What to do on a red day.



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Markets go up, markets go down.

That's crypto in a nutshell.

The longer that you are involved in the markets, the less that you tend to worry about these movements. Sure it's nice to see green every day and the excitement of markets pumping but it won't last forever. Nothing ever does.

Seeing 10, 20 or 100k knocked off your portfolio in one day could be disheartening to a lot of people of even just a hundred if your new to the space.

That sense of panic and pressure to sell out of the holding when the markets tell you that all hope is lost. To cut your losses and run while it still has a little value. It's easy to smell the fear when the markets turn red and the day traders try to save their skin.

Fear leads to even more fear. Or opportunity for those waiting to take it and there are always people sitting there waiting to take it. No matter what is happening in the world, if people sense an opportunity or feel that there is a sell off on valuable assets then there are people with the money that will take that chance. That's how they got there in the first place.

Ready and waiting to buy low and sell high. Where that line is will always be debatable as you need to know the value of those assets to know when to buy but experience will show up for the successful poachers who know the markets and know when there is a deal to be had.

That's why day trading is such a tough gig to be into. You can be lucky or good to do well from trading but there is no guarantee of either. It's still a gamble as markets can react to a lot of different scenarios which we never see coming. Maybe the traders are good enough to see it coming but it's not easy to stay ahead of the curve forever.

Buying a two year bear market is a no brainer on growing crypto assets as they have lost 90% of value since the peak a few year back but the best projects kept growing regardless. Anybody in the game for a while could see there was opportunity there and most of them took some small part of it.

It's a lot tougher right now as we have seen such growth over the past six months and don't know what will topple it next. How hard it can fall and where to jump in or out of the markets. We have assets for the past couple of years that have grown but with the right timing could sell out high and wait for the next chance to jump in harder in a couple of years time.



Option B.




Option "B" is why a lot of us are in this space at this time.

Stacking.

Hold long term and keep adding to those positions. There is always room to trade, sell and make profits but while all of that panic is happening around us. We can just keep growing and growing on a daily basis.

Blog, game, create, lease, develop.

Hive has given us the tools to be successful and to grow to new levels.

We still need more to become a major force but I'm very optimistic that we will see them develop over time.

There is so much happening right here, right now that could grow the system exponentially so it's a great time to grow your account.

The markets don't matter in the long run as the cream will rise to the top. Even if we hit another bear market you can still earn hive every day. Build your holdings and be ready for better opportunities in the future.

Posted Using LeoFinance Beta



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That's my motivation for being here on hive .
I love the fact its a long term growth process.
Like you said @niallon11 the cream will rise to the top we just need to build our holdings and be optimistic.
I hope to venture into gaming soon and grow gradually there too.

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It's a good way to make the most out of the eco-system. Games give you a fun outlet to stay active and a chance to earn if you can get good enough at it.

Set some goals and keep working hard until your achieve them and you will get to the top.

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I could never be a daytrader. I like to be able to sleep at night.

With Hive, having a long-term mindset is probably best. FWIW, I’m planning for years down the road, pouring into EDS miners for a time when earning HIVE could be much harder than it is now. 20% APY on the miners and 12%+ on the EDS is hard to resist for the long haul.

F5A5305A-9BE4-4741-973C-BBE7D3FDA195.jpeg

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I could never be a daytrader. I like to be able to sleep at night.

Far too much effort with no fun. It's much better to come in here and enjoy making gains. Have fun with crypto and you earn more and hold for the long term until the rest of the world catches up.

So many ways to even turn it passive now for when you need a break form the hustle. Some of the hive tokens are a great way to do that. I don't have EDS but should be worth a look at.

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B

And get a fire going and watch that instead of the markets!

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Love a good fire. Nothing like it on a cold night and the the kind of red you want to see.

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Absolutely.

I was looking at it last night thinking about the colour - you just can't replicate it!

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Option B has worked far better for me.

Whenever I've tried buying and selling crypto, I almost always end up buying high and selling low. I think to be successful at trading you'd definitely need to have a strategy and stick to it. You could never be the type of person that lets impulses or other peoples opinion get the better of you.

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Whenever I've tried buying and selling crypto, I almost always end up buying high and selling low.

The crypto curse. I think that we have all been through it over the past couple of years as it's hard to break the green candle mentality. When everything is going green, we tend to live the hype and want more instead of taking profit.

Then the markets crash and we are holding when we should be buying. It takes a strong trader to resist the markets and buy smart.

That's why i earn, stack and hold these days. No more playing trader.

Posted Using LeoFinance Beta

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I totally agree... I will be adding more stake to my hive power tho.

Although I wanted to get a phone with the hbd but I cant let this opportunity pass.

I guess I will have to remove about 20% of my total hbd in savings to buy hive

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Stake is the best way to earn. It just keeps growing over time.

Power up hive as much as you can and it will pay off massively. Even having a bigger stake will lead to more airdrops, more influence, and more enjoyment as the game goes up a few levels.

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I get.. I have some 28hbd liquid for that already.

Waiting for the end of the downward trend.

Although it looks like we are there already

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Yes, stacking is definitely the way. I honestly do not know the value of my crypto right now because I don't look at it, I just try to add to it. I now see it as a long term investment that'll come in handy in a different phase of my life.

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Yes, stacking is definitely the way. I honestly do not know the value of my crypto right now because I don't look at it, I just try to add to it.

Love this attitude. It the best way to get ahead in my opinion. Even better is the fact that the more crypto that you stack, the more that will come your way from new projects and different airdrops, games, returns ect....

It just keeps building over time.

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Stacking works better for most people. Just earn and stake while its the bear markets. You can take some profits when the market has pumped though.

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It's practically risk free as long as the projects are active and developing. The only real risk is the project folding and losing your value.

Anything else comes with a lot more risk as crypto is so volatile that it's hard to predict what will happen day to day.

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The Whole World Will Change Dramatically over the Next Few Weeks, in a Good Way @niallon
Stay Positive and with High Vibration.............

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I was lucky enough to be mentored by an 8 figure forex trader and a lot of that knowledge transfers over well so I seem to have been gifted some privileges when I started trading crypto. In forex there a few rules that if you follow, you can't lose. So for people in the know it comes down to being disciplined and not making bad emotional decisions over just gambling and getting lucky. Crypto markets are weird in that most of the markets hinge on what BTC is doing. This makes it difficult to know where to put your gains when everything seems to be a bear market at the same time. Hopefully something happens at a fundamental level to have different trends instead of them all going through similar movements at the same time.

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Crypto markets are weird but can be read over time. At the moment is seems to be making moves over a long period of time as they are so volatile but as the market matures and bitcoin rises high enough to cover all of the fluctuations i would expect that to be a lot easier.

Seems like you have a very good basis for crypto and a lot of useful knowledge that we could make use of here. Hope to see you share a lot of it with the community.

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