Recognizing Value and Appreciating The Moment In Crypto

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You never know the value of something until you lose it but I believe this is not the case for crypto investors because we know the value of the Bull season. The Bull season comes with a lot of greens, beautiful greens that make you feel like the luckiest person in the world. But this is only possible when you invest on a valuable project. In Bull season two things make a project pump, hype and utility. Hype is like the less sustainable inorganic factor that drives the price of a project high.
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Shiba Inu is a pure example of a project which got pumped by hype. Lots of people hyped Shib especially during the Meme coin trends. Dogecoin is a meme coin which was created as a joke to bitcoin, then shiba Inu was created as a joke to Dogecoin. So shiba Inu is a joke to a joke. How ironic? It’s a coin with no utility and that was enough to let the project price crash. The only thing I admire about the project is the community, this made a lot of people capitalize on it. We got crypto exchanges listing Shiba Inu because they want people to trade it on their exchanges. Now the hype is over, who is still paying attention to Shiba Inu? Been a long time I heard that name.

Utilities has sustained lots of projects, regardless of how hard the price of their tokens or coins crash. If you invested $10,000 in Ethereum in January at the price of $3800 per ETH, today your investment should be worth $3,769. How ironic? The current value of all your Ethereum asset right now couldn’t buy 1 Ethereum in January. But Ethereum is still relevant because it’s technology provides utilities and usecases. Ethereum has been dipping but people are still wishing they had more money to get more. Ethereum is a very good project, Infact one of the greatest project in the crypto community but scalability and high transaction fees is one of the reasons people don’t like using it.

Learning & Strategizing

The Bear season is a very tough season, very tough, I have a lot of tokens, but 5X lesser the value they used to be 6 months ago. One lesson I have learnt from this bear season is learning to take profit. We sometimes get overwhelmed with our gains and feel like the gain will be constant. But unfortunately, it isn’t, the next Bull run will have me taking profit, it’s good to hodl for the long term, but I have accumulated a lot of coins that at this moment, I don’t mind taking 50% profit them when they pump.

This way, I have enough to buy more on the next bear season, but life can be funny. I get scared of getting stuck in a scenario where I take profit because I was waiting for the next bear and the Bull run decides to last for 2 years.

Imagine selling your assets too early, it can be heartbreak, after waiting for so long. But that’s the game, if you want to feel like a crypto OG, this is the best time, you become an OG the more you gain more crypto experience. Your experience will make you appreciate the crypto moments.

Posted Using LeoFinance Beta



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5 comments
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I bought a few coins for a laugh, in case there will be a reason to laugh at those who did not buy lol.

Posted Using LeoFinance Beta

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Exactly my thoughts. Witnessing my first bear market has made me understand and value the bull run too. And yes, I'll also take those profits so I can be well positioned to buy the dip.

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Yeah. We learn everyday. Bear seasons are really tough.

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