Hi,
we have now March, which in terms of crypto is a bearish month. Well, looking at the marketcap charts we see mostly red, which tries to underline the saying.
As we all know, most people in crypto have no patience and panic after a day in red, now we have roundabout a week in red zone.
What is different now from the March in the past, is that people tend to avoid the panic, which shows a little increase in the maturity of the crypto users.
We stopped having the mass panic that was spread in the past dips.
This might be caused also by the massive gains from the past months, where BTC is 15x higher valued. Not bad to have 1500% gain in one year, so I hope that most people will HODL now.
March is the perfect time for HODL, when the markets are in red, HODL will not lose you any money as the token is still there. Selling it at a loss is the moment we lose money, till then is only valuation adaptation.
Will we have a very stormy March with dips of 50%? Probably not, as a lot of liquidity has been taken out of the market by the institutional investors. But if it is happening, the big guys will only buy further.
Yes, they will buy, as the market is cyclic, and they know that it will bounce back to new heights. They know it, we shall know it also.
What to do? Buy and HODL of course. I'm not a financial analyst and this are not financial advices, just plain opinions.
It was the first month since long, where I used FIAT to buy more crypto. I'm short on FIAT, so I try to avoid, spending any of it, but investing is not spending and bought some crypto again, preparing for the discounts we probably will see this month, and this is my preparation for the storm as I see it as a big opportunity.
How do you prepare for the storm? Set sails to get more traction or hide somewhere?
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As you, I am short on fiat too. So, I will unlikely buy the dips. But I will definitely not sell. Not yet.
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Exactly. Not yet, at the right time I will sell some of it, that is for sure-
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I don't plan to buy anymore unless I see a good project. Though buying HIVE using fiat would be interesting, I am playing a challenge with myself by seeing how far I grow this account by myself. I guess you could say I did invest a little bit of Fiat before learning about HIVE and it was for a game called Splinterlands.
For my crypto exchange investments, I look at the risk/reward and in my opinion, I have built my position and I am just waiting for things to play out. I am in the green and eventually I sell part to lock in profits and have a free ride.
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Hi @alexvan
After any storm, calm inevitably comes, the important thing in the current context is to be cautious and be patient when operating without panicking or getting carried away by emotions, from my perspective I think March will be a month of slow and slight movements corrections that will lead us to a big bullish move. This is no time to hide, it is time to get in and capitalize.
Yours, Piotr