For those who are in the crypto market for several years will know this for sure that the current market position is not permanent. About 3 days back my entire crypto portfolio dropped by 25 percent. This is a huge change and especially people like me have all the eggs in the same basket which is Hive and when the price of Hive dropped, it created a slight jerk in my mind because I have made a heavy investment here without even thinking about any plan B.
Even though I know that down trend in the market and up trend in the market is good for the market, it is hard to convince my mind because right now the trend is very low. The biggest problem is when we are in a situation explaining things to people. I invited some of my friends to the crypto world and I even made them invest. After the recent crash, I find it hard to explain this to people. Even though I tell them that this is a normal thing in the crypto world, they are not convinced and they started asking me when will be the next best time to quit or take their investments out.
The crypto situation is not very stable right now and it is very hard to predict what is happening in the market and I don't even know how long it can take to make the market recover. People who are not following the market very well find it very hard to accept this. I have seen a similar down trend in the olden days too but something makes me feel that this is different. The reason is because during the old down trend, even BTC would go down and recover back but this time BTC is constantly increasing but the alt coins are struggling too much.
The positive vibes are always there hoping that we have seen price drop two times in the past and I have even seen the price going down below 10 cents and stay at 11 cents for a very long time. Even now we just need the patience to wait and watch the market gradually increasing. There should be some FOMO that should take care of this. Play 2 Earn games created a trend and huge demand for NFTs. We need similar use cases in the crypto world that can hold the price together. Let's wait and watch.
If you like what I'm doing on Hive, you can vote me as a witness with the links below.
 |
 |
 |
Posted Using INLEO
