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We all witnessed how the value of cryptocurrencies went up. Some of us thought that was it would go to the moon. A lot of reports from random exchangers that a new record history of the value. For the first time, Bitcoin went insane by its value. Many of for sure regretted not bought when the value was still too low. We thought that it was too late for us to HODL because it's impossible to buy it these days. Although not applicable for very rich people I guess.
The unbelievable value of Bitcoin made us believe that it can't go down. However, I think we forgot that there is no definite value for every cryptocurrency. We forgot that the value of it was volatile. No one can predict even though it's visible that it would never change. Digital money can change rapidly its value. We just refused to remember it because we were too focused on how high it was compared to before. Even me that's what I thought but just today upon checking the value of hive. I took my time glancing at the value of all cryptocurrencies. I'm sure you are surprised as well how much dipped it went.
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I am using coingecko's app to track the value. If you can see it clearly it's obvious how's the performance of every crypto. They are all going down except for Dogecoin. Well, I don't know what's with Dogecoin since its action seems abnormal to me from the very beginning it started to pump up. It was so sudden and I will never be surprised if it continues on soaring high.
The question now is, "are still trust the blockchain? Do we still keep on investing despite how much the value of each crypto now? Are we losing our hopes to crypto since it really goes down and down?" Do you think like me that it's perfect to invest these days? Do we think the future is waiting for us in blockchain?
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My answer is a big YES. This is the perfect time to invest because we never know this will be the last time we can experience a dip. I don't know what's going on right now but I'm sure of it that it will never last forever. The value is dipping at the moment but there's no assurance it will keep on. A lot of people are investing in blockchain. People are slowly becoming wise to know more about blockchain. The fiat or inflation thing, they have knowledge how to avoid those nonsense waste of money. Just a little more time and people will fully understand where should their money goes.
It's better to buy or HODL cryptocurrencies these days. It's a sign that blockchain is waiting for those who are waiting to buy as well. Don't get disappointed by those values. Be happy and consider yourself lucky that it goes down. Just keep on buying and wait for a year until it gets double, triple, or even more. It's just a matter of time when the value will be to the moon. Always grab an opportunity or regret it later, it's up to you.
Thank you for reading
d' dreamboy,
@mrnightmare89
Posted Using LeoFinance Beta
I agree. You should savor these dips as buying opportunities for old investments and great entry points for new ones.
Posted Using LeoFinance Beta
Long term thinking is key when it comes to crypto investing
Posted Using LeoFinance Beta