I knew about crypto in the year 2017, and one quick lesson I learned as a novice was that the market was volatile. I had been eager to know why the market changes so quickly but then there are a few speculations but no absolute reason as there are other determining factors that people are not certain about. It's like training a rat to avoid peanuts and it goes back to it after a few weeks or months because its desires are insatiable with the new upbringing. However, this is not a rabbit scenario, it's the real world of digital coins.
One thing I've learned as a crypto enthusiast is to do your own research(DYOR) and follow your mind. Most predictions from experts fail even after the detailed analysis of the market. The market seems to control itself and allow a few external factors to affect it. In this post, I'll be answering the question"Are you learning any tough lesson by watching the market bleed?"
I am not a crypto expert but there are two things I learn during a bleeding crypto market; Buy and hodl or convert your assets into tether and hodl until the market value start to go bullish. Recently I watched my assets go down from $110 to $62. I could only hope that the market would regain its strength to rise back to the initial value. I had plans to buy BTC early this year but didn't, watching it pump in value made me wish I had followed my mind. I knew if I was hodling and the market surpassed the $72k limit, I wouldn't have sold. I wish people who hodl could at least sell or convert to tether but they had high hopes until it dropped down, leaving some in regret.
I've learned to not depend on speculations. A lot of experts came up with several crypto prophecies when it was bullish, a way to cover up their guilt after several failed predictions. Many people believed in their prophecy and kept holding on with the hope that it'll come true, only to see a bleeding market after some months.
One other thing I learn is to be prepared for the two seasons (bearish and bullish). They come unaware. When the market is bearish, prepare for a bull and when the market is bullish, prepare yourself for a bear. The crypto value never remains the same. Some projects which were supposed to launch their token kept postponing hoping that Q3-Q4(July-September)will be more bullish only to meet the shock of their lives with the market in the red. Cryptocurrency is volatile, preparation in the two seasons is what makes one stand out.
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Crypto value is never the same. If there is one lesson I have learned in this crypto world, that is it. There are two seasons in crypto and just like preparing for seasons of all kinds, be it rainy, dry etc, same thing applies to crypto. You have to be prepared so you aren't caught unaware or regretting not taking action.
That's true, and for many who dived in with a different mindset will get to see its reality now
Crypto is really volatile and can always fluctuate
#dreemerforlife#
However, one can use it volatility for their advantage if well calculated
Very well ooo
Crypto isn't for the weak at all. One minute you're smiling and the next you're crying 😅
#dreemport
Seriously, and that's why I can't go into forex trading
To me, crypto is ' the more you look, less you see'. One must be proactive when it's time to act to avoid regrets
#dreemerforlife
Lol, seriously
The crypto market is really volatile. A lot of pain and disappointment is what people are experiencing now, especially those who hesitated to convert some coins to stables like Tether. Hope the situation gets better for everyone.
#dreemerforlife
It definitely will get better with time
Bro. Crypto is truly volatile. It's not easy to predict it. Also, no amount of chart or market review can lead to perfect predictions.
What's even crazier is that some of these Crypto influencers that shill a particular coin are often doing it so they can get their exit liquidity. So, rushing into such projects usually ends with rugpulls.
This crypto world is wild. We just have to prepare for the good and bad.
Thanks so much for joining this.