Is It Time To Panic Or Time To Buy?
We are in a bear market and the price of crypto is dropping daily.
At the time of me writing this post the price of Bitcoin is about 35k and the price of Hive is about 80 cents. I am sure many people are panicing and selling off their holdings as fast as possible. I would imagine many of these people are the same ones who said they wished they would have bought more when the price was low and now they are bailing out.
I find the markets to be entertaining in that you can never please everyone, they compain the price is dropping but then they complain they didn't get in soon enough.
My thought is to take advantage of the price drop and look at it like cyrpto is on sale right now. I plan on picking up more while the price is low because I know moving forward the price will go back up again.
Cryptocurrency is like a roller coaster, you have ups and downs and it's a crazy ride. I do watch the price quite a bit but not to worry that it is dropping as much as keeping an eye out for when a good time to invest so you can get more for your investment.
Trust me I like the look of my wallet when the price is up but instead of complaining when it drops I look at it as an opportunity to grow my holdings. I believe it is always good to stay positive the market is going to do what it does and stressing will not change it. Now is probably a good time to buy and not panic but this is not financial advice.
https://twitter.com/maddogmike/status/1485022677337268224
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
I’m buying!!
That is my thought also, take advantage of the price drop.
I got on coingecko and saw a sea of red. So I went and bought more while in the dip.
I haven't bought any yet but I have been trading my HBD while the price is low.
Bro, I'm actually smiling lol
Price of Hive goes down, just means more Hive for the people staying active and producing every day.
Price will stress ya out, I'll never understand why people are so hung up on price...Especially the BTC maxis lol
I agree, for me I like seeing the price go down so I can get more of it.
I would have loved for the price to be where it is now last week when I bought all the LISTNERDS lol
It's time to go hunting for the best prices.
For sure, it's like a huge sale on crypto. lol
I plan on accumulating as much as my funds will allow during this downturn. There are always twists and turns/ups and downs along the way. The key is to stay calm while everyone else around you runs around like a chicken with their head cut off. I clicked over from listnerds so your emails are being received and upvoted over there. Take care.
!PIZZA
!Hivebits
I am the same, I really wish I had more to spend right now before the price goes back up again. But I have been trading my HBD while the price is low.
PIZZA Holders sent $PIZZA tips in this post's comments:
@darmst5339(2/5) tipped @maddogmike (x1)
Please vote for pizza.witness!
Great post Mike!
Thanks
great to see that you are still relaxed and for more that price is going up back again, what a roller coaster, the best thing to do for me is buy the dip and enjoy the ride 😍
Exactly, now is the time to invest if you ask me, get it while its cheap. lol
It is never time to panic, always think about your decision. What do you think is going to happen and act accordingly
I am going to use this dip in the prices to by more crypto, i just need to get some FIAT converted to crypto.
Buying in the dip is a great way to profit. If a person believes in the investment then buying in the dip is exactly what Warren Buffet does.
The dip is just a way to get more hive whether earned or purchased the price is right and starting to crawl back up.
That's exaclty my thought, why not buy when you can get more for your money instead of complaining the price is dropping. I don't really understand the trading mind set.
Neither do I especially when one of the most famous traders in the world does not have that mindset.