Buy the Dip!! Buy the Dip!! Buy the Dip!! We all screamed, but how many people bought the dip? I have learnt that buying the dip is always essential, especially seeing a massive dip like the one that happened this weekend. Times like this is when you take Warren buffet’s quote more seriously, only get scared when everyone decides to be greedy, but stay greedy when everyone decides to be scared. But it can be scary to see the market go downhill so bad that everything feels like a free fall. Well, welcome to the bear market, you can choose any seat to your left while we embark on the bear ride.
In crypto one of the easiest way to lose money is buying a token or a coin because it’s pumping. That is, if you are not buying to hold for long term, but if you are planning on holding for long term, you can buy anytime you want because you don’t care about the current price. Then after buying when it pumps to its peak, it starts dumping and you get scared of the dump and sell after a massive dump, congratulations you just got a distinction on how to rekt a portfolio.
The FUD is nothing new, people will always come with the usual ”crypto is scam” propaganda. I can’t count how many times I saw Crypto Is Scam on Twitter and it’s a Ponzi scheme. Well, if you look at it from their perspective, they seem right because they are subjected on the profits and gains. Ask those people what crypto is and their reply would be, it’s a digital asset you buy and wait to get rich. This is the idea that brings them to crypto. Buying a token or crypto can be equated to buying a stock or shares of a company. This means that you believe in that project when you buy the token or coin, shares and stocks gives governance power to the highest holders, with crypto it is done with a governance token where everyone has a say no matter the quantity and value of their stake.
The Dip, was tough, but the bounce back is beautiful to see, coins are making over 100% increase especially the move to earn tokens. The trend of the play to earn era is behind us, move to earn is here, people love change and evolution. We were once excited that we can be paid to play games, now a new trend is coming up that you can be paid to move. While this thing is not new on Hive since we have the Actifit, to the rest of the world, it’s something new. So expect a new trend flowing from the move to earn industry.
Not a financial advise but if you want to make quick bucks in crypto, I would say go bullish on move to earns, now it’s early. I’m trying my best to stack up, but how much is enough? I got some during the dip but I had limited fiat money so, it’s small though but it was worth it. I felt good making 50% - 100%+ on my holdings this morning.