Red markets, downtrend? It would be best to be happy when the price of almost all cryptos is down.

A lot of talk about the current state of the whole market, and people are asking why the price is coming down. Is it because the United States of America government wants to ban cryptos? Is it because of the recent talks about mining in congress? Here and there, but in reality, the reason why is not that important. What matters is what you are doing with your own money, what is under your control. If the whole market comes crashing down to zero, it doesn't matter if you have no stake in it, it is only when you have something to lose or something to gain when you should care about downtrends, and overall price dumps like the one we have seen in the last days, not only for Bitcoin but almost all altcoins.

If you didn't sell, for example, whatever asset you held when the price was adobe $60k and decided not to sell even when the price was around $50k. Why would you sell now? And sell even at the worst position than previous levels? If you didn't sell when you had your chance, now it is too late, and you will have to wait until the market is up to the levels you bought in, and you have to wait as long as it takes because it is not about buying high and selling low. Otherwise, you will be out of money in no time. And if this downtrend lasts months or even until the next halving, you will have to hold or assume your losses, if your portfolio is in red already, like mine is.

Today's market conditions are not about selling in fear; it is about buying; it is about buying cheap. Since almost all crypto assets are down, buying at least another 20% will make sense if you purchased before. And I would assume you would have more cash to buy even more if the price goes down to a level below $30k and $10k. Price comes down, you buy more, at least that is how it should work, and not the other way around, the price dumps, and you sell everything in fear because now it will happen Bitcoin is going to zero and never coming back to previous levels as it has done in the past. I can't say the same for other tokens because some have not to go back to last all-time highs, but if it is blue-chip crypto like Bitcoin Cash, chances are it may go back to previous highs in the next bull run.

Now, not that many have cash at hand to continue buying the dip; many are doing like me holding because they bought at previous levels, and now we are in a red more than 30%. To you and me, I only have one piece of advice if you didn't sell because you think you had a blue-chip token or coins like Sovryn, Bitcoin Cash, Mist, Eben, and others when the price was in green, now you have on choice but to wait it out and hope your investment matures into a blue-chip in the future once the downtrend is done. The market starts to go up again. Pretty much this is the hold mentality doesn't sell even if the price comes down. Many people bought BNB and UNI when it was cheap; as such SmartBCH and RSK both have a chance that one of those dexes tokens makes it to a high position to upset any losses, you may have if you choose the right asset.

Conclusion.

Crypto markets are not for the timid and people who need money today to pay for bills; pretty much, I would say if it goes down, you buy more and more as it goes down. Suppose you purchased a good project and not a meme. In that case, you should be looking forward to buying even at lower prices and start putting some money aside to buy the next price dump by whales and institutional capital that is not smart enough to hold good projects for the next couple of months. Price goes down; you buy more or keep your previous positions, and it is not about the price going down. You sell everything and give it to the rich whale placing a buy order at a discount price at our expense.