Holding is key in crpto world

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Hello lovely people of Hive community. Hopefully you will be enjoying good health and spirit. Friends, holding is key during bearish market. Bearing market provides an opportunity to buy at cheap rates. It is important to remember that buying should be carried out in proportion, so, the next time when the market is more down you have something in your wallet to purchase coins at cheap rate.

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Crypto market is moving no where as global crypto market cap failed to surpass $1 Trillion which at one stage was around $3 Trillion. Crypto market is struggling to grow due to global economic crisis, high inflation and high intereste rate also move asset from crypto to fiat.

BTC which at one stage was around $68,000 is trading just around $19,0000. Almost 70% down from its all time high worth. Same is the case with other coins. Majority of coins have dropped more than 50% of their all time high worth.

People who purchase coin at higher price easily fed up with dip in market as a result they sell their coins which eventually created FUD in the market and it further drop coin worth.

Crypto investment is one of the most volatile investment where pump and dump is part and parcel. Holding is key when the market is down. You have no loss unless you sell your coins. If you are holding coins with good used case it will certainly rise again. Never go with loss. Instead of making loss, choose wait and see policy.

Tough time for crypto world but the market is still moving and every day more new coin launch in the market. Time to show patience and wait for the right movement to sell your asset. What is your opinion my friends?

This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.

Posted Using LeoFinance Beta



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2 comments
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If someone told me that btc would one day go as low as 18k I would swear that fellow is lying. Last year I was all pumped up for btc to 100k.

I’ve not lost much hope in btc to 100k though but I still feel like it will take a very long time. What pains me is that most of the altcoins follow suit 😂.

I taught ethereum was kindda different but man I now it’s just the same.

I hope the market gets better soon😁🤞

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Hi
Holding on to the good crypto you have in your portfolio is the best thing that you can do.
Good crypto like good pedigree stocks would eventually rise and go to its true value.
Patience is a virtue in this investment field that is so priceless.

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