Holding is important for growth in crypto world

avatar
Bearish trend continue in crypto market as the market observed another 1.1% dip in last 24 hours. Current global crypto market cap is around $1.12 Trillion which at one stage was touching to $3 Trillion. Red colour dominance observed in market.



source

In such a tough situation holding is important to grow in crypto world. It is the best time of buying coins which has good used case and huge potential. If you don't have new coins than hold your already accumulated coins.

Price of majority of coins are low. So, obviously it is not a wise move to sell coins at cheap rates as it will give you permanent loss. Better to hold your asset for a long term and wait for the bull run.

I am not in favour of holding shit coins which often pumps and dumps in market. I suggest you to hold only those coins which have good use case and solid project. Good used case coins and solid project have high probability to give you decent profit.

If you are the investors who like to invest for shorter period of time than you must apply stop loss on your investment in order to control volatility.

There is no need to panic if the price of the coins drop down. Price of BTC fell below $27,000. Currently coin is trading around $26850. There is no need to panic if you purchased coin at $30,000 or higher. Time to hold BTC for a bull run. Remember BTC has already achieved all time high worth of $68,800. Currently coin is 61% down from its all time high worth. There is a huge possibility that coin will break the all time high worth in next couple of years. Time to hold your good used case and earn decent profit. 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.





0
0
0.000
18 comments
avatar

Holding is the safest way during bear.

0
0
0.000
avatar

Yes it is. Thanks for sharing your thought with us. Stay blessed

0
0
0.000
avatar

Congratulations @zartisht! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)

You received more than 240000 upvotes.
Your next target is to reach 250000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out our last posts:

The Hive Gamification Proposal
Support the HiveBuzz project. Vote for our proposal!
0
0
0.000
avatar

While hodling can be beneficial for certain cryptocurrencies, it's crucial to maintain a diversified portfolio. Investing in a range of different assets can help spread risk and increase the potential for overall returns. It is at this juncture diversification comes into the picture.

Diversification reduces reliance on the success of a single cryptocurrency and safeguards against the possibility of investing in projects that may not perform as expected.

0
0
0.000
avatar

You have raised a valid point. Diversification is key in order to reduce the volatility risk. Stay blessed.

0
0
0.000
avatar

Holding means you have patience and this is very important in the crypto space
Get early and hold and you would be good for the long run.

0
0
0.000
avatar

Thanks for stopping by and sharing your thoughts with us. Stay blessed.

0
0
0.000
avatar

It is a pleasure to interact with you and see you grow bit by bit every day
Keep up the hard work and reap the rewards
Best wishes to you :)

0
0
0.000
avatar

Thanks for your words of encouragement. Stay blessed

0
0
0.000
avatar

The current times and life is full of challenges and if my words give you the slightest of comfort and encouragement then why not.
Every time you meet a goal or overcome a challenges there are best wishes that stay with you.
Mine is just one them
stay blessed and stride forward

0
0
0.000
avatar

You describe it really well. Have a nice time. Stay blessed

0
0
0.000
avatar

Holding all the way through the bear market knowing that the bull market will eventually arrive is the way to earn good profits on our investments. Now is the time to exercise discipline :)

0
0
0.000
avatar

Let's hope bull run will come soon. Stay blessed.

0
0
0.000
avatar

This will not last forever, Things will turn and we will have good days as well.

0
0
0.000
avatar

Well said. Thanks for stopping by and sharing your thoughts with us.

0
0
0.000
avatar

I agree. Holding is the best thing to do at the moment.

0
0
0.000
avatar

True. Thanks for stopping by and sharing your thoughts with us. Stay blessed

0
0
0.000