Cryptos in free fall. Sell, give up, hold out?
I must confess to feeling a bit discouraged and perplexed. All that crypto bleeding has me pensive. Logging into my Binance app and seeing everything in red and not a green to influence me any shred of hope, is quite disconcerting.
Source
I know many others are going around like this. Already @actioncats (in Hive) stated it in this post a few days ago. Lots of analysts are writing about it, I haven't peeked at @leofinance, but the feed must be cluttered with posts on this topic.
I was telling them that I've been thinking, what to do in such a case? And I wonder mostly as a content creator. Because that's what I am. This is my product and these are my companies. I'm not on wordpress or blogger or some other blogging platform. I'm on Hive, Steemit and Noise.cash as the main networks where I make life on a daily basis Blurt, from time to time). I create content through my posts and comments and seeing coins with such low prices, makes me think if it's worth to continue, otherwise it's better to sell e and give up this unstable and fluctuating crypto world.
(Screenshot from my phone)
The questions arise: Do I sell what I have in my portfolio before it continues to lose more value? Do I invest in a greener currency because it seems that the market is going to go for that trend more favorable to the environment? Do I dedicate myself to my other profession of speech and training in Public Speaking and Human Relations, I will be paid in dollars and it does not go up and down as much as cryptocurrencies? I give up cryptobloggin and I don't believe anymore? On the contrary, I think too. Should I publish more and better (which obviously I do, so that I can reach the money) and thus produce more? Do I power down?
Questions come and questions go. Browsing through the Project Hope feed I came across this post by @sumit71428 that talked about patience and the importance of having it in these down times. His words were short, but substantive (unlike this cataract of laments that perhaps no one is even reading anymore). And they produced a response that inspired this post that.... (ok, I'm sure I'm "talking" to myself... 🙄) I'm posting on this occasion. My comment was as follows:
Maybe I won't sell, but I did think about not investing more >Money? No, time and effort in creating content here, on Hive, Noise.cash and so on. I feel like it's all in vain and this will continue to free fall.
And yes, I admit, I have thought about selling what's in my humble portfolio, but I know it wouldn't be the best decision.
Pacience, then, my dear. It's the right thing to have at this time. We will do it and it will pay off. We hope so.
Thank you for your reflection and words of encouragement. A hug.
This is what I decided: to be patient. Be patient and in the meantime do the following:
🔸 Not stop creating. Publish, publish and publish. That obviously equals investing (we buy tokens with our content).
🔸 Keep investing my time and effort. Eventually the market will go into upswing and everything will be better.
🔸 Holdear as much as I can. Not spend or sell more than I need to from my daily earnings (I collect from my posts).
🔸 Train myself more on crypto investments and finance.
And keep calm, cool head and lots of patience.
Cryptos in free fall.
Sell? No
Give up? Never!
Resist? To the end.
What will you do?
Thank you for reading me.
It takes patience. Sometimes the market might not favour trading but one must keep going and keep pushing. Because at times trading can really be frustrating
That's right, my friend. Sometimes it despairs to see those numbers in red. I'm not a professional trader, so I just rely almost that much on hope. Hahaha.
Hope, patience and hopefully we will see results. Thanks for commenting.
It is frustrating when you see your money falling. It is heart breaking. I see a turn around very soon though
As per my thinking it's the time to just hold and sit tight and if you have spare money you can buy some good coin for long term and just forget for 5-10 years.
Imagine, 5 to 10 years. But yes, that's how this crypto world is. I don't have much to invest, but what little I can I buy to hold and keep waiting.
Thanks for your comment.
Never give up. I believe the market is getting green again, it is time to hold and if you have spare cash, buy more.
Thanks for this nice article @garybilbao
I have done so. We have to hold on. I know it will get better.
Thank you for coming.