It is easy to get carried away with numbers in cryptocurrency, the focus tends to be on price alone for profit taking and when things go south in a bear market FUD spreads across the crypto space like wildfire.
From what appeared like the crypto market is recovering from the bear market two weeks ago, we are now back at Bitcoin below $20k which as a result pulls Altcoins down as well.
An opportunity is presented for those who aren't invested in cryptocurrency to remind you Bitcoin is down or dying. It might interest you Bitcoin has died 461 times and counting according to Bitcoin Obituaries.
They said Bitcoin is going down, did you see it?
The above was a question from a friend the other day when Bitcoin dipped to the $19k region.
Now, this is a friend with no cryptocurrency portfolio, call him a fiat currency maximalist and you might be right. Our society today is plagued by doing the norm, deviating from the norm in search of a better outcome will have you dealing with opposition of friends and family waiting to tell you I told you so.
Show me any investment out there without periods of dips but only number go up and surely I will be getting involved.
Without a myopic view of cryptocurrency, there are lots of benefits to cryptocurrency exposure, a better form of money management. Most of us here on Hive have the responsibility to manage our funds, diversifying to potentially profitable projects. The responsibility of doing what the banks do now rest with us. Personally, there is no better feeling than being in control of my money.
In the process risk management knowledge is acquired, HBD is a stablecoin that provides the opportunity to mitigate volatility loss which earns interest in the process.
I ventured into the Uber business a few years ago without accessing the risks, it didn't take long before I got rekt. Today, if I have to go into the Uber business again proper risk management, will be implemented from experience gained being involved in crypto, especially on LeoFinance where I've been exposed to finance-related topics.
Being involved in crypto is far from rosy, it calls for being able to withstand the bear market and bull market continuously exploring ways to survive both seasons.
So when crypto dips in price value, it is going to rise again surpassing the All Time High (ATH) previously set, this is something fiat maxis needs to get used to.
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