Constant Prices are Boring
It's been months now since Bitcoin is sitting at the $25-$29k price range. This kind of trend was exactly what was going on in the 2017 pump and somehow the same movement that happened in the 2021 pump cycle. Everything was just consistent and it was becoming to be boring at that time but those who have extensive knowledge of what was going on were the actual winners of the race.
If you've been following how NFTs and gaming were on the rise during the 2018-2021 period, for sure you've profited a lot in the 2021 bubble. These boring moments for traders and investors, have to be relevant to what will happen in the future. I see it this way if we sell our tokens because we think that the market is very boring or we see that there's really no activity in the chain, then I think pumps will continue to rise. If we keep holding, whales will keep us believing that FUD is still around the corner. I think that this is a game of patience. If you lose yours, you'll eventually lose.
So if you're new here and losing your patience in these boring times, please re-think and reposition your assets. I still think crypto is the best investment to make this year and will give you time to multiply your investment to an unimaginable return. The reason is that cryptocurrency provides is way more step ahead and more futuristic than the existing centralized ones. The second reason is that the banking industry is under constant scrutiny for mismanaging our funds. There has to be a reason why at this moment, the banks were exposed. I'm trying to balance my crypto and fiat as cash is king, but constant DCA has been a thing for me.
Posted Using LeoFinance Alpha
I know this boring feeling.
I just fear that this time the winners are the meme people. Because $1b mcap in few days is just too crazy for comfort
Meme people are still controlled by big guns. If you're lucky to catch potential meme coins or you're very much willing to risk some of your $$$ for a fortune, it's a good area to invest.
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Let the whales keep bringing FUD to the market, I'm hodling, now is not a time to exit the market. I also think that crypto is the best investment to make because the recovery will generate great returns :)
Holding and DCA (if you still have the $$ to invest) are the best things to do in these boring moments. That's really a good move, HODL!
Yes, they're a slow but essentially activity to do during that time. I occasionally do DCA on doe crypto projects.
@Korver
Cryptocurrency have always been the best to invest.
But actually a stable price is not preferable
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