Ask Leo: How Do You Cope When The Market Is In Red
The market has been in constant red, just when you think it’s getting better, it goes dipper. The dip keeps having a dip, while this is annoying, I can’t help but think about the possibilities found in the market. Our dear Hive has dipped to $0.8 and below which gives people the opportunity to buy more. Well the only way am thinking of coping with the market being in the red zone, is by putting my “buy the dip” money in to use.
I have always said it in previous articles, that leaving some of your money in stable coin is very essential for times like this. Although I was about to use my “buy the dip” money for something personal because I have waited for the dip for so long, it seemed like the dip wasn’t coming any more. But the dip is finally here, so it’s time for some crypto shopping. Currently, some of my best cryptos that are cheaper for me to buy are Hive, Leo, FTT, CRO,CUB & CAKE. These coins are extremely very cheap right now. Seems like this dip is worst than we expected, as everything is going down, the total crypto market cap is $1.62 Trillion. Compared to the $3 Trillion all time high, that’s $1.38 Trillion liquidated.
I’m not going to lie, I never expected this dip, I didn’t see it coming but this is some serious dip, coins and stocks are losing their value really fast. Do the bears have a dedicated group chats were they discourse their future actions because these dips are provocative. But how do I cope with the market being in great red? I guess reducing your chart time is one way to distract yourself from seeing how red the market is. You can finally take a break from constantly checking your chart, if you are long term Hodler, then you shouldn’t be worried.
Some people cope with the red market by reassuring theirselves that patience is the key. They reassure theirselves and reassure others by emphasizing “patience is the key”. Lol, yeah bro we know patience is the key, but the market is dipping. If you want to know how patient a person can be go and ask the XRP Hodlers. They have been hodling for years and the coin hasn’t had a major price spike. But that’s the game, that’s crypto for you, when it’s mooning have it at the back of your mind that it can also dip real good.
This is one of the easiest and best way to make quick cash, buying the dip. The market will always want to make a correction after a massive dip. Buying the HBD dip doesn’t seem like a bad idea right now, HBD has dipped to below $0.9 to $0.89. You know that the HBD value is pegged to the value of Hive because it’s backed by Hive. This means that, when the value of Hive is reducing rapidly like it’s currently doing, we are expected to see the value of HBD do the same. It’s going to have to take some time to be stable, I guess the HBD stabilizer is having a rough time stabilizing HBD with Hive’s volatility at the moment.
If you have a fiat job, this is the only time I envy you because I don’t mind getting an extra fiat to buy the dip. Wish I had a car right now to sell and buy the dip, but sadly, there is no car available to sell, because I see a lot of opportunities in this dip.
Posted Using LeoFinance Beta
