Market health and steps you should take to avoid huge loss!!!!

By Jreck | Allboutcrypto | 19 Jan 2023


So we meet again,

How are you guys doing?

This is Jester and I am out with one of my non-sensical article that makes sense only to me😑.

Hey, I was kidding but I bet you knew. 

So what brought about the market to drop down by more than 3%. Is Bitcoin ready for a bull run to hit the 'the glorious 100 thousand grand mark'. According to experts, yeah not me*, 

If bitcoin crosses $22000 in the next week, there is a chance that it may cross $25000 mark by next Friday. Okay, 

The experts are sensical bastards who make no sense 🙃, at least to me to a certain degree.  Guess I am a stupid one. But they are veterans and I have my own experiences to trust them with at least my incomprehensive attitude to be held by me towards them. Nothing new, right? 

Enough with trash talk, let me get to the point. 

The most important thing is '* don't panic'. "Hey dude, that is getting pretty old. Get a new one". You might say but I just have this so let us make do with it. The market is all about us and there are people who impulsively follow what they should have not and yeah there are the whales who manipulate market. Cold whales eating up all the goodies in the ocean of crypto.  

Bitcoin is going to make a comeback this year, according to my findings I' d say it should just be like the year 2020 after the 2017 boom. It follows like the 2023 boom right after 2020. 

Yeah, I get that you noticed a three year gap pattern, pretty childlike right?

Following Bitcoin are the altcoins which definitely are the best to lookout for huge profits and otherwise is possible too. I am going to recommend a project in the end so make sure you read my unhealthy and head scratching article. 

The most plausible argument would be that the engagement in the crypto market has increased and the greed index is normal hovering around 51. The fear of crypto market has dropped too. It is during recession so how do you react to it. Recession is a hard matter to ignore. It is no background character of some 90's drama sitcom that can be ignored. It is more like a supportive character and here I mean to the market. 

So, what is my answer. Just live your life, a cliched sentence where even my dog reacts like he has no hope for me. Painful right. 

My reality move would be to wait it out just like a loser but I would invest when the time is right.

My advice to you guys is to invest when the market hovers at a trading volume of $45-60 billion. 

Reason:- I noticed the visits to these metrics have dropped on coingecko, coinmarket cap 

 and bitcoin.org. what it means is the market is moving on impulse of us investors. It isn't bad because that is the only way the market makes profit. The only problem I see is the investors can easily abandon their investments to avoid losses as the market health is halfway recovered. Possibilities do exist that it may bounce back but you can never be sure. Better safe than sorry, right? 

I am thinking the way it has to be to me. You guys, follow your heart and I mean what you decide with a sober head and a happy heart, dumb Idiots! Don't worry I am included too. 

You remember that I would share a project that could be a good investment. Why am I sharing when I said I would wait. Contradicting, right? 

Well, I did say that but I also said that I would invest when the time was right and to me this project serves the purpose. 

 

I have gained around 10% profit and the price movements aren't that bad. It may give a loss but remember, you can't do a thing in this world without risking. The title of this article says 'avoid huge loss' not completely eradicate it. Risk factor is what makes the market so fun and painful. Ocean protocol is a safe bet to me. How about you guys? 

Comment your thoughts on it and I gladly welcome you to share your ideas so I can serve some better and digestible art pickle( remove the 'p').  Only if you have free time to do so else put your time to a better use. Like commenting and sharing your thoughts. Back to square one, huh 😅. 

Have an awesome day and to you guys who are having a blast at night, sleep and drink 🙃. That way you, fine I don't make sense. Just enjoy it..

By,

I, J-ust recked my article,

Peace out. 

 

 

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Jreck
Jreck

I am a snappy snazzy and cool chap who is finding ways to help people in all terms be it earning or spending. Stay tuned to my profile and have your knowledge improved with great extent.


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