Hey Everyone,
After Luna melted down last week and everyone was terrified about how low the markets would go things are stabilizing some. I'm not saying the entire Market turns around now, and there might still be more downside, but I'm not really expecting to see another violent drop.
The fear/greed ratio has gone from 8 to 14, and it's been widely reported that the Luna Team sold 80k Bitcoin attempting to bail out UST. However, I didn't really see anyone verify that.
So, here we are after the dump and the fear is starting to subside, what happens next? Almost all the reports I've read have been to the bear side and more down is in store.
I say it all the time, I'm more of a holder than a trader, but I did move a little into USD as a protection against the bear.
With all that being said, we are seeing a lot of Global Bitcoin Adoption and I still strongly believe that Bitcoin and some of the stronger cryptos such as ETH, Hive, and some others that actually have some adoption and a use case will fully come back and experience higher lows than the last cycle.
All finances have cycles and lows and highs, but in the end it is the volatility that keeps it fun and interesting.
This is a great time to build your stake and also support your favorite projects.
It's also a good time to re-evaluate your bags and see what you want to keep.
I have no special skills or knowledge about the future of crypto and Bitcoin, so this post is more of a report from a perspective than anything you should allow to influence your crypto activities
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Whenever I see such extreme fear, that to me is a more reliable buying indicator.
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The masses are usually wrong. This is something we see no matter what the market or asset.
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Yeah, that's why moving against the crowd is a good move
I also think of it that way, buy when others are scared to. Just picked up some more Leo today
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I’ll still be in disbelief if the four year cycle plays out fully. But I guess that’s the point right? They want me to sell.
They want to shake out the weak hands.
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And that's always when I kick myself for having no cash reserves to buy!
Strong communities are made of the strong!
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I don't know but there is a lot of bitcoin use adoption happening globally, and the market just absorbed 80k Bitcoin were sold, so the whole bear season isn't down either, it bounces around, usually the last dump is the most painful before rebuilding again.
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This feels less like 2018 and more like late 2019 into 2020. I doubt we are ready for that big jump right away but I can’t imagine us going much lower with all the adoption going on.
Well remember the path wasn't all up or all down.
And the recovery started in year 3, while I don't know how much faith I have in the four year cycle it was also filled with ups and downs on the way to recovery
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I'm more of a holder as well.
Have this opportunity.I have accumulated 1 Million Starbits in my hive account.
Have a great day.
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I am not selling anything either.
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Cheers fellow Hodler
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Same here, I am also more of a holder than a trader. Only sad I didn’t buy the dip like I wanted to
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The dip might not be done dipping.
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Let’s see how it goes then.
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In which case, the knife keeps falling.
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There are always more dips ahead! lol
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Along with drips.
But then some people cannot help themselves. They are just uptight and stuck in the mud.
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It's never bad to have some cash on hand and LUNA is just a shitshow. With what Do Kwon did, he basically thought selling BTC for UST would save things and it doesn't help that the debt load skyrocketed once the peg broke.
I plan on just holding for now as well.
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Good plan! Spend energy building here, which I know you already do.
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Makes it look even more like a rugpull.
It will be interesting to see what comes out over the next few months.
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Well, even people with special skills on everything crypto had their predictions wrong when they bet BTC to hit 100k last year.
I think I'm more of a holder as well.
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Time is hard to predict. So I dont hold it against people when they miss their forecasts.
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It is, but sure did aggrandize so many things. I think we can only choose to be minimal with these predictions
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HODLERS for the win!
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Did you read that on a bumper sticker? Or a Hallmark card?
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Twitter, dang it.. exposed.
I just wish I had more cash to spend on crypto at these juicy prices. Aside from that, HODL on.
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That is always the case. We seem to have more opportunities than we have resources.
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--more month than cash.
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Earn, buy, hold, whatever you can do.
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Sell a kidney.
Only one is required.
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Fear was extreme days ago and I can't deny I felt a bit of it too but then thinking long-term made me relaxed afterwards. And now thinking about who to rob so I could buy more of the coins I'd like to have, lol!
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I also thought I was past reacting to dips, but having feelings isn't a problem. I just don't want to make bad moves due to feelings.
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That's right, doing something that later on would make us regret. That's why it's best to stay active here, lol!
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Feelings arent facts.
If it gets too bad though, Tequila helps with that. Drink enough of it and the crypto markets will be the least of your worried.
For me, there usually was a felony or two do deal with but, hey, if it does kill ya, it makes you stronger.
