Investment without worrying about Short Term Outcome
So today the prices of almost all the coins are nose dipping and most of them are down 15 to 20%. And this is expected when you are in crypto because of its volatile nature. The dip can be seen as the scare Omnicron Covid variant. But again we know that this dip is a short-lived one and people can actually buy the dip so that in the future you will get good returns.
PC: Binance.com
Our investment should be such that we should not worry about the short-term outcome on the prices, even though it goes in negative we know that good coins will eventually rise in prices and if it goes higher which we know will go up anyways long run.
When we are investing in crypto, the market will surprise us even if we take the safest bet. Like who would have thought that a new variant can bring so much blood bath in the market, but again this can be seen as good for most of the investors because we can buy coins which we have always thought of buying when the market goes down. The cause and effect work in terms of supply and demand so now since the scare is actually making people sell whereas people who actually have some fiat are actually buying the dip and thus increasing their stake of favorite coins.
The Indian investors are also selling because of the un-surety about the crypto bills in this winter session of the parliament. Also, I think the correction is healthy because in this correction people who are actually for the long term can buy the dip and enjoy the profit in the long run. I think booking profit is also good to some extent because then you can use opportunities like these to buy more.
PC: Twitter.com
The importance of investing in stable coins is that people can actually use the opportunities like these to buy the dip, I am also doing the same with buying some of the coins which I wanted to buy for some time but could not buy because of the high prices. I am moving some of my stable coin investment to the coins which I think will be profitable in the long run.
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El Salvador is really killing it in buying the dip!
Thats true, I too have bought some though.
#DCA i always buy the dip!