AskLeo - Is The Bottom In?
I guess it's about time we call this a bear market in crypto. I have personally refused to believe for good months that $69,000 was the top, but that might be the case after all. Who knows, we might have a smoother bear markets as well, if the top wasn't the usual blow off one we've been accustomed with.
I personally have had a really bad trade today. A matter of fact the trade isn't closed yet, but I doubt the LUNA that I bought a few hours ago will get back to my entry price of $31 any time soon.
What can I say, I'm almost five years in crypto and still a noob... I was looking a few minutes ago on the S&P500 and the chart over there doesn't look good either. That means we haven't decoupled from traditional markets yet, the thing that @taskmaster4450 has underlined in a video yesterday.
Bitcoin is currently a few bucks under $30,000 and it's been quite volatile today, like the rest of the market, and my take is that the whole LUNA situation has had its impact on the price of BTC as well.
From what I read on twitter today it seems that "the man in charge" at Terra has had a closed doors deal with with Blackrock selling some BTC from LUNA's treasury to Blackrock which has than dumped them which has caused the BTC and LUNA dump. I guess the elites wanted to show us how easy going crypto people are and how manipulable the crypto markets are.
The question that bothers my mind now is: have we bottomed? Is $29,000 the new $3k? Well, some part of me wished that this could be true, but I don't believe entirely that we have bottomed yet. We might be in for some more downtrend and the way I see it, the sooner we bleed further, the better.
Now that I fucked up my portfolio in quite a style I guess it would be time I should start building myself a HIVE portfolio. At least this one is a project that I truly believe in and trust. My living depends on this thing and somehow I would need to sell some tokens, but it feels more comforting spending some of my savings for a few months and stacking HIVE rather than cashing them out and wasting "crypto money" on bad trades like I did today.
What do you think, by the way, is the bottom in?
Thanks for attention,
Adrian
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idk if the bottom is in but I decided a week ago that I habe a budget to spend on amd each time it dips further I just buy. I hope we see the bottom begore the gunpowder runs out 😂
Even if you run out before the bottom occurs at least you bought at discounted prices.
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We probably could still see a rough couple of days ahead. Regardless, stacking up on Hive cannot be a bad decision
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What I've been thinking.
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Don't worry, your LUNA doesn't get away from you, it always sits in the sky), its rate will never fall below the measured one.
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Good reminder.
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Don't be angry, I just went out to the balcony before reading your post and saw how beautiful the moon (Luna) is today.
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I'm not angry at all.
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This is good, positive is very important in any situation)
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This might be the bottom but no one can be sure of whatever it'll turn out to be few months from now.
One thing we can be certain about is now is the right time to get more invested with hive.
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So much uncertainty...
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I agree with you friend one must continue to build up and focus on accumulation and building our hive account
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Yes, we must keep showing up during these bear days and grow our bags with cheap hive and leo.
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Better days ahead @marvinix
Does it really matter?
This is one of those times that requires building the portfolio.
You're right. It doesn't really matter
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Just as you have said at this time one must be focus on building and focusing on the future
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Yeah, that would be the deal breaker
Its a matter of time we all need to be patience with the situation of the market 💹 maybe it will be more longer or soonest, all I no is its a matter of time
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Keep building whatever you are in and HIVE is a good idea as you know what it can do for you. LUNA looks like it is toast and I am still holding mine as you never know. $31 is a bit rough however as it is nearly $1 and what about all those that are waiting for their 21 day stake to come available? Been buying and investing in projects that I know and have researched and nothing else. It will get worse to get better and like you the sooner that happens the better. In the meantime we just have to stay busy on Leo and Hive posting, curating and supporting others.
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I don't think it is completely over yet. I was watching a nice video going over everything and I was thinking about whether or not Terra buying a lot of BTC was to force people who criticize it from the BTC side to stop saying things. So I wonder if the sell from Terra happened yet because it could take the market down another leg if it does happen.
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I believe they have sold already
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I think its not yet in but this is a good time to start getting in. Money will never be enough and you will always see more opportunities. The earlier the better that way you can find more opportunities and chance to correct where mistakes are made
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