Keep Holding- Market Turmoil Invokes Fear

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The cryptocurrency bloodbath continues. It's shocking to see a major inflection point after a massive runup. After quarters of gains we see red everywhere.

It was shocking to see stable coins destabilize and go below one USD. I won't get into some of the implications of this, and the belief that Bitcoin is a safe haven in a storm have been questioned. The cryptocurrency market is unquestionably linked to the stock market in performance.

The NASDAQ didn't fall like an elevator today but it continues to be on unstable ground the Dow itself was up a tiny bit and the S&P 500 is hovering just above $4,000.

The current market conditions support a drop recession is being priced into the stocks and it looks like the cryptocurrency market is following harshly.

Fear makes us react. Be proactive instead. Fear makes us do things that are irrational, and causes us to be hasty. Piling towards the exits during a crash can be deliterious to our financial house. We need structure in our trades and in how we approach loss. If we will indeed face capital loss, we need to set a level of loss we can accept and stock with our plan.

Take the action you need to be safe in your current financial position. Be ready to hold and do what is necessary for yourself and your family.

What are your thoughts on these market moves?

Posted in Hive and Steemit