This is why I say the markets will always market irrespective of anyone’s feelings, best thing to do is to detach ones emotions from price actions . We saw the price of Bitcoin reach an ATH of $68.7k between October and November, before then, Bitcoin led the bull run and pushed into $60k range at the beginning of the year, charging the lurking bull.
Layer 2 scaling solutions followed the run right after. Then the China ban happened following Elon Musks energy drama then the market went into some correction, lost 70% and fought through the year for Bitcoin to make new ATH at the end of the year. Also inbetween, a lot of Alts had amazing runs,
Hive started the year at lows of $0.15 and made new ATH at $3.4, while we all agree that Hive is technically worth more, a move from $0.15 - 3 in a space of about 8 months is nothing short of incredible.
Notwithstanding, we saw a lot of coins perform more, like LUNA which was barely worth $10 at the beginning of the year and made new ATH at over $100 at the end of the year. Not to mention the NFT boom and how much in millions of dollars were being moved around. Not to mention the millions of dollars that were stolen through hacks.
Kazakhstan Internet shutdown
2021 was certainly a bullish year for crypto by all ramifications. Most of us can almost vividly explain what caused major dips along the way. Today, things are a bit different. Understandably, the markets will market, but when such sharp price actions occur such as a sharp spike or dump, one must have to wonder about a possible cause, sometimes just for recognition.
Many are saying it is due to the internet shutdown in Kazakhstan, how much of truth it is is yet to be known. Is 2022 going to be a year long correction? No one knows and very few people can only get so close to the answer. We pray for peace in Kazakhstan 🤲
Bitcoins dump over the past couple of days has taken most of the markets right down with it, at this point, I’m pretty sure just one question is on most peoples minds. And that’s, how low can we actually go?!
Are you buying the dips though? Personally, not yet, I’ll jump in when the market is extremely fearful. My plan is to buy 100$ worth of Hive at 1$ Per hive. $100 worth of Luna at $30 per Luna. If Hive drops further to 0.5$ I’ll be ready to pick up some again and if we go lower than 0.3$ I’ll be putting a lot of my stable savings into it.
What about you?
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I had to discipline myself to stop checking price action of BTC on binance because it got to one point I just can't stay 5mins without checking the price action, even without holding any BTC I know it will affect other alts too in the process. I finally found peace when I stopped looking , sometimes I don't even know where hive is until I read in someone's post.
I guess no one can really answer this but I'm sure hive is ready for whatever happens.
Reason for the dip is not just one factor from where I see it and I'm positive we'll survive at the end of the day.
Have a beautiful weekend
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Checking the price in a dip is only cool when one plans to buy or sell, besides these, it’s better to look away.
I remember those who ate up the dips most in 2019 had the best year in 2021. For many people, these dips are opportunities.
We will definitely survive.
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I guess I learned that the hard way 😆, I'm too emotional for this sh*t sometimes.
The 2019 dip was crazy, I don't think I can buy dips ATM because I don't have the funds to spare but I definitely will in the future when I save up some buy the dip funds
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I used most part of the last quarter to save. I’m waiting for cheaper prices so I could buy a ton.
Anyhow. Hopefully the bear doesn’t drag on for too long
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Anyhow. Hopefully the bear doesn’t drag on for too long
I hope so.
I will try the saving habit too and see how far I can go, thanks for the tip
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yep, you hit it... Taking emotions out the game will be the first step in succeeding in these wild markets for sure! Good post
Appreciate
The market is about to test the brave hearted. It’s going to be a long ride down the bear slope, just hold on to your seat belt
The market is training noobs to become diamond hands. Hopefully in the near future. We will have more diamond hands than feather ones.
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For anybody in crypto, to find peace you just have to stay away from the market. Presently TA seem difficult to guess right the outcome of the market and I don’t think altcoin season till even possible. Not buying stables now, my eyes is not splinterland pack
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I love the beginning of this post. "markets will always market irrespective of anyone’s feelings, best thing to do is to detach ones emotions from price actions ."
I was ones so emotional to Price action, but now am becoming a better crypto trader, I now prefer long term investment.
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