What To Do When The Markets Are Bleeding Red

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▶️ Watch on 3Speak


We all know what is taking place in the crypto world. The markets are tanking. Unfortunately, markets go up...and they go down. To expect otherwise is not being in touch with reality.

In this video I discuss some ideas of how to handle these down markets. With red can be opportunities.


▶️ 3Speak



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10 comments
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Bang, I did it again... I just rehived your post!
Week 87 of my contest just started...you can now check the winners of the previous week!
!PIZZA
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Do you think that we could fall below 40k, I think the extreme fear which is know will turn into terror.

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Yes it certainly could. There is no reason to believe that there is something magical about the $40K level.

If it does drop down a great deal more, I will add a bit more to my position.

Posted Using LeoFinance Beta

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There are two options for me Hold, Buy as I do not want to cry again when it is back to 60k and go to 100k

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Thanks for the brilliant idea boss

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What To Do When The Markets Are Bleeding Red

sit back, take a deep breath, count to 10 and HODL no one is getting out of this market until we make a profit. this is the way

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I can't move the markets either, but when it's red...it's time to come in and pick up some hodl coins for the next rise :)

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Summary:
In this video, Task discusses the recent downturn in the cryptocurrency markets. He emphasizes the importance of understanding market behavior, specifically fear and greed, and advises viewers to have a long-term approach when dealing with market fluctuations. Task shares his perspective on Bitcoin, mentioning its potential as a store of value and collateralization agent. He highlights the significance of having a trading plan, risk management strategy, and emotional resilience in investing. Task encourages viewers to view market downturns as opportunities rather than setbacks.

Detailed Article:
Task starts by acknowledging the recent downturn in the cryptocurrency markets, mentioning popular tokens like Bitcoin, Hive, SPS, and Ethereum experiencing declines. Despite not paying much attention to markets usually, he admits to increasing his positions slightly during this period. He delves into the irrational and volatile nature of markets driven by fear and greed, citing Warren Buffet's advice to buy during market downturns.

Task expresses his opinion that Bitcoin and equity markets are intertwined due to being risk-on trades, indicating that a risk-off move could impact cryptocurrencies. He stresses the importance of understanding market cycles, accepting market volatility, and developing alternative approaches to navigate bear markets.

The video underscores the concept of 'hodling,' advising viewers to stay confident in high-quality projects during market pullbacks. Task uses Bitcoin as an example, discussing the potential for long-term growth despite short-term price fluctuations. He encourages viewers to focus on quality assets and utilize market dips as opportunities to accumulate more, underscoring the importance of having a long-term belief in the projects being invested in.

Task also addresses the challenges of active trading, noting the emotional discipline and rigorous analysis required to trade effectively. He emphasizes the significance of having a trading plan, risk management, and money management strategy to avoid making decisions based on emotions. Task cautions against emotional trading driven by fear and greed, stressing the need for a rational and strategic approach to investing.

In conclusion, Task highlights the importance of viewing market downturns as buying opportunities and having a plan in place to capitalize on them. He advises viewers to assess their emotional capacity for investing and exit the market if unable to handle the volatility. The video ends with Task reminding viewers of the old saying in trading that money is made on the buy, emphasizing the significance of strategic decision-making in investing.

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