Posts

Confidence when the markets turn.

avatar of @niallon11
25
@niallon11
·
·
0 views
·
2 min read

The sky is falling. Again.




I'm not a person that checks my portfolio often as I am in this for the long haul.

I don't have any buy or sell orders set on the exchanges as i am not trying to trade the markets.

That is a tough game and pretty much impossible to predict.

That is why losing 25% of my paper value this week doesn't bother me.

I'm not selling it.

Instead i am looking to multiply what i have and increase my holding for future gains. I have huge confidence in crypto going forward and took some profits over the past few months while things were better.

I have a little money on the side if i want to reinvest but it's a bit early to see which direction the markets are going in yet.

If we hit a bear market, been there, seen that. I will just ride it out like all of the other dips and increase my holdings.

A couple more years will see me add a lot of hive, cub, leo, BCH, cake ect....
To my portfolio as they are either getting earned or locked up in defi contracts earning interest.

The best way for me to ride out the dips is by increasing my holdings for the next pumps. Some people watch the markets constantly but i feel that is a wasted energy when you could be earning even more or discovering new projects.

Looking at my portfolio from coingecko would just get into my head if i see it falling lower every day so instead i will write a post or play a game to keep increasing what is there.

Long term is always the key message for investment as the markets are so volatile in these early days.

This has been a great year for crypto, development and adoption which gives me a lot of confidence for the future. We are in a much better place than three years ago when we hit the last strong bear market and i think that the next one will be shorter and less painful than the ones before it.

There is more utility to keep the prices up and a lot more stake locked up in defi that will not get dumped.

We have use case this time around and larger investors buying up bitcoin that will jump on some of these dumps.

Multiple factors that should set the base a lot higher than the last time around. I feel.

Now i could be entirely wrong and we see crypto dump 90% of it's gains back down over the next few months but i doubt it. There is an air of expectation in crypto as more developers and more investment moves into the space that we will see the industry grow exponentially over the next few years.

That is where i am placing my bets at least and sticking to the plan.

Posted Using LeoFinance Beta