Cryptocurrency: It Is Volatile So Expect It

▶️ Watch on 3Speak


We saw a big move (down) in cryptocurrency this weekend. It is something that caught many off guard. According to the post of some, it really rattled newer people.

In this video I discuss how we should expect moves like this. It is a part of cryptocurrency and something we either accept, or leave. The market can make 10% or 20% moves very rapidly. For this reason, I tend to view things long term.


▶️ 3Speak

Sort:  

Yea the volatility was expected but I wonder how many people will still have diamond hands if that prediction of 60% drop occurs.

Posted Using LeoFinance Beta

That is a rough one but certainly not uncharacteristic for Bitcoin and crypto.

It will likely happen at some point.

Just keep stacking is my answer.

Posted Using LeoFinance Beta

It was a good chance to buy the dip!

Posted Using LeoFinance Beta

For those with the long term view, that is the case.

Posted Using LeoFinance Beta

This market will have many more like this one on the way up. DOGE is at the moment showing the way. Looking at its chart I realize my portfolio hasn't gotten parabolic yet.

Posted Using LeoFinance Beta

LOL that is true. Anyone holding things other than that have only had mild gains.

The bull run is far from over in my opinion. Too much going on right now.

Posted Using LeoFinance Beta

I mean it wouldn't be crypto if there wouldn't be any crazy swings, it's like complaining the weather is unpredictable :)

Posted Using LeoFinance Beta

LOL true on that.

Yet there were a bunch of people commenting about how they were feeling very down because of the pullback.

Newer people most likely.

Posted Using LeoFinance Beta

For this reason I have learned some lessons:

  • Don't invest more than you are willing to loss
  • Keep at least 50% USDT in your wallet
  • Set a target and never sell with loss
  • Finally Patience and Patience

Posted Using LeoFinance Beta

3Speak down again, perhaps I'lll try again later. But I get the gist… one needs to ride that crypto wave! ;)

Posted Using LeoFinance Beta

They said it was up on their discord...as of an hour ago. I havent checked though.

Posted Using LeoFinance Beta

Congratulations @taskmaster4450le! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You got more than 18500 replies.
Your next target is to reach 19000 replies.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

Hive Tour Update - Governance
Support the HiveBuzz project. Vote for our proposal!

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 53 of my contest just started...you can now check the winners of the previous week!
2