Sometimes such an extensive correction can be avoided from the perspective that the line of resistance is not breached. It's like that line of resistance is a good indicator on how things are playing out and changing. Lines are just indicators. But they can be very helpful in creating a range to see where the support is and where the resistance is.
The same applies in real life.
Our own lives are a form of technical analysis.
It's in having the balls to do our own technical analysis of where we're at without losing our cool about our stats on the chart. It's really ridiculous to go into a panic and or to go into a rush of energy like some sort of energy frenzy because an "event" has now happened.
In many instances, these "events" are necessary to bring to the surface deeper issues that were not being directed effectively. This is a natural play out of strengthening the support and assistance. From a building perspective when you do your technical analysis - you're looking for sound support with solid fundamentals. You also want to be able to very clearly identify the weaknesses, as the "points" of instability.
Same is true for ourselves here as individuals and also the collective here.
It's becoming ever so apparent that each one of us influences the totality of the reality we share here together. To think that it's only some players influencing the space and status of the world is to abdicate our personal standing responsibility as a life force presence here.
In my personal experience it is in these times where things are seemingly at there worst. Like there's been much realized...there's been much reflection....there's been much correction....there's a rebuilding and a reconstruction of sorts. The point of regard I want to highlight here is "self-care" as this is really at the core of everything. This means forgiving and letting go of our inefficiencies, learning and understanding from our weaknesses and turning them into strengths. The forgiveness is a key attribute to actually prevent ourselves from pigeon holing ourselves into a self-perpetuating debt/death spiral of our own debauchery.
Market example would be to react to the event with an intensity of energy - resulting in a consequentially careless playout that now must timeloop and re-test the corrective structure and response as the solution.
It may sound corny....cheesey....but there is a lot of merit and honor in the recognition and regard that,
Changing the world for the betterment of all life, starts with the regard and recognition of ourselves as one and equal with all life here.
It really should be an effortless experience to actually honor and care for ourselves in the best of ways.
I say, "it should be an effortless experience"...because being our best is a natural outflow. Though what i'm recognizing about myself is that I've created hardships at many instances in my living that were really, "temporary road blocks"...where I created an internal/external hardship and effort for myself which got in the way of myself living/expressing myself effortlessly here.
When things are quite effortful it's an indicator of our own deception. Our own deep seeded issues that are getting in the way of our best selves. It's an easy thing to realize. It's an even easier thing to stop and let go of. It's a matter of giving ourselves permission to let go of our weakness. It's a point of responsibility in understanding the nature of thoughts, emotions and feelings....which is indeed a process of introspection.
Steem Thoughts:
Very early in the social experiment. Especially early relative to Bitcoin. There's going to be more bumps and hurdles along the way. Peaks and Valleys for sure. If we look at the history of the timeline of Steem....we can see some massive peaks and valley's. This showcases the massive potential here. It does showcase the early testing phases and maturity development phase too.
Study the history of Steem Market cycles....we will most likely see more peaks and valley's along the process journey here. Study the re-occurring market waves....the same kind of waves pop up everywhere
For the Longer Term Hodl
Try not to concern yourself with the day to day volatility. You're playing the long game. Part of knowing the lng game you are playing is in recognizing, understanding and knowing that everyday volatility is why you took a long position in the first place.
Careful about the short term impulses to move in a different direction. When you start moving too quickly you get into riskier waters where no you are playing a sort of "time trials" kind of game...where you are trying to "time the market"....which can be very lucrative....but can also be very costly.
Make sure to have you plans in check. Long term game plan is good. Within that it should include questioning oneself on shorter term possible "worst case scenarios". With this kind of regard in mind - one can simulate the decision making process and best practiced response ability.
Cheers to an Extraordinary 2018
STEEM ON
Great post.
Trading has taught me so much about myself...who I am at the inner core, my strengths (swing trader), my weaknesses (short term frames). It's taught me to be organize, routine, discipline and to be one with my emotions. Like life, trading is a journey not a destination and if you aren't continuing to learn, they you are dying.
Really like the way you phrased/coined this:
This is not the first time this has happened (btc has dropped by 80% 5 Times in its relatively short history). The main cryptos will recover but hopefully this will have shaken out the weak hands and will kill off many of the useless Alts that offer little benefit.
Well i agree buddy !That is indeed a massive correction but seems like the example you have given related that related to our life is kinda true and to think of that life is as well of ups and down!
We shouldn't get depressed as there will be hard times hold and move forward :)(Edited )
While as for Steem I am in for long term ;)
I think you meant to say:
"Shouldn't" get depressed :)
Cheers Dude!
well yes buddy my mistake !
@worldclassplayer, first of all, i would like to praise your image thumbs up man beautifully describe the current situation of Bitcoin in your own way 👍👍 yup i agreed there are massive peaks and valleys in the way of bitcoin but patience and consistency is the key to stay long. for instance you give the example of real live immensely appreciatable great work
Hey thanks @xawi
Friend, your post is genial, continue with your posts, I give welcome to steemit, you have a good future in this platform, I follow you
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posting very nice friends, i really like posting friends.
Massive correction,correction always good for our life and crypto,this can lead to stable life and earning.
this has to be the biggest correction of all time
actually there's been a few bigger ones!
:)
That's kind of the irony here....this has happened more than once already :)
And I'm sure we will see a few more of these over the next couple of years!
There is no reason to sell now, the crypto world is known for its volatility and corrections can be powerful . Just hodl on and ignore the price. Long term will net us much higher levels in many of these tokens. Many People tend to react on fear. But in my opinion there isn't any danger at the moment. Crypto is so different in some aspects, and we shouldn't jump to conclusion. But just invest the amount we liked to lose. Investing what we can afford and being smart with our investments in crypto.
great information
crypto and life goes hand in hand the same applies quite accurately in both the cases
this is a unique travel place
we are the long term players we need to show the patience