A Stark Reminder That Crypto Is Volatile

in LeoFinance3 months ago

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All over the news today you hear about crypto falling to all new lows and the end of the world is coming (maybe not that extreme but you get the idea) But if you've been in crypto for as long as I have you pretty much know this is normal. At this point in time people are highly panic selling which causes overselling. These same things apply to the stock market.

For some reason when people see a sea of red the SELL, very often times at a loss. Why we as humans do this is that it's just built into our nature and our emotions. The most important thing you can ever do when investing yourself is to keep your emotions in check. You haven't actually LOST anything until you sell it and at that point you pretty much just screwed yourself over.

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Short term trading or day trading is seriously gambling and it's something most people love doing. We gamble and it gives us a rush of emotions the highs and the lows and the thought of that possible big payout.

This is actually what I was warning about for a while and heavily since last week where I predicted bitcoin would fall somewhere between $37,000 - $41,000 and well guess what here we are. (not to toot my own horn lol)

If you seriously step back and watch the markets and know peoples reactions you can almost predict what is going to happen to the markets in the short term. Think about a week ago and how crazy people were getting in terms of investing in random shit coins thinking they where going to make millions over night. When this starts to take place you can bet that the markets about to take a drastic turn soon as the mindset of people has thrown all common sense out the window and are now blindly buying in "hopes" of hitting it big. AKA gambling with your investments.

This is why the HODL gang pays off. You hold your assets you have even during these down turns and what you do is BUY MORE! On the next pump you now accumulated even more assets and your value drastically just increased. It wont happen over night, might not even happen a month from now but long term in most cases you're good to go.

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Now one of the really cool things about LeoFinance and Hive is that you can stack even MORE during these times with little to no cost to you.

Why?

  1. The price is down so you can exchange FIAT to more coin at a higher rate.
  2. The unique thing about Hive and Leo is you can exchange your time and knowledge for coin.
  3. For some reason LESS people write and blog when prices are down. Thus the same amount of Hive gets printed and divided up to less people.

It's a pretty wild thing and again shows us why some people "make it" while others don't. It's exactly times like this where you need to still put in the constant effort you have been when prices where high if not MORE commitment.

This emotion is the same emotion we get from trading. When we see prices fall it demotivates people to not want to comment, post and vote on the network. I know I feel it! It's human nature to feel that. But being able to recognize that and keep that emotion in check is what allows you to progress faster than someone else that lets those emotions get in their way.

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So what's it going to be?

Are you going to keep putting in the time, effort and money during these low points? Or are you going to get all sad about it and leave only to think later wow I really missed out again.

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My think is the price changing does it change the fundamentals of Bitcoin though? Did they atop printing money! Nope nothing has changed in the macro environment so why would Bitcoins overall direction change

Totally agree, nothing has changed if anything the true "value" has gone up as bitcoins been accepted and now bought by thousands of new people and businesses as well as being implemented into those businesses. People react so fast to short term trends. Emotions get the better of people which is understandable we are human.

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In my opinion, I Only stack, wait, stack more, take advantage of the prices, buy a little and then my bag is more like a store of value to me, so it's always a win win because I know that after the dip the rise is inevitable

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You never sell for a profit?

I do, eventually taking advantage of the rise when I see the opportunity

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For some reason LESS people write and blog when prices are down. Thus the same amount of Hive gets printed and divided up to less people.

Shh, stop telling everyone the secrets.

;)

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🤣 bet I wont tell them ever again!

You haven't actually LOST anything until you sell

This is such a key concept and yet a lot of people fail to understand it and succumb to FUD.

I'm in for the long run so I see this is a great opportunity to increase my holdings. I've been slowly adding some BTC, ETH and HIVE tokens because I'm sure they will pay off down the road

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It's shocking the midset on people and why we do what we do. If you just sold for a 50% loss uhhh yeah you shouldn't be investing lol

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At this point in time people are highly panic selling which causes overselling. These same things apply to the stock market.

Yes. this is true.

The most important thing you can ever do when investing in yourself is to keep your emotions in check. You haven't actually LOST anything until you sell it and at that point you pretty much just screwed yourself over.

I agree. By now, we should already learn to have our emotions in check, instead of being afraid and selling ourselves and our tokens short

You are right when you said that the cycle is almost predictable because we know that too much hyping of coins, makes the market turn into what we are seeing today

But then we need to learn to hodl, and buy the dips when the market turns red. This puts us in a good position when the bull comes because we can even choose to sell a bit, waiting for another dip to buy more.

Are you going to keep putting in the time, effort and money during these low points? Or are you going to get all sad about it and leave only to think later wow I really missed out again.

I will take the first option, I can't bear being the groups who took the last option.

Thank you

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Terrible sight going through the market. Will remain doing what I do while taking advantage as i wait for things to adjust right back


Posted via proofofbrain.io

For some reason LESS people write and blog when prices are down. Thus the same amount of Hive gets printed and divided up to less people.

Well its a benefit for all of us here. People need to see this and think more about putting in the work now so its worth more in the future. Is there a huge correlation between the two? I think we were trying to figure out why people were coming to show up at the @leomarkettallk post to comment as often.

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I am feeling it, good words!

I have nowhere to rush. I am staying at HODL. In addition, using the sale, I significantly replenished my cryptocurrency reserves.

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