Its time to BUIDL not to Panic!
When the market is high and coin prices are doing well that time most of us say that we will when the price is in dips or drop significantly but when it happens then we hardly buy. This is a common phenomenon which and like in the current situation, the fear index is high and because of this people are not willing to buy even though prices are drastically down. To be honest, I don't understand it because if we believe in the project then we must go for it since this is an opportunity for us to grab more and wait for the right time whereas this is the time to buy more because we are going to get more coins for the same price. I remember when the bitcoin price was 50k and above that some of my known people said that they will enter crypto when the price will go down and now the situation is risky for them.
Those who have completed at least 2-3 years in crypto then have seen the same situation for sure and this is not the first time. Even this is not the last time and it will continue to happen from time to time. It's a market and any market can not just go up all the time and it crashes. This is the bitcoin chart there is a big drop in the price and it may drop further. Bitcoin price is dropped by approx 14% and probably the reason behind this drop is inflation in US however this is something not going to last for too long.
It's obvious that the recovery will take time and it's not going to be back to the 50K overnight and for that patience is needed. If we look at the top 10 coin prices then the drop is double-digit except for the stable coins including USDT, USDC, and BUSD, etc because these are stable coins. Ether has gone down by 30% which is big and I see this as an opportunity.
Let's also look at the hive price and it's 0.35$ as of now with a drop of over 7%. Please don't forget that this is the same coin that was almost $3 this year and now it's down by over 80% and I can not say if it will go up or down. If it drops further then I am planning to buy some but this is not my buying range as of now and if it comes in my range of buying then I will bag some tokens and there is nothing to worry about HIVE because we know that this is going to reach back to its normal.
Panic is never going to help instead make a proper strategy and plan at least for 2 years and we can make this much longer then there is nothing to worry but again choosing the right project is important and if we do that then surely it will bring great returns over the time and as always DCA is the best method to follow.
Thank you so much Stay Safe
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