No pain no gain.
Crypto isn't meant to be a smooth ride. It's never done what it's meant to and it's never just gone up in the right direction.
That's not how this game works. But it's the pain that keeps you alive. It's how you know that you have a say in the game.
If the crypto markets are dropping 30% in a week and you don't feel a little pain then you don't have enough crypto.
Now don't ever play with more than you can afford to lose but until you see thousands falling off your wallet in a few hours your not living. Tens of thousand should give you an erection and if your in the millions then it probably doesn't even matter to you anymore. It's just numbers.
I know that dropping ten grand in a day seems like the worst thing in the world and if it's all you have then it would be but if your portfolio can drop that much it can gain just as much on the way back up.
It doesn't take much to reverse these crazy drops and we see crazy gains but if you don't feel the pain now then you won't enjoy a win later down the line.
Plus, sideways is boring anyway.
If we wanted sideways we would put our money in a 3% savings account and feel nothing. But that's not living.
That's not getting in the game and trying to change your life.
A lot of us have been through this many times. Most of us regret not taking more profit when we were winning but as long as we don't sell now then we won't lose.
These red markets are just an opportunity to keep adding to our bags and wait for the green weeks.
With Trump in charge who knows what will happen next across stocks and crypto but it will be interesting.
Now if we could just find a way to predict these market moves we would be very rich indeed. Unfortunately I can't and have just been staking and earning to build up those bags for the future.
Posted Using INLEO
I think, sometimes, viewing them as just numbers on a screen helps in dealing with rapid fluctuations. But when the expectations aren't managed well, then we might as well sell low and buy high. The reality is that corrections are part of the process and the best things to do during those moments, is to double down on great projects, provided we have the funds to do so.