Is the bear market getting to you? If your portfolio is anything like mine, you're off 50% (or more) from your all time high.
I'm not panic selling. In fact, I'm looking closely at tokens I've wanted to buy for some time. The general malaise of the market has hit valuations incredibly hard, but for those with cash on hand, this is a blue light special.
If you've been buying beyond your means, however, this bear market is terrifying. You'd know not to do this if you read chapter 5 of my book.
This is a good time for self reflection, and to think long and hard about what you think the future of this space is. Was December an anomaly, or was it a peek at the hype and future of this incredible new asset class?
Whatever you decide, stay within your means so you can sleep at night and ride out these short term drops. This is accumulation time, and after you've been through one or two you'll look back and be happy that you had the opportunity to do some buying.
I know I am.
-Jeff
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I'm with you there. I'm down a bit, but I'd rather wait it out than take a loss and hope that some other coin will come back up. Looking for ways to get into new cryptos while they're on sale. Not sure what the China news is going to do. The market is already down, what happens when China blocks crypto? It's a strange world.
I think the Chinese people are ultimately much more imaginative than the government. They continue to outfox regulations.
I definitely agree! I was a bit worried seeing the market cap at 343 Billion. However, I know that big businesses are making new tokens and this correction will only be for a limited time. When your down all you can do it look up!
I'm agree in 100% the crypto markt will go up just give it a bit of time.
There are a lot of great options to buy now when tbe prices are that low
Agreed! Out of curiosity, which coins would you recommend buying and why? My portfolio currently consists of ETH, XLM, XRB, ADA, and ARK and I'm thinking of adding at least one more coin there.