AskLeo: How you deal with the current crypto Situation?

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I am really curious to know how each and every single one of you is dealing with the current crypto dump. The truth is that even though some people try to act cool, most of the crypto portfolios are down x2-3 times including mine.

This started because of your "hero" Elon Musk and his announcement regarding Tesla no accepting bitcoin and that also bitcoin is bad for the environment which was heavily countered by many people.

Then we have China doing their usual stuff and announcements making everyone fear the future of crypto even more. In fact, we as people only think short-term in basically everything. Thus, we tend to ignore the history of bitcoin and the crypto market and we act in panic.

We get so much in a panic state that we only read the "bad" things or those things that will increase our fears and then of course the next move is to panic-sell. Most of us that have been in cryptos for a couple of years not only know these but also fell victims to it.

Now we are more composed and act tougher but the thing is now more than ever we got so many people involved around cryptos and that means that numbers of people selling in panic mode will increase as well.

I have been in many telegram channels as well as discord ones and i am actually seeing this happening each day. People start selling just to make some bucks back because they think they lost everything.

They are so damn desperate that they are willing to pay for example enormous fees on uniswap and other eth-based platforms to just cash out 20$. Talk about fear right? Not only that but the worst thing is that after they do all that they keep on saying that cryptos are a scam.

So to answer the question myself, i am actually pretty ok with this situation and i actually mean that i don't fear of losing my money and stuff. I consider this as a temporary state in which we gonna witness a rise in crypto prices again. When? i don't know, i would be rich if i knew this kind of stuff.

In fact, i was trying to buy even though i don't have much to invest in. I bought around 50 LEO which ofc i powered up as i consider 20 cents is quite cheap for something that reached $1+. I have around 30$ HBD to invest as well and i am currently thinking of how and where as well.

Ahh also something else i wanted to talk about the current situation which annoys me a bit is the activity i see on Leo. I see a lot of people that shilled leo to have stopped either completely or partly creating content and stuff because they discovered other tokens that worth more at the current moment like pob for example.

That annoys me a lot especially as i said when you shill a coin because that shows a lack of loyalty. I get that some may have other things to do right now like me that i will join the army in a couple of days but you know what i mean ;)


What Do You Think?


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4 comments
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It feels strange to see them all in red... I only have funds in crypto that I could tolerate to lose, but given the time and effort put in, it would be nice it it "pays off". I think it won't last for too long, there will be better times.

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i think eventually it will pay off. Also, you need to have a plan on when you will cash out. It's ok to hold and hold but sometimes inevitably we all need to cash out, we can't hold forever :P except if we pay with cryptos directly

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All I see are opportunities buddy I also have some hbd for safekeeping, but safekeeping hasn’t helped so far, I’m sure I will soon dump them in some nice coins, if Leo and hive go lower than I expect, then that’s where they’ll go to. Kindly check out my last post about my perspective on the dump and perhaps the one after and the one after 😁😁😁cheers

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