Scary Dump Of Altcoins In Crypto Market
This morning the market shocked me because this dump was absolutely unexpected and unpredictable to me. My asset lost value of $150 plus over a night and the total asset value reduction is more than $1k or thousands of dollars this year. Last year I lost $3k dollars and some were recovered. Expecting a magic that can change everything in a positive way. Bitcoin is below $55k and Altcoins dump shocking me.
Some of my crypto market observer friends telling that war in some countries are the reason behind this dump and they have valid point too as many withdrawal request can be found in such tough time. A internal political war also happening in my country but this is not connected to international affairs or finance but it definitely affecting the finance of my country. Crypto market looks scary as my asset value loss causing heart aches. But this is high time to hold patience.
Optimism ($OP) is one of my favorite and I bought it when it was worth $1.80 and I was expecting to see the price value $2 at least but my bad luck! At the beginning of this year optimism worth highest $4.82 and this morning it was worth $1.13 and now you can calculate the loss I've experienced. Around $500 or more lost in last 5-6 months and it was my wrong decisions that cause this loss.
Now my heart is crying because I thought I can recover it asap. My waiting period is extended and luckily I've some money to handle my personal finance for next few months. If things get better than I may recover some losses but this has no guarantee. Investors who was waiting for this dump, I would like to congratulate them because they going to earn big when crypto market will get back to normal and price of each coin will be high.
Right now market observation is my only job in crypto market and next trading may take a lots of time. This is hard to hold patience for the big but at least to avoid loss I need to wait for the price pump. Even my buying price is quite high from the current price of my coin after this dump. The earth seems getting unhealthy and life is getting complicated day by day! When things are not in our hand, better we leave it to the Almighty Allah and I would love to do so.
Thanks For Stopping By!!