Falling Crypto Prices? We've Seen this all Before – Wash, Rinse, Repeat...

in LeoFinance3 months ago

Let's get this out of the way quickly. Crypto prices are falling right? Been there, done that. Next month I'll celebrate four years on the blockchain, and lemme tell ya, this is nothing new. Relax, we've seen this all before.

Here's what usually happens. As prices continue to fall, the same people that always bail will do so again. They'll stop blogging and announce they are "taking a break" from Hive. Cut and run, you see it from the same people over and over. The place will be in the doldrums with a number of hardy souls hanging around keeping the lights on and stacking value tokens. HOWEVER, as soon as we're out of the wilderness and crypto prices begin appreciating again, the same people who cut and run at the first sign of weakness, will suddenly announce their belated return to Hive/LeoFinance once again.

I've seen this so many times, it doesn't even faze me anymore. So, if you're like me and you've seen these cycles repeat themselves, you know to take a deep breath and just weather the storm. Sooner or later it will expend itself and we'll have laid up provisions (in the form of cheap tokens) so that we can benefit when we come out the other side. What goes up will come down, and what goes down will come up.

Now, let’s not get crazy. If something were to permanently effect the underlying structure of the blockchain and the bottom completely fell out of the market, then it might be cause for concern, but that’s not what’s happening here.

Spin cycle

Is crypto built on a foundation strong enough to survive even the leanest years? I think so, and that's why I plan to remain engaged and keep on stacking. When my funds arrive, I'm going to treat this just like an early Black Friday crypto sale and go on a token buying spree. Picture this as clothes in a washing machine. They've just been washed and are now entering the spin cycle, before they're about to be rinsed. Got it?

Another example of this is that in March 2009, American Express (AXP) stock price was a little over $10. By December of that year, it had crossed $40. Today, it's over $150. So if you had the resolve to buy when everyone else was selling, you would have done very well indeed. Of course you need to do your own due diligence, don't treat any of this as financial advice, but an illustration of what happens in the topsy turvy world of investments.

We'll get through this

New people may of course, panic along with the weak hands. But what I do know is that this technology isn't going away. The utility of the blockchain will continue to provide value and over time, will wriggle it's way into every nook and cranny of our lives. It's that vision that allows me to see the current turbulence as just another bump in the road to be driven over. It may sting for a bit, but after that it'll be smooth sailing until the cycle repeats itself again. So remain calm, deep breath, keep buying, and just picture now as that big spinning token in the sky, going round and round.

Thank You So Much!

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