What I do during the dip period in cryptocurrency

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By now we all should be conversant that when it comes to life in general what goes up must surely comes down. This is also same with cryptocurrency, once it goes up it will surely goes down. Our prayer is that it should never goes down in a way that it will affect us. There is this story that there was this dude who keyed into cryptocurrency and he wasn't briefed properly that there is loss and gain in it. He wasn't told that he can Invest just now and his money will just reduce base on if the market is experiencing loss. The person who brought him into cryptocurrency needs to be blamed and sanctioned because it was very painful seeing that he embarrassed himself when he voice out crying.

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I saw the video where he is being video by somebody as he was shouting and weeping that somebody is stealing his #Eth. We all were surprised and I quickly asked him what happened and he narrated all the stories. I asked him when did he keyed into cryptoccurrency. He told me the date and I just laugh by saying nobody steals your fund. He said I am lying, I sat him down and educate him fully, I told him that the fund is reducing because the market is experiencing loss at this stage. I told him Ethereum have dropped in value that is why his money is dropping in value. After much deliberation and enlightenment he now understand how everything operates in full. I was very happy that I was able to educate him and he was satisfied. Such a privilege to me haven put him through.

There is one thing I always love saying. When it comes to cryptocurrency before you key into it you should knows that it is either you are making money or lost. It is just like your popular market, things can go up in price today and goes down in price tomorrow. This is the nature of cryptocurrency and how it operates. It is the demand and supply that is controlling the market. This is why if your token is decreasing in value you should not be bothered about someone stealing your fund, you should bear it in your mind that the market is experiencing more sell pressure.

I understand humans and how they thinks, we all want to see our fund increasing in rate all the time. The moment that we see our fund going down we became worried. Well, this is the major reason why it is good to have knowledge about what you want to invest on before doing so. If you knows your business properly you will see your self doing exploit as you progresses. So in a nutshell knowing about your cryptocurrency to the fullest is very vital so that you don't panic over little things.

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What I do during the dip

One thing that I noticed during the dip is that people out of panic and anger sells in loss. This is bad and at the end you will end up selling your token as waste. This is really painful as I have always advised that you should in any way don't check your wallet once you knows that you are the type that can't handle loss. But if you are the type that can handle loss, feel free to check it and think on what to do if your coin is suffering.

Since I knew that loss is part of the game I have decided to remain very strong and never check on market during bear period. I am so focus and dedicated right now so I give little attention to loss. With this I am very strong and have been able to deal with the sad part of loss in cryptocurrency positively. What I do the moment I know there is dip in cryptocurrency, I will make sure that I looked for spare fund and start buying coins with it. I don't just buy coins but I buy coins with potentials. This is why once I knows there is bull run I will be observing coins that are doing well, immediately there is dip I will buy into such coin. Once the market recovers you will see yourself making good amount of money from the market.

This simple logic was put out by me and it is gradually working and working fine. Ever since I started using it, it has been more rewarding than loss and I think it is a nice strategy. Before you try it just like what I hinted below, you should knows that it can go other way round. When that happens I won't be held accountable for it.

Conclusion

If you follow my strategy above it might yield something positive for you but before doing that you should understand that this is cryptocurrency and anything can happen. I won't in any way be held responsible for any loss you make. If you make gain too, you don't need to give me out of it.

            Tfame3865  
            signed out

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  • If you love my post, feel free to comment and also support me, it will help to get me motivated. Remain bless as you read the post. Thanks

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2 comments
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Very interesting !

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Thanks for going through it. But I will love to see you tell me what you understand through the post.

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