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Ask Leo: Can everyone resist hitting the sell button as crypto market crash?

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@twicejoy
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A lot of different activities and operations has taken place in the blockchain especially during the last few weeks as we witness a crash market especially with Bitcoin which goes below 30k and Hive hovering up and down around $0.4. How can I forget a great disaster that happen especially to the LUNA as it was wipe off. It is unbelievable indeed.

How has people being coping?

I have read a lots of post especially on the #leofinance community and many people have share there own opinion about the situation of market and some even predict what may be the outcome. Thou, when an unexpected happened, I believe that it is alright to be panic at first just like me because this is the first time am witnessing such, as I came to realize what crypto is through hive and this is the first time am witnessing the bear market.

I came across @pele23 post which talk about the fact that we should keep calm and keep hodling. I agree with that because that's what I have been doing since, and I have been reading a lot to gain more experience and knowledge about crypto.

@edicted also see this moment as an opportunity to buy the dips

Golden opportunity to capitalize on the fear and buy the dip, even if I have to do it on leverage I don't care. The leverage is just a short term play and I'll probably close the position in around three weeks no matter what happens.

He also talked about doubling curve in play as he narrate some facts about Bitcoin. You can check that here

Some people have seen this market crash as an opportunity to buy just as @pele23 used the opportunity to buy 2000 hive and power it up which he stated in his post here. I believe he has really made a good decision by doing so, because very soon hive will surely boom again. Thou the hive price has improved more than from last week as we see hive hovering around $0.5 this week which shows how strong Hive can be.

Many people have taken the opportunity to buy different tokens especially leo token and power it for curating rewards, even some delegate it out to receive more passive income.

Can everyone resist hitting sale button?

I believe that we are not the same and not everyone has the ability to resist or hodling during the market crashed. Some have made a panic sales simply because they can't calm down their nerves and that's why they have made a costly decision because they thought the situation will last long and keep getting worse. Thou I believe that may be due to lack of experience about how crypto market works.

Positive signs have started to show up just as Bitcoin is now at 30k compare to the last week when it's hovering below and hive also is another thing which has improved from last and now stay at $0.5. I believe that this just a positive starting point as the market started building up again and very soon we will witness something great with the market.

Thanks for visiting my blog and have a wonderful day I really appreciate your upvote and support @twicejoy cares ♥️♥️♥️

Posted Using LeoFinance Beta