Wow all I can say that was a crazy period to experience and it was rather fun to just watch. The best show in town if you are confident in your portfolio. Fun in the sense it is going to offer huge buying opportunities that we had all thought we had missed. Not really buying the dip, but more of a deep gorge/crevice as that was a brutal hour or two today.
I had been avoiding the carnage up until the recent shit show hit everything and have come out relatively unscathed down about 10% on my Bitcoin holdings. I have my shirt and my pants still which is more than I can say for many others who were unfortunate. Obviously if you look at USDT then that wont be pretty, but I don't grow by looking at that value. At the end of the day it is how much Bitcoin or Ethereum you have so you can buy whatever is on sale right now. I am certainly stocking up on certain projects that I have been targeting and am grateful for a second bite of the cherry.
The so called top analysts on twitter were fairly amusing to watch as I think one called the bottom 3 or 4 times in the last day and every time Bitcoin didn't listen and went way past. A market panicking is not a good thing but is entertaining to watch if you have a sick sense of humour. I think you can be more relaxed about it if you are thinking long term and are not having to rely making a living off crypto. I feel for anyone in that position because it must be like getting a pay cut.
I think if memory serves me right the last bull run we had 6 or 7 decent dips or market retracements yet this was a big one and was a little surprised at how big. The one comforting thing is nothing is going to stop where we know the prices are going to go and this is just making the journey that much more exciting. Volatility is part and parcel of crypto and today many were caught out as selling was not an option as the market can turn at any moment. Who knows if we are done for now and the Bull market is back on track or not as time will tell over the coming weeks and months.
The big difference between all of us on Hive and the other investors trading is we can earn no matter what as long as we just stay busy. Cheaper Hive is slightly easier to earn and growing is what we all do best. If you are staking then price should not be a worry as it should make very little difference.
