Market Took a Huge Dip But We Shouldn't be Selling in Panic : Get Relax and Hold
The market took a huge dip with most of the cryptos are in red and also the market cap is now round $1.6 Trillion. Probably some may be selling their cryptos in panic seeing the low prices, their portfolios going down and I know it does give a very unpleasant feeling.
When it comes to trading, it's easy to say don't panic, don't bring your emotions it but ask from the guy who actually is trading and is going in red. I seen the situation thtat day when a mentor was trading showing on live stream and I saw his students telling about their losses and this mentor kept telling them just hold, don't panic just hold. From that I realized how actually it feels when you yourself is in that situation. But yeah no doubt we should be training our to get strong mentaly and not to rely on our emotions when it comes to trading.
No doubt the market took a huge dip but still we have that inner feeling and hope that it will surge back again. Found this tweet from CZ where he says,
This does look a bit like an exaggeration but going back to the times when Bitcoin was trading at a lower price and then its price got a huge spike, making people wishing to have hold it for some more time.
So for the Hive community who are also feeling sort of disappointment and frustration looking at the lower prices, I think you shouldn't be, because to me it's like a golden time to collect more and just hold it until we see the prices rising again.
It's the market of crypto, very much volatile, but I think you can get to the safe zone by holding your portfolio instead of panic selling taking the loss.
Thanks
I should slap myself many times. Especially for selling 10 853 Dogecoin in 2017.
😂
Seems like a lot of crypto news coming out of China these days. Hmm... if they're going to stop the miners, wouldn't that make BTC more rare?
Miners seems smart. They may move to other countries.
I hope at the very least it makes laptops cheaper. My gaming laptop from 2 years ago costs more now than it did in 2019.
Hmm
I heard that less miners means less difficulty, so if China shuts them down, the mining will be easier for the remaining miners, and the total supply limit will still stay at 21 million, so that would not make BTC more rare.
It seems a little counterintuitive at first but I think you're right. Less miners racing to compete lowers the difficulty. The panic shows how weak some of the hands are at these prices.
Yeah right, there is just as high a probability that BTC IS GOING DOWN TO 12K FIRST!! lol CZ damp eeet!
Well, to be frank, I want BTC go down again to $6,000, so that we may buy it :D
I think China is trying to cause a big dump this weekend!
May be
Yay! 🤗
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