As I watch all the red ink flowing all over the place — and I'm not just talking about the Cryptosphere here, I'm talking about the legacy financial markets, as well — I'm reminding myself that this is probably a really good time to not panic!

Putting on my best "Don't Panic!" face

Typically, making trading decisions in the heat of the moment — while running on emotions and adrenaline — is generally not a good strategy!

Historically speaking, I have watched a lot of people sell fundamentally sound assets near the bottom and then turn right around and try to catch the reversal on the way up after they've already left money on the table.

The thing is — as I'm sure lots and lots of people have already said — ”this” has already happened before and it is bound to happen many times again. But we tend to forget and then we freak out when it does happen...

The view ahead is not clear...

Of course, there are also lots of people who are preaching ”Buy the dip, buy the dip!”

I suppose that's a nice idea if you have lots and lots of capital sitting idle, but many of us are already fully invested so there's nothing to ”buy the dip” WITH. But that's OK!

Instead I try to find the positive nuggets in this situation wherever I can.

For example, temporary meltdowns like the one we're seeing at the moment are good opportunity for content creators. When prices are low, any given dollar's worth of Hive rewards actually results in a greater number of Hive tokens than when prices are high.

Time to chill out...?

And that also serves as an important reminder that becoming discouraged and inactive because the market has dipped is actually not a very good idea. It may feel counterintuitive, but this is the time when we would actually benefit from working harder.

Mostly, though, what I'm primarily focusing on right now is simply ”staying the course.” My overall strategy didn't suddenly become invalidated as a result of the markets making interim lows. Similarly, the end objective I want to reach didn't suddenly change as a result of the markets making interim lows.

It seems to be part of human nature to look at "localized events" and interpret them as if they represent the entire picture. They generally don't.

Best to just sleep on it...

Of course, nothing I am saying here should be interpreted as actual "investment advice!" I'm merely sharing some observations based on the experience of watching markets for many many years.

And with that thoroughly in mind, I'm gonna go back to what I was doing before... because I am still trying to double my LEO token holdings in 2022, and I am still trying to double my POB token holdings in 2022!

Thanks for stopping by and have a great weekend!

=^..^=

CuratorCat 21-JAN-2022

Posted Using LeoFinance ^Beta