The market took a huge dip with most of the cryptos are in red and also the market cap is now round $1.6 Trillion. Probably some may be selling their cryptos in panic seeing the low prices, their portfolios going down and I know it does give a very unpleasant feeling.
When it comes to trading, it's easy to say don't panic, don't bring your emotions it but ask from the guy who actually is trading and is going in red. I seen the situation thtat day when a mentor was trading showing on live stream and I saw his students telling about their losses and this mentor kept telling them just hold, don't panic just hold. From that I realized how actually it feels when you yourself is in that situation. But yeah no doubt we should be training our to get strong mentaly and not to rely on our emotions when it comes to trading.
No doubt the market took a huge dip but still we have that inner feeling and hope that it will surge back again. Found this tweet from CZ where he says,
This does look a bit like an exaggeration but going back to the times when Bitcoin was trading at a lower price and then its price got a huge spike, making people wishing to have hold it for some more time.
So for the Hive community who are also feeling sort of disappointment and frustration looking at the lower prices, I think you shouldn't be, because to me it's like a golden time to collect more and just hold it until we see the prices rising again.
It's the market of crypto, very much volatile, but I think you can get to the safe zone by holding your portfolio instead of panic selling taking the loss.
Thanks