Dip in crypto market provides good buying opportunity
Hello lovely people of Hive community. Hopefully you will be enjoying your life with good health and spirit. Friends, crypto market is going no where since FTX debacle. Crypto market observed 2.9% dip in last 24 hours. Global crypto market which was above $1020 Billion before FTX crash was shrink to $830 Billion.
source
Red color dominance observed in market. Investors are sad as the FTX issue have swallowed more than $190 Billion. It is tough time for investors but remember each tough time provides an opportunity to grab the chance.
At one stage when BTC reached above $68,0000 we had no chance to buy at $16,000 but thanks to dip in market which is obviously not a good thing for the investors but still it provide a chance to buy coins at cheap rate.
Buying at discount price can reduce your average cost of coins. Currently our blockchain coin HIVE is trading around $0.33. Before the FTX issue the coin was trading around $0.5. Coin has already observed a massive dip of 34%. It is a good buying opportunity. Hive often observed pump. Time to invest in Hive and buy coins at cheap rates.
Remember that market up and down is not in our hand, the thing which is in our hand is to buy coins at cheap rate. Buying should be done before soaring of price. In this way we can make our portfolio big. What is your opinion my friends? This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
overwhelming bloodbath in the cryptosphere , it is very hard not to notice. FUD is very much prominent right now which obviously isn't far fetched. One just wonders when the turn around in the cause of events in the cryptosphere will be witnessed !
Posted Using LeoFinance Beta
Overwhelming bloodbath provides an opportunity for those who hold their stable coin for rainy days.
Let's hope crypto market will revive soon. Stay blessed
Hi friend it may be a red market for most of us but some people use detailed technical analysis and do small swing trades making some money every day.
That is difficult for most but doable is that not amazing way to earn if we can apply it.
You raised a valid point but unfortunately it required detail technical analysis which is not our strong point. Any how, thanks for sharing nice idea. Stay blessed