Confidence when the markets turn.
The sky is falling. Again.
I'm not a person that checks my portfolio often as I am in this for the long haul.
I don't have any buy or sell orders set on the exchanges as i am not trying to trade the markets.
That is a tough game and pretty much impossible to predict.
That is why losing 25% of my paper value this week doesn't bother me.
I'm not selling it.
Instead i am looking to multiply what i have and increase my holding for future gains. I have huge confidence in crypto going forward and took some profits over the past few months while things were better.
I have a little money on the side if i want to reinvest but it's a bit early to see which direction the markets are going in yet.
If we hit a bear market, been there, seen that. I will just ride it out like all of the other dips and increase my holdings.
A couple more years will see me add a lot of hive, cub, leo, BCH, cake ect....
To my portfolio as they are either getting earned or locked up in defi contracts earning interest.
The best way for me to ride out the dips is by increasing my holdings for the next pumps. Some people watch the markets constantly but i feel that is a wasted energy when you could be earning even more or discovering new projects.
Looking at my portfolio from coingecko would just get into my head if i see it falling lower every day so instead i will write a post or play a game to keep increasing what is there.
Long term is always the key message for investment as the markets are so volatile in these early days.
This has been a great year for crypto, development and adoption which gives me a lot of confidence for the future. We are in a much better place than three years ago when we hit the last strong bear market and i think that the next one will be shorter and less painful than the ones before it.
There is more utility to keep the prices up and a lot more stake locked up in defi that will not get dumped.
We have use case this time around and larger investors buying up bitcoin that will jump on some of these dumps.
Multiple factors that should set the base a lot higher than the last time around. I feel.
Now i could be entirely wrong and we see crypto dump 90% of it's gains back down over the next few months but i doubt it. There is an air of expectation in crypto as more developers and more investment moves into the space that we will see the industry grow exponentially over the next few years.
That is where i am placing my bets at least and sticking to the plan.
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Best way to be, just skim a little less and add a little more on the way down, vice versa on the way up!
That's the way to do it.
Play against the crowd and win the game.
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On that note, it might be a good time to pick up Cub!
!PIZZA
Exactly my point, anybody who wants to invest should always look long term.
I believe so much in crypto and that's the future a lot of people can't see and this is so sad.
Anything can happen but with what I see, a lot of people are moving into crypto full time.
Have you looked at crypto sponsored sports, have you seen travala..
A lot of development is going on in crypto and all I see is growth
We are in the right place at the right time. I truly believe that.
I have a little travel but don't know much about it and haven't managed to stake it for any returns.
I really should take a closer look at it and see what can be done.
Sport and crypto will be huge going forward. Another area to pay attention to.
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I totally agree.
I have been hearing development on health and crypto too
So many crypto traders are not always considerate about the long turn runn. They are just been nervous. The future will still be great. This I certainly believe crypto will still rise up
A lot of the traders don't understand what they are doing. They try to predict the markets but don't put in the research to find good projects and make them earn profit.
It's basically a gamble.
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Many people get bogged down in technical (charting) aspects of trading without taking the time to consider fundamentals. This is why experienced traders use confluence to guide them to better trading strategies. I wonder how many people are even aware of what is going on Kazakhstan.
Very few would be my guess. Most people just blindly follow the markets and try to make educated guesses about movements.
Very few take the time to do the proper research, keep up to date with relevant happenings and with everything happening in the wider crypto world.
Even here most of us are caught up in our little hive bubble and don't want to look any further. Myself included a lot of the time.
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Sticking to the plan is the best thing you can do. I can't seem to understand those day traders as they tend to be glued to the charts and I don't think I could stand watching the market 24/7 and their price.
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it is good time to buy some more ;)
It's always a good time to buy when you are going to hold for the next ten years.
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The newbies of crypto are panic selling while the rest of us are dollar cost averaging and lining our pockets with discounted assets.
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Just like all of the other times.
The only difference is that we are no longer the newbies and can sit back to watch them learn the hard way.
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Tip sent bcoz you're a good Twitter promoter. Keep doing a good job! @niallon11
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