THERE WILL BE ALWAYS A BUMP IN THE ROAD
Around 11pm e.t. I was getting ready to move some btc to Cubdefi and all of a sudden the price of bitcoin was dropping like
flies. Not knowing the reason for the drop so I hunt around to look exactly what happen.
It was some long position that got liquidated at this time. For me it is weird knowing what could make btc moves.
It is Saturday night after all.
Welcome to crypto. The market is alive and moving 7/24/365 and folks are trading non-stop.
The drop went all the way to $51k and bounced again to $56k. Most folks will not know about it
cause of the time of the day. For many it is a huge loss and many more time to take profit.
Since it is a bounce it is safer to stay put and hold your position.
The whole market lost 12% while btc alone 10%. It went down to 15% but gained 5% in the meantime.
It is just like a heartbeat, ups, downs and life continues. We hope it does stop at all. According to the article
it states
$7.6 billion in crypto long positions have been liquidated over the past hour as bitcoin's price plunged to $52,000, data from bybt.com
I wish to know when stuff like that will happen. It could be a hard truth knowing folks short or long the market
to gain an upper hand. When things do not fall in place liquidation occurs.
This moment is a strengthening aura to know it is moving forward.
When you hold the dollar you do not see the ground shaking. Holding crypto shows you the green, yellow and surely the red.
It is an experience builder when long term is all you are focused on.
It helps to appreciate when you persevere inflation always pays the dividend.
Holding crypto helps in the long term process to transition from fiat to crypto.
We all can be sure Hive or Crypto will not stay at their price in two, three years time.
Believe it or not either you have more or the demand increases and put pressure on the price today.
Along the way it is a win win now and tomorrow.
Panic could translate all the way to Monday if BTC does not reach $60k. It is also a moment to pack in more btc
and surely Hive. Even CUB is at a low of $3.21. No need to sweat as what will be the price tomorrow. Looking at Hive
and it stand at 50 cents. So this is the dilemma, the system works in tandem. Someone trash is someone else treasure.
You pick your battle.
Be ready for a busy Sunday and a crazy week ahead. Some will shake and cry. Some will be so happy to come in and purchase
everything on discount.
Holding is another way to get through this.
Again be ready to buy till your heart content.
Investment is a risk you need to considerably think over
as a long term plan cause you can lose if you shake your hands too early.
Always invest what you can afford to lose in a flash.
A bounce will always be a bump and life continues.
Posted Using LeoFinance Beta
Over the course of time, I think this will rectify, HIVE hopefully prove it in longer term.
Hive is holding its hand well lately.
Price is no longer the culprit, we are.
With $16+ million trading within 24 hour
something is happening. That trading has nothing to
do with in house trading like Hive-engine and blocktrades.
Opportunity is knocking loudly.
Posted Using LeoFinance Beta
I used this opportunity to pick up some $cub since I sold most of what I had to cover my laptop purchase. So I consider this a nice opportunity to buy.
I know the bull market has spoilt us a little but market corrections like this were a norm so months ago. Money is in a constant influx and it is understandable when things move up and down. People aren't aware of this and panic sell. I don't think we are at the end of the bull run yet. Things will still move upward
Posted Using LeoFinance Beta
Monday will indicate where we are in the run.
Truly it is shake and bake with the market.
Owning crypto will prevail and reward the holders.
Glad you pivot toward CUB. I like that interest.
This is so true! I never thought about it this way 🤔
I think it can be a good thing and a bad thing at the same time, but at least it is transparent and that puts us closer to the methodoly of sciences.
Posted using Dapplr
Crypto does not hold grudges.
It is what it is.
Liked the word transparent.
That way you can prepare and plan better.
!BEER
Posted Using LeoFinance Beta
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