The Market is Enjoying the Free Fall, You Either Hold or Invest in Use-Case Crypto Project

in Project HOPE2 years ago

I am not a bearish person, so do not see me as a person who sees join in the market crashing down like the 2008 housing crash, also I am not an overtly bullish person because most bullish people who create posts and vlogs are just trying to sell you hypes and bluechip cryptos. I am a very realistic person when it comes to project and when it comes to looking at the market.

It is good that we all get this clear. Anyone selling to you that the general cryptocurrency market is going to go past their all time high this year, is selling you speculations that do not even have a chance to proof it. You know when a Jew is trying to sell you a bible? Yeah, you get that illustration of the wolf of wallstreet.


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The Market likes to Loop it

Repeat, Repeat again!!, Repeat again!!!. This is what the market likes. The market likes to look at its past history and play into that shape unless there is a force changing it.

The market doesn't move on its own, it is as a result of emotions people put into it. I am not one of those that will say that the market doesn't deal with emotions. I will say the truth that it does deal with emotions, in fact it has emotions.

If you have checked since the history of Bitcoin and have studied the play after every Bitcoin halving, you will see that the market is always on a joyous mode 1 year after a halve and then the market tries to retrace itself and correct itself to a sustainable price. The price doesn't go below the previous low before the halving, and sice we all know that the Bitcoin market is a yardstick for most cryptocurrency, then we expect that all other market follow suit.

I am not your financial advisor, but I will not sell you cherries for apples

While you are advised to do your financial research as well as see a financial advisor for your financial problem, one thing i would say is that the bear period is a period for accumulation but if you decide to accumulate during a free fall, you expect to get a hit before it starts to get itself. I have often predicted that bitcoin will drop to its first support where the market cooled after the breakout during the bullish takeover.

Invest in Projects and not Thin air

At this point, a lot of mighty (in terms of market capitalization) are falling, and so many will still fall. When Bitcoin falls $1000, alts will fall like Humpty Dumpty, and so, it is advisable to keep your investment where your mouth is.


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Invest in projects that have use-cases, project that can survive this test of time because over 10000 cryptocurrency project will die, so many will be NFTs with no inert value or used cases, Defi with High APR while people convert to satblecoin as safe haven, and so on.

My Advice: Do your Due diligence, do your homework and invest where your mouth is.

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There is despair in the framework of the unknown, that loop that you name that affects us is something that we did not expect, but we must continue to wait, gravity is not wrong even if it is the other way around... what goes down must go up hahahahahahahaha

what goes down must go up hahahahahahahaha

My brother, that law is a strong one indeed

This is good advice, project that have little use case easily crumble when there are storm in the market there are various utility projects out there with future potential i would say carry out good research before investing.

The best thing is to make investment after carrying out appropriate research and not the other way around.

The points with which you ended this piece are top-notch. Investing in the worthwhile project is the way to stand tall in when the moon finally shines. Also doing your research is key and taking profits is a way to guard oneself against cases like the one in play now

Research before making any form of investment is really important.

it is top 2 on my list

Currently everything is falling and investing feels like trying to catch a falling knife.
You buy something and next you know it is down in red.
Hopefully there can be some bargain investing into some solid projects.

The red market is really heartbreaking right now, but there will certainly be a market reversal at some point.

Well, I think there is no need for optimism to get me bullish about bitcoin in the long term. Realism alone is more than enough to get me quite bullish. History might not repeat itself, but it will certainly rhyme, and if bitcoin doesn't go past its all-time high this year or even next year, it's ok I'm not in a hurry

Thanks for sharing :) @gbenga

Thanks for your time buddy.

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