Feeling the tremors of the market
The last 2 days have been crazy seeing my portfolio value go down. It was just dropping down in full speed and my heartbeats were skipping. I am sure you all must have also felt the same. This drop was expected and I hope this was the much awaited drop down that everyone has been anticipating a correction of 30% to 40% and not going down any further from here.
Since the time I have started investing in crypto, I have not withdrawn anything much but this cycle I do plan to withdraw as I have some financial goals to meet which I have been always talking about. So I am hoping that in the months to come it will get better and give good returns. From 2017 that I started investing in Cryptos, I have seen many dumps and rises and yes this is normal and part of the cycle. Bull run does not mean it just keeps moving up, on the way there are corrections. But at the same time one needs to have an exit strategy.
I was listening to one of the big time crypto investors and he was mentioning that since the last 10 years that he has been in the market, most of his gains have always been on the screen only and never really had them in his hand. This happens with a lot of us in anticipation of some unrealistic expectations from the market. In the last run everyone was talking that the BTC would hit 100K but it did not. At 67K it started reversing and sooner then we realized we were in the bear market.
This cycle I do not wish to take any chances, because my returning back to India permanently depends all on this cycle. I want to get some money out and my strategy is that when BTC hits 100K I will start selling my altcoins also. Normally the altcoin rallies are after the BTC rally, I would keep a note of that as well. But for sure not be too greedy also, else I am going to miss the bus again which I cannot afford to this time.
Today morning when I woke up I felt a little better looking at the prices of my invested altcoins, they were showing green, though the drop has been so much that it will take some time to recover. Let's hope for the best in this bull run.
Thank you for visiting my blog. 👼🏻👼🏻💖💖🌹🌺🌸
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this year many specialists wait for 100K again
I just hope it gets through, it's not very difficult looking at the current prices
I was about to exchange some coins two days ago and when I checked the rate, it was really bloody…
I couldn’t
I’m glad it is pumping back up gradually again
It's going to take some time for it to start moving up again, so hold on with patience. Yes, but it is also a good time to buy if you have any intentions. For exchange I keep monitoring and then take a decision because even with the market falling sometimes some exchanges are beneficial.
I am hopeful that Bitcoin may come out in the coming days but Bitcoin is stuck in the middle of a war, sometimes it goes up and sometimes it comes down, I don't think that we can see a profit in it soon.
Eventually there is no other way then going up. There is so much profit in BTC, these corrections are just a part of the rise
Having an exit strategy is important with crypto investing, the fluctuations in prices can sometimes trick us into believing that higher prices will last longer than expected or lower prices will not happen anytime soon. I'm also hoping for a good bull run this time around and not make any of the common mistakes that many people make.
True, it is very unpredictable. All predictions are also speculations. In the last cycle everyone was predicting that Hive would go up to 6 to 8 dollars but it ended at 3.5 and that was also a very quick one and then reversed back.
https://twitter.com/lee19389/status/1780216232869839097
#hive #posh
luckily I sold my BCH earlier before it drops again