(Oh hey looks, that's part of my portfolio)
This has been a rough couple of days in the cryptocurrency space, where we're seeing some pretty harsh down swings in just about everything:
- $HIVE spiking up to $0.80, and then falling back down to $0.50 (the chart averages it out so it looks like the high was $0.70~)
- $CUB nearly dropping down to $1.80
- $ETH approaching its previous ATH, only to retrace back to the mid $1500s
- $BTC losing out on over two weeks of gains
- My investment in some random DeFi project went from $700 down to $200, thankfully, this looks to be rebounding a bit and I'm not hurting as bad as I was this morning.
This may be written for myself moreso than for others, but I think it's important to take a step back and remember to relax. Volatility is painful, even if it is expected. I'm doing my best to:
- Take some time off of price charts. If I'm planning on holding for a few months, there's no reason to be constantly looking at the current price.
- Reevaluate my comfort level. If some dips in a space where common advice includes 'invest what you're okay with losing' is causing some stress, maybe I am too overextended.
- Avoid the internal pressure to buy every single dip I come across. Just like with the stock market, I more than likely can't beat dollar-cost averaging.
While we can't wait for wen our investments will go hyperbolic, it's important to try and be patient while we get there.