypto holdings now to avoid further losses? This would allow me to potentially rebuy at lower prices once the market stabilizes.

Short the Market: Is it a good idea to short the market based on this hypothetical intel? This could be a way to profit from the expected downturn.

Hold On: Should I just hold on to my current positions and ride out the potential storm? This would mean enduring the current losses with the hope of a market recovery in the future.

I’m really confident in my bet, but I’m also aware that market predictions are never certain. I'm looking for insights and advice from the community on how to best navigate this situation. What do you all think? Any suggestions on the best course of action?Thanks in advance for your help

submitted by /u/ezio313
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