My sentiments on the market

in #cryptocurrency8 days ago

It's been a long time that I have expressed my sentiments on the crypto market. It all feels so uncertain with the crypto market right now. Just when you feel the market is moving up and in a good positive direction, there is another slump. It feels like it's taking forever for the market to move up. Though everyone keeps saying it's about time for the rally, but it does not seem that way from the dips that are happening.

Solana is having major fluctuations, from 245 it's again dropped down to 205. I have done some investments in Solana and so eagerly looking forward to the take off but it is stuck. Cardano is still holding up and not seen a major dip, but you never know in the next few days what will happen with it. These are the 2 coins that I look forward to pumping up. It's been a long wait for me in this market and I sincerely hope that it's time now that there is a positive growth.

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As such if we see, there has been a good growth in the market, but personal profits all depends on our individual entry points. I did not buy Solana when it was 3 or 20$, I bought it much later, so I am waiting for decent profits to be leveraged else it makes no sense. The market has grown so much and so many new alt coins are coming out almost every day, that now seeing that exponential growth in alt coins price may just be a dream. In 2020 price of BTC was 9K and now at 110K plus, which is 10 times growth which no other investment will give in a period of 5 years, that is provided if you have bought in 2020. If you have bought it at 70K in 2021 then it would not be much of a gain.

With the big corps getting into crypto and manipulating it so much all the more it's becoming difficult to gain. When the market moves up, I am trying not to feel too excited, because till it does not reach to a level where I can achieve my goal, it's all very unpredictable. My goals are very realistic and I am not expecting something too high, but it should just be sufficient. As of now I feel that this bull run has not given it's full potential so I do not wish to be in hurry also. I am only hoping and hoping positively that the market will move up and that exponential rally will come soon.

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You know sometimes things do happen when we least expected it, just keep hope alive, with time it will increase

You are right my dear, after all hope is what keeps us living

Yeah 🥰

The volatility has become more unpredictable now with big corps entering the space. Every one is expecting a big move up but we keep getting this unexpected and sudden crashes, so much so that I think many are beginning to lose hope of what this space can do for them. Being realistic is a right way to go at this point in time, wait and see how price moves up and down while having exit points in mind.

I guess in the years to come, the bull runs will not even be that lucrative as they were in the previous cycles, the profits will be much lesser.

Indeed. Market structure has changed. The good part is growing steadily without much heavy drawdowns is possible now.

Hang in there! Solana's dips are tough, but the rally will come. Patience, fellow racer! 🐎💰

Yes, I am and also being positive about the rally

Hola muy interesante tu resumen, yo tenía solana la cambie por Ethereum, debí esperar un poco pues cuando lo hice estaba en por los 160 un abrazo

I hope the exchange plays favorably for you.

I'm not that experienced with owning crypto, just been a couple of months, I'm now learning that Crypto really tests patience. I hope the cycles play out eventually. Staying realistic like you said is the thing to do, because the hype fades but steady goals are better in the end

Yes, crypto market is all about patience and also the right time when you can make a decision to enter or exit

I know very little about the crypto market, but from everything you have said I would say that you should just hang in there, keep your hope alive while planning your exit. Things might get better you never can tell

Thank you my dear. I am sure in the end it will be all well

Yea, it sure will

I know very little about the crypto market, but from everything you have said I would say that you should just hang in there, keep your hope alive while planning your exit. Things might get better you never can tell

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That 245 to 205 Solana whipsaw is brutal, especially when your avreage buy is later and you need real gains to make it worth it. Entry point matters more than the hype,, and your plan to wait for your goal before getting excited is solid. I treat these swings like budget variance, cut risk, add only on strength, and avoid chasing bu;ll spikes. Feels like the market is doing pushups on our nerves but steady steps beat FOMO :)

It is all about when you have got into the market. It may still not be too late, but there surely will be a time when it will be too late to enter

True, time in the market is the edge. Entries matters more than targets, so I map my adds only on strength and and I keep cash for the chop. For SOL I dont chase after big green days and for ADA I prefer slow DCA while it holds key levels. If we get that final blow off later, I’d rather protect gains than be the last buyer :)

True, I also prefer to follow this strategy.

Same here, sticking to plan beats FOMO. I keep a cash buffer, add only on strength, trim into spikes so the next add is not chasing, ADA stays a slow DCA, and SOL alrets sit for 205 reload and 230 break. That’s defintely kept things calm, if we get the sustained leg great, if not the budget variance stays in check and your not wrecked :)