The Big Dip and Feeling Broke.. But We Aren't.
Bittrex 1 day BTC/USD Chart
WHAT IS HAPPENING IN CRYPTO RIGHT NOW?
Well, we love cryptocurrency because it is volatile, and almost anything you are in right now has taken a hit. (If I'm wrong correct me in the comments) Everything I have has taken a hit, some worse than others.
I look at the charts and balances and think, I've lost, but really I haven't bought BTC with cash since since about $5000, but some of my gains are most certainly being consolidated. Our income in Fiat took a huge hit when Joe got sick, but fortunately we don't hold any debt, so we've been able to float through it okay.
I'm in a lucky position that I don't need this money for now, but it has certainly gone against the narrative of the 4 year super cycle I have been subscribing to.
I don't know if the bullseason is over, but it certainly had gotten weird, with everyone making tokens and suddenly getting huge returns. While I avoid a lot of day trading, I have some gambles out there as well.
Some people in crypto opt to try for "No Feelings". I feel the moves, I just don't allow myself to make emotional moves. Feelings can't be controlled only denied, but actions can be controlled.
I'm HODLing, I'm watching, I can't believe all the FUD. There certainly seems to be a lack of buyers for now.
GUESSING
If I had to guess I would say we take a solid break of consolidation here, probably more dip, but recover in a month or two. The market needed to cool off a bit.
When the market gets rocky go back to solid investments. For me that means, Bitcoin, ETH, BNB and CUB, I think I will getting out of most of my shiny high risk gambles. I will hold my exchange tokens and projects like Hive that have potential for some returns even in a bear market.
For now though while I am feeling some fear, it's time for no action.
I'm not a trader really, but sometimes I buy into various projects for fun.
I had no plans to use my crypto for now anyway.
How are you holding up? What are your thoughts on what is next.
By the way, this is exactly why I still Hive, it's about the community.
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