Hodl on for your dear life
The old hands in the cryptocurrency ecosystem at this stage knows that when we are faced by challenges like this, paniking is one option that is not and will never be considered an option at all. No matter how interesting the journey is, we should knows that when it comes to cryptocurrency moment like this are normal. In fact when the great Nakamoto Satoshi created cryptocurrency ecosystem and the blockchain at large, there is no place where he wrote that the journey will be an interesting one. He never for once stated that the moment you key into cryptocurrency by embracing the blockchain at large, you will be making gains up and down. The bear market that we are seeing today despite it negative effect has it purpose in the cryptocurrency ecosystem. It is simply serving it purpose. Painfully we all might not like it simply because when it comes to the bear market we all knows that it is simply a market where loosing of money is hard unavoidable.
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We all knows that there is nobody out there that loves to loose money. Even though if you are having it or making it in abundance, you still will not want to loose it cheaply. Thinking of the stress that involves you getting the money and all that, you will never wants to waste it cheaply. The ups and down in the cryptocurrency ecosystem and the blockchain at large are what makes it interesting, fun, challenging and fantastic. If you understand cryptocurrency and the blockchain at large you will complain less when it comes to the cryptocurrency ecosystem and the blockchain at large. I have chosen to pay less attention to the cryptocurrency ecosystem and the blockchain at large right at this moment, this is holding to some certain reasons. I don't want to develop HBD for any reason.
Right from the moment that I key into the cryptocurrency ecosystem I have known that the bear market is part of the cryptocurrency ecosystem. Because I knows all this, I am simply maintain my lane and chosen what I knows is right to do in the crypocurrency ecosystem. I choose to pay less attention to cryptocurrency simply because I don't want to complicate my health at all. I have been seeing people saying that since they have embraced the cryptocurrency ecosystem and the blockchain at large, their health has been compromised. This is really bad I must admit. Well, for those who can't hold because I simply knows that holding is not meant for everybody. The reason I said it is not meant for everybody i.e referring to holding. They are some person's out there, there is nothing you will tell them, they can't hold for long. The moment they see or notice anything in the cryptocurrency ecosystem, like a drop in some tokens, they will just go ahead and sell. They don't for any reason like to stress their selves at all.
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As for me when I am caught in the bear market all I do is to make sure that I pay less attention to what is happening in the cryptocurrency ecosystem and the blockchain at large. This is holding to the very fact that I don't want to compromise my health just like what I hinted above. In a situation like this, I believe there is no dirty December for those into cryptocurrency, this is simply because the cryptocurrency market has decided to take a switch on us. The cryptocurrency market is simply in a bear period and this eventually means that people are running on loss.
I won't talk much but without much discussion we all should knows that right at this moment in the cryptocurrency ecosystem and the blockchain at large, we should be holding on for our dear life as things in the cryptocurrency ecosystem is on the negative format. This is really painful because we are currently in the bear market and we all knows what that means. I just wished things can change in the last few hours so that we can eventually celebrates amazingly and fantastically.
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I will end this post here, if you have anything to say please air your view by commenting under this post.
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One of the main issues that new crypto investors face is panic when the market is volatile (something that is inherent to crypto). This volatility scares retail investors because they are not used to seeing charts go up and down so hard in a small span of time. In the end people should be more financially saavy and learn a lot before investing, which is why there are so many crypto courses, educational videos etc. Leo Finance aims to give financial freedom through crypto and finance education from peers, so thanks for sharing this post on Leo!
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Great picture! The one with the fuel-coffee and Bitcoin 😜😉
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Those who panic are those who sell off quickly when they see crypto tokens going down without making any research or understanding how the ecosystem works and in the end, they regret such quick decision.
In times like this, one need to pay attention to how the Blockchain and cryptocurrency ecosystem works and be patient because things like this will always happen. Everyday won't be a rosy one, there are bound for challenges to occur and at that moment, we need to be extra careful and not to take any drastic decision.
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