WHEN THE CHIPS ARE DOWN, TIME BECOMES OUR GREATEST ALLY.

avatar
(Edited)

This is a difficult time to be a crypto holder, let's all be nicer to each other.
The market is a mess and we all are collectively crying about it. I think a time like this is when we appreciate having a community of people with similar interests financial activities. Misery loves company, init? It is comforting knowing you are not crying alone.

image1.png

Some few weeks ago, a friend of mine was complaining to me about the dip as
I'm sure he has to every other person who cared to listen, he was down bad so I empathized with him and assured him we would be out of the trenches soon. Big man texted me last night and told me to work on my prophesy skills because my soon isn't ‘sooning’ enough apparently. 😂

He told me he was getting even more frustrated and is considering selling some but I still told him to relax. Considering I encouraged him to buy the dip the last time we talked, I think it is okay for him to whine to me; he is just panicking and that's okay.

As heart-wrenching as the red lines are, this is not the time to make decisions out of fear. I encouraged him to fall back on his other means of income and let time do its thing. All we have to do is wait, and even buy some more dip if you can afford the risk.

I just want to say hang in there, the volatility of the crypto market is something we are all be used to by now, though it is scary because bitcoin has suffered more than fifty percent loss in its value this year, but even the longest nights come to an end eventually. It is a game of mighty risks but its pays off with the same or even more intensity as it hurts.

LEO FINANCE DIVIDER..png

WHAT TO DO?

Personally, when it comes to the digital market, I say don’t put in more than you can afford to lose and definitely don't put all your money in it and very importantly. diversify your means of income to avoid suffering a huge financial crises when the reddintongs are in town.

Now is the time to fall back, evaluate and implore some strategies to better manage our assets and probably avoid the highly volatile assets , that don't seem likely for its value to have some sort of power or leverage in this stormy weather. It is a cold winter, and not every asset will weather it.

This also not the time to be reckeless or greedy. I think dollar cost averaging would work best at this point. Space out your investments and do it in bits as it is best suiting for an uncertain time as this. That way you’re not missing out on potential ruse but also being rational about investing at the moment.

And most importantly, we have to keep showing up and doing what we do best in this community. The chips are down but we are not going down with it. We are incredibly lucky to have each other in this community to hold down the fort with.

Winter is here besties, the walls need us now more than ever. Giving up is not an option.
I am just a novice, but I've heard this song long enough to know that we'll all be fine eventually.
Let's take care of our mental and physical health by drinking more water, talking long walks, hanging with friends and family; or whatever you do to keep your boat rocking.

Hive Divider.PNG

7467730D-16A6-467A-B8C5-E000E3441DFB.PNG
Leofinance divider from Leo Finance page.
Image graphic designed using canva.

Posted Using LeoFinance Beta



0
0
0.000
2 comments
avatar

Not sure if you have been through bear markets before but hive is a safe bet. Even without investing it is time well spent in a bear market because the grind will ultimately be profitable. I have been here nearly 5 years. It's the best. Especially if you have no money to spare or risk.

Posted Using LeoFinance Beta

0
0
0.000
avatar

Investing in the dip is actually the best, for hive, this is going to be huge.

0
0
0.000