You wake up tomorrow and you see the price of POB equivalent to 2 Hives.
You are like jumping and dancing. Some of us might encash our accumulations, others might start posting and engaging more aggressively to make the best of the price hike, while some might buy seeing it as a potential investment.
You wake up tomorrow and you see the price of POB equivalent to 0.2 Hives.
Now what do you do? Will you buy more considering this as an opportunity to buy at the dip or sell your existing stake because you don't want to lose any further? What about engagement and posting? Will you still be interacting and jotting your thoughts on the platform? Where will POB support stand at that point in time?
We all are aware of how volatile these crypto markets are. The prices go up and down at the speed of light. Patient traders would understand either of the scenarios ratioanlly, analyze the price movements, the cause and effect, and make a wise call. While, on the other hand, the newbies or people with naive knowledge of POB would rush into their decisions.
Every time there is a dip or rise, there has to be a reason. Sometimes the price hikes unreasonably because some buyers bring in a huge stake, there's no concept or project that has come into action causing price hikes. Suche hikes don't withstand for a long time. Similarly, price drops might happen if some whale takes out their stake in case of an emergency or some other need. But then, the price stabilizes gradually.
Dealing with crypto markets or any other trade market, such highs and lows are inevitable and will be seen every now and then. How we react to them, analyze and judge the situation and react is important. It's not something we need to rush into, it's a decision that has to be taken quickly but smartly and that's how you can make the most out of it.
Don't worry, POB is not falling. The contributors here are doing a great job to take it higher every day. If the POB price rises, it's going to be because of the great hard work and efforts of the entire POB family who is generating enormous intellectual content that involves their brains.