Crypto and stock market both are down right now and I feel rather then panicking this should be treated as an opportunity to invest more. Ideally when the market goes down there is lot of panic sell that happens, and when market goes up then the buy happens on the basis of fomo. It should be working in the opposite manner though. This time in this crash I did manage to buy some stocks as well as some alt-coins including Hive. I feel that it is at the lowest now and from here on it will only move up. The only thing needed is patience.
I will not disagree that I was feeling very nervous and scared also when it was going down. But then this downfall was predicted by quite a few analyst and it was coming up, so the sooner the better, so that we can move ahead. The worst stage I feel is the one when nothing is happening for a long long time and there is stagnancy, which has been happening since the past few months. It's been coming down, and it was like a slow kill :-) making mental torture....haha.
The few mistakes that I am always making is that I am waiting for these fixed figures in my mind for each coin to sell. Rather the strategy should be to sell at every pump and then buy back again at every dump making small amount of profits continuously. I think it in a way that what if it does not go down, then my profits will be minimized. Now also I am thinking in the same manner, that this one cycle I do not wish to follow the pump and dump sell and buy strategy and just wait for the target price I have on mind. After this cycle when I re-invest again then that time I will start following it.
I am so happy that I could buy some additional Hive, I am also thinking of buying some more. I want to grow my account to 150K hive by end of this year. Honestly I had never thought of it this way, but now thinking. To accumulate as much as possible Hive at it's lowest so that even if it does not cross $1 and I have to sell it some day, I can make decent profit. Let's see how the year goes, we are still far from the bull run, so till then make the most of it by investing in these lower prices.
What are your sentiments on this season of the market?
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