What Are You Planning To Do Now In Crypto?

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Avatar for abdiascash
1 year ago

We have seen the crypto market goes down gradually since BTC's all-time high. Bitcoin price just dropped below 30K now. In spite of having support, if the BTC price remains below 30K, we may see more crashes in the crypto market.

You are in crypto, but never lose money, that's unlikely to happen. Looking at your portfolio gives you a bad feeling. Even though we know the crypto market is highly volatile, it freaks us out when facing the situation.

LUNA got the biggest hit. Once it was traded at over $100, now it is around $1. Being in the top ten cryptos did not help when the price kept falling. It is assumed that high cap top ten are safer to hold. And we usually do not see much risk in holding Stalecoins.

Anyway, if you are in crypto, you have to learn the easy way or the hard way. You will learn something, that's for sure. When it comes to execution, how much you can put your learning into action can make a difference in trading and investing in cryptocurrency.

I think it is better to take a break sometimes, especially when you get emotional or angry, do not make any financial decisions. No matter what happens in the crypto market, you can be here on Hive, hanging out with like-minded people, reading their posts, sharing your thoughts, and moving forward together.

The journey of getting into crypto and slowly building from using the latest technology is not smooth. You may fall down, get hurt, smile, get up, be happy, make friends, help others and grow together.

I'm here for the long term and I'd love to be here with amazing people all over the world. Things are changing pretty quickly and in order to be aware of what's going on, you have to be active. I'm learning and I love it. If you do not know something, you cannot execute that. So my plan is to keep learning so that I can put it into action later.

If the crypto market bounces back, I will look into a trading opportunity. You can still make money doing trading in a downtrend market. You can do that by shorting. It is risky and if you are a professional trader, you can do that.

We may not hear noise in a bear market. You will see amazing people here on Hive showing up everything, hustling, engaging, and moving forward. We will thank ourselves in the future for the action we take consistently. That's what can make a difference in our lives and ensure financial security.

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Avatar for abdiascash
1 year ago

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