Crypto for the strong

[tykee]

It is boring to check the coin market now. I just wish I wake up one morning and see some encouragement in it. When it was close to 60k, my ex-boss invested a lot of money in BTC. I just imagine what the wallet will read now.

However, I think most people are trading with the wrong metrics. I try not to FOMO when I see the price of an asset going up. In fact, when Doge was $0.30 in 2021, I stopped buying it. Seeing BTC within this current price is a grand chance for anyone that can invest for a long time. BTC went up to 19k in 2017 and dropped back to 3k. BTC went over 60k in 2021 and dropped below 20k. The next BTC run will be crazy. We should expect BTC over 100k in the next BULL.

But in these, Hive seems to be really strong. Hive stayed in the $0.30s when BTC was below 20k. I thought it would be in 20cent or even less. It is really time projects start depending on themselves. I just want to see when the BTC will fall and other assets will remain firm.

I made a post about how I invested in some tokens and everything has been on the good side despite the unstable market but it was as if the market was waiting for me to make the post, few hours after the post went live last week, the market dwindle and I was dumb. The free fall caused a lot of panic sales, that I had to convert some assets to stable coins. The painful part is that I have some assets I kept for sale to make some important payments this month and next month but everything seems to reduce by over 50%.

We all know we are hanging on volatility. When the market is green and you are on the good profit side, always remove some profits. Crypto is too volatile to invest in 100% of your life, maybe 95% is better but not just 100. My love for crypto remains and I will build on crypto. We all just need to be careful and remain strong in this time of the market.

One love @tykee

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Comments

[chillyanca]

agree, don't always invest 100% of your life in it. now is bullish the next minute bearish.

[mistakili]

The painful part is that I have some assets I kept for sale to make some important payments this month and next month but everything seems to reduce by over 50%.

Same here and I think it’s same for a bunch of people too.

Hopefully most don’t have to sell at a loss. If one can hodl through these down times the Green Day’s will come again

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[tykee]

Green days will surely come. Crypto is just for the strong.

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[rcaine]

Thanks for the info. Hive has held strong in this crazy market.

[chinito]

Yup, I sure wish I had waited until now to invest in all crypto, but its all good. HIVE to the moon! 😁

[nathanmars]

Crypto is too volatile

Crypto taught me how to handle volatility in real life and business. It made me become antifragile.

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[tykee]

Lesson for everyday bro.

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[elyelma]

My advice would be this:

• Buy DCA-ing, do not invest all your capital at once.
• Stablish concise scalable TP levels, so you may take scaled profits and get advantage of the must of the movement.
• Be aware of important zones (SnR zones, SnD zones)
• Always enter the market ONLY when the trade can guarantee a higher profit than the risk you're taking...

...and that leads to the final advice:

• Have clear exit points, and failure confirmations. This way you not only measure the potential loss, but only take loss that can fit within your trading strategy.

Play wise. Educate yourself on how to trade, otherwise you're just gambling. Once you've acquired knowledge and some experience, you may use margin trades, so you can also take advantage on bear movements.

!PIZZA

- EvM

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