Are You Still Buying The Dip Or You Need Therapy?

I checked my portfolio few hours ago 😭 and I think I need therapy right now. Wow!! What a dip, I decided to take my eyes off my portfolio for a couple of days, I came back and am seeing my portfolio valued half of what it was few weeks ago. I have been buying the dip for weeks, but it’s been dipping. This is how the crypto ride feels like, it’s an unending interesting ride, your portfolio is either mooning or it’s dipping. My biggest crypto bag is currently Hive and the value is down, that’s not really what am worried about because Hive is for term holding and besides I make passive income from it.

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But other coins are not really for long term holding like Hive. I bought some coins last week hoping they will give me a good amount of profit so I can sell them and do what I want to do with the money, but unfortunately the market had another plan in mind. The market has been dipping ever since, I kept on buying the dip but the dip is having fun sliding down the bear road. This is the reason I avoid leverage trading, if this was leverage trading, I must have gotten liquidated since. But spot trading is better, because the risk is lesser. In as much as I know the value of my token and portfolio is down I still sleep peacefully at night knowing my wallet won’t get liquidated like those trading leverage.

Leverage trading comes with too much mental and psychological stress and am not up for that.

There is this sweet feeling that comes with the feeling of knowing that there was nothing you could do when the whole market gets dipping. Usually when a token I bought dips, I start beating myself up and wishing I had bought a different token mooning, but right now majority of the coins are dipping. Everywhere is filled with red colors at least I can’t be that sad that I bought the token I bought, because regardless of which token I bought, it will still be affected by the dip.

The total coin market cap is at $2.1 Trillion which is low compared to the $3 Trillion market cap it was before. That’s $900 Billion worth of money liquidated in the market since the time of the all time high. Bitcoin has gone below $50k and Ethereum has gone below $4k, the market has been taking us to what seems to be a bear ride.

Let me use this opportunity to check up on newbies like @estherscott who just recently started her crypto investment. I know by now the value of your crypto is definitely down. I wonder how people like her are coping, am sure they will be panicking and having unnecessary panic attack by now. Well welcome to the party this is something you can consider your official crypto initiation. If you can survive this dip, you can fully and confidently announce to the world that you are a certified spot trader.