What a lovely market with downs and ups, I am really enjoying this carousel.
Yes it is a dangerous game, you buy when is low and sell when is up. Easy in theory, difficult in practice.
I would appreciate hearing your thoughts ; when you buy and when you sell, looks like a pattern, doesn't it ?
Is it a correction or a bear market ?
"What is a 'Correction'
A correction is a reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either."
Read more: Correction https://www.investopedia.com/terms/c/correction.asp
What is a 'Bear Market'
A bear market is a condition in which securities prices fall and widespread pessimism causes the stock market's downward spiral to be self-sustaining. Investors anticipate losses as pessimism and selling increases. Although figures vary, a downturn of 20% or more from a peak in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over a two-month period is considered an entry into a bear market.
Read more: Bear Market https://www.investopedia.com/terms/b/bearmarket.asp
Anyway, today all cryptocurrencies are up and green 20% - 50%, with #Verge 175.66%. Link below but don't forget this price can change minute by minute.
One more thing for you to read.
"Investing in volatile times" From the Merrill Edge Minute e-newsletter.
Remember the big picture.
Re-evaluate your risk tolerance.
Pace yourself.
Stay flexible.
Explore alternative perspectives.
Revisit your portfolio periodically
source: https://www.merrilledge.com/article/investing-in-volatile-times
This is the beginning and you are taking part of it.
What is your #cryptocurrency portfolio? I currently hold #Ethereum and #Bitcoin. I bought also some #Electroneum and I expect the price to rise soon.
This is not a financial advice and I am not an investment adviser. Please never invest more than you can afford to lose. All cryptocurrencies are subject to extreme volatility and risk so if you intend to invest, it is well worth doing your due diligence.
Thank you for reading my post!
Sincerely,
@Rholes
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.investopedia.com/terms/c/correction.asp