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Aah, tequila makes me talk a lot, lol! Not taken any sip of it for ages.
Yes, these challenging times are training us to be stronger.
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No Mezcal with the worm in it?
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I've had alot of think and re-evaluation in these past few weeks. Which projects to invest in, their utulity and sustainability. It has been fun so far and I sorta enjoy that than trading. I simply investigate, buy and hold...no stress of if the market crashes more or anything.
I love this no stress plan, that's the way to go
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Bear markets are great for pushing people to reevaluate their positions.
When the tide goes out, we see who is without a bathing suit. The naked asses are all exposed.
This time, LUNA/UST was completely au naturale and people got crushed. Sticking to where the development is helps me out a great deal.
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It sure makes for some interesting times.
Great to see the ones with use cases holding on stronger… in those I believe. Just holding on to them, we will come out stronger on the other end. I am so not selling…
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HODL tight!
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I sure will and try to add when I can 😉
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So is setting your hair on fire not that I would recommend that either.
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Hahaha nope, just grew it back from last time 🤣😂🤣
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Although I bought some today it's definitely possible that there could still be room for downside. Important to note is also the fact that BTC has only gone x3 in 2021 from its 2017 peak thus the correction might also be a bit smoother.
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Agreed and that's a very interesting data point I haven't heard a lot of people talk about
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I try to think outside the box. Sometimes it works sometimes not.
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There is always room to the downside. It is impossible to pick bottoms. That is why it is best to phase in when prices hit your buying levels.
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I know. I also often times compare my strategies feelings and thoughts from now with what I was experiencing in 2018. Some are pretty similar.
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Not getting out of bed for these prices.
lol.. this is what I pictured.
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I pictured something from Dporn but that is just me.
Since this article is PG rated I wont post a pic.
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BEER.Fear seems to be the strongest when markets are bottoming. Could this be the case now?
So we are going to see things settle down if this is correct.
As for Terra, it is providing a lot of entertainment. It is too bad people to crushed by it.
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Yeah, I think it is settling down. I mean I could be wrong, but that's my view.
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Give it a week or two and people will be complaining that things are too boring in the crypto world.
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Haha, you are right, they will.
Meanwhile, staying busy and trying to do some stacking.
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I will have to try that. Great idea. Thanks.
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lol, I bet you will!
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Where do we go to see the Bitcoin Fear and Greed Index? Is there a number for it along with a gauge? I'm just trying to figure out how it's calculated.
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If you are in any discord server with @banjo you can ask him for the current number, with this command $fear
But I think this is what you are actually looking for, which has some explanation of how it is compiled.
https://alternative.me/crypto/fear-and-greed-index/
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The link works better for me; it has what I was looking for. Thank you for the info!
!PIZZA
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And I wonder if there's a way to get the fear off the Crypto investment grid? Does this really happen with fiat money?
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I'm an accumulator generally, and it appears to be a good time to buy - crypto is on sale ! But the volatility is worrying, however, I have confidence in HIVE.
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Hive is a great bear market token as long as you aren't powering down! Build the account and watch it grow when the season changes.
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Good state of the market now post. I plan on holding onto all the crypto I got, at least til december, then I have a rethink on it..
Spot on..
This is what I believe has caused more interest for the cryptos.
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It is a driving force for sure and opposites often compliment.
Happiness and fear
Laughter and tears
There is a ying and yang element
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Lol yeah
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I am sure there will be a rebound, the question is just when??
Unfortunately I don't have extra spare cash lying around to buy more. (I have already bought some, actually before the rock bottom, now I am waiting for the recovery)
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the smart guys (about 30%) are buying right now,another 70% have a fear to buy,indicators show that!
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I took some satoshis out of the 80K BTC sold by LFG 🤑
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I think the other thing that might be affecting the crypto bear market is the war going on, it's just a personal point of view, the time the news says the Russian soilers are still in the fight for Ukraine the market seems to go down and when the other new comes that the opposite is about to happen the market change it's course. Maybe I am overthinking it but it's my observation.
CTP!
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It makes sense to focus upon that which we know is safe. The waters with crypto are filled with alligators. We are often lulled into forgetting that before something blows up.
Then we are reminded of how bad things can go.
It is easy to chase the great returns and forsake all security.
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I think we are excelling. People do not realize how long it takes to build stuff. This is what Hive is doing.
There are no shortcuts but the opportunities are growing exponentially. We just keep forging ahead.
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Nice Ganja! It's a good time to get in
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