Blood In The Market, Why I Love It

By Astroboy13 | CryptoByte | 18 Jun 2024


Here we go again, red is back everywhere in our crypto portfolio. That may seem crazy, but I love this situation, and I’m going to explain why.

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Peace

Have you noticed that when prices go up fast, just like they did a few weeks after the Bitcoin ETF approval, social media and your crypto friends start saying that this is only the beginning, that this cycle is different, that Bitcoin to 100k is coming fast, etc.?

I’ve seen that, and it’s kind of a trap that changes the way you see the market. Everyone is feeding you their very bullish view and backing their claims with all sorts of arguments. But in reality, even during bull markets, there are retracements that, for Bitcoin, can go to -25%.

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That can be even harder for altcoins, with many of them losing more than 50% of their all-time high price.

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And that’s totally normal. It’s a golden opportunity for long-term investors to accumulate even more tokens. Even though it might seem long, this period is where money will be made for the rest of this cycle. It’s another opportunity to create a portfolio that will perform.

Opportunity

The first thing that comes to mind is the investment opportunity. You probably heard the advice that a part of your crypto portfolio should be stablecoins.

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That’s exactly for situations like this : to buy the dip ! Don’t put all of your stablecoins in if you have some left, but use a little bit to accumulate more. However, we are still in a short-term bearish trend, so keep some stablecoins for later to be safe.

Furthermore, if the prices of some of your tokens are in a buying zone you’ve set, it’s perfect !

This time is also an opportunity to dig into some interesting projects that, for example, might do an airdrop or just to be early in case there is a token launch. It’s much easier right now because there are fewer distractions.

I have found some interesting projects that I will tell you more about in other articles. Meanwhile, stay safe !

As always thank you for reading !

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Disclaimer : This is not a financial advice, you need to do your own research !

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Astroboy13
Astroboy13

I'm a crypto entousiast


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