Bearish market and our worries
Dear my friends..
The crypto world is really unpredictable. For novice investors, they really need luck and analysis. Of course an analysis that is not only from the news on social media. need experience and personal analysis so that it will form a good understanding in choosing crypto, both in number and type.
Between luck and analysis need to be aligned so as not to get caught in a loss. Often an inaccurate analysis can cause investors to fall into a vicious circle that can be detrimental.
As in bearish times like now, it is even more necessary to look at and analyze crypto in depth so that you can take opportunities to make profits.
As we know Bitcoin, which used to be one of the mainstays of crypto for investors, is now experiencing a very significant decline. In fact, we can read the analysis of several actors and observers say the value will continue to decline. It turns out that other major cryptocurrencies are experiencing the same thing. The effect of the declining value of Bitcoin has contributed to negative sentiment for the crypto world.
At times like this, of course, we need to be more careful when we want to choose the coins that we will use as assets. All of this needs to be done so that we do not experience further losses.
I am just starting to get to know the crypto world, I am currently experiencing a condition where I am trapped in a bearish market. Currently, even the assets that I have are experiencing a sharp decline as can be seen in the following screen shot.
The decline in assets was because all the coins I bought were coins related or paired with Biotcoin. From the coins I own the most Maro and Chromia the drop is so big that it reaches more than 40 percent.
The value of the coins I bought decreased and the value of the bitcoins decreased too. This is a big problem when we think on the bad side. Sometimes I am too so I have to be patient waiting for the market to return to being more enthusiastic.
Disappointed and worried?
Maybe if someone asks whether the feelings of disappointment and worry are getting bigger seeing the latest developments?
Of course the answer is there are concerns that I experienced. Seeing the downward movement in value, we should be worried, but I have to think positively. Everything I experienced taught me to be more careful in the future.
Our worries certainly have a lot to do with following developments. We are certainly worried if all our assets are lost. We certainly think that the assets that we expect to provide profits actually provide losses.
However, all of that must be ended. I myself took the attitude of waiting for the next development. Of course while hoping to get excited again soon and be able to take profits by investing in the crypto market.
If market conditions improve again, of course I should be able to take advantage of opportunities in the crypto market. I will choose a coin that can provide benefits both in the short and long term. This will make me continue to learn and train myself to understand the crypto market.
Thus all my writing today, may useful for all of us.
Best regard from Indonesia
@rokhani
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