HOW I SPENT MY YESTERDAY

in Steeming Community3 years ago (edited)

Dear steemit,
It has not been all roses and sun lately. Its as if things have taken a turn for worse lately. The crypto market have been all red . I am a crypto trader . I actually learnt forex Trading well over t the lockdown. That’s probably the only useful thing I learnt durint the lockdown sha . started crypto early this year tho cause I found similarity between it and the forex world but in recent times I have discovered that unlike the forex market , the crypto market reacts emotionally more . news do affect the forex market but not compard to crypto . there os one term in crypto known as FUD-fear , uncertainity and doubt . this occurs when people in the crypto market start panicking

It is a common thing that occur when certain news come out and this always loeads to the dumps in the market . most recently , the big dump that happened today didn’t really kick off today but some days ago when the world richest man , Elon musk tweeted something against btc (BITCOIN ) and then came the beginning of the fear and after fear comes the dump. Honestly speaking from a personal view the dump is something Ihonestly should have happened a long time ago from my technical analysis ,funny enough I look unmoved and the real reason is cause ni am a long term holder and when dealing with the financial market tho, it takes two things courage and consistency. I haven’t checked my wallet sha so I wont faint or anything but bottom line is life moves on.
I believe the market would recover but how long it will take no one knows. After all the market is not your daddy’s business you can control . for now we move . thank you for listening steemit . Special thanks to @alphafx for bringing me into steemit

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 3 years ago 

Nice diary, well done

 3 years ago 

Very devastating

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