My Crypto Bleeds That's Much; What Should I Do?
One of the nightmares we faced as crypto bloggers is that one morning we woke up and saw our crypto assets in red color, decreasing the power of our tribe tokens down to dollar less. We never expected that to happen, for most of us don't know how to read and predict the chart of an ongoing high jump or slope down. We are curious about what happened and why my assets are bled that much. We looked around and asked ourselves, and sometimes we blamed why we didn't sell or don't convert something so we could buy at a low price. This happened most of the time, and volatility is always a problem, sometimes friendly as we never expected it would sour high, and somehow comes, the nightmare gets us distressed due to the price drops.
Who doesn't want that we woke up in the morning and be surprised that our crypto turned to 100%, its means it doubled up the price value of our tokens. That's what always my dreams and expectation as I was woke up, but things seemed like not in the mood started last first quarter of this year, we experienced the price going down, and we convinced ourselves to hold. We heard that only the price was decreased, not out-holding token assets. And that was true. 1BCH was still 1BCH even though it was lower than the principal price when we started blogging.
It seems like endless issues in the computer commodity we loved, first the Tera Luna that sped down the price, next just the last few months the controversy of Federal Reserved Vs Computer Technology Commodity, and now the Binance and FTX issues, what shall be the next?
The number one you need to know is what happened. Some are just gossip and controversy; you must know why and why not. The biggest mistake that we have is research when it has been done. We were not that informed about this issue, and then we were surprised that this happened in the crypto spears. It's now late and what we can do is wait until the principal price recovers a little bit.
What are the benefits of the red market?
For some people, the red market is still beneficial as we invest some of our assets to buy some coin acquisitions. The red market gives time for some people who hold more tribe tokens; some will use their money, personal savings (Not recommended), and many more.
In terms of good side writing, this was the best chance to write and earn, as most of us have no principal money to start, it's not a problem for effort pay. As we will be more online and active, thinking this was a one-shot opportunity would be one of the best guides to have more and gain more.
Another benefit is learning from our mistakes; indeed, our errors are realized after the red market.
The disadvantage of the red market.
One of the distresses is that we don't know yet when and where we will be recovering as the news tells nothing if the prices will lead to victory or another sorrow; added that the holidays are waving, and most of us are getting prepared for what will happen.
Others had no choice, and some needed the money ASAP (As Soon As Possible), and they had no choice but to lose the assets thou still at the lowest price they could afford. Sad to think about, but that was happening in reality as we depend on some purchases to save our daily expenses.
Some plans will wait for a while, others had plans to buy this coming holidays as a gift to ourselves, but it feels like it will stay a while a little bit, it will sleep for a while, still dreams of something.
Moreover, others might stress and over-thinking when it will last, as they lose personal money and more. Be mindful and take care of your mental assets. It might cause disturbance and unfocus in our daily lives.
My Crypto Bleeds That's Much; What Should I Do?
This was also a question of mine, what should I do? Of course, one of the best things is to be more active, gain more as the price drops, and have more, convince yourself and don't look at the price. For now, we still have more times to recover. We also learned from the mistake and tried to avoid this in the upcoming days or weeks.
We are all affected by what is happening, we are all in sadness at the moment but don't lose hope, instead make it as motivation, and one of the time to be more grateful.
Thanks for reading...
Kung may pera lang talaga na pambili, dami ko na siguro binili hehe.