Hi all...
This is not my day, today I woke up with 2 sad news, one that the market has collapsed almost 20% due to the sharp drop in bitcoin and the second bad news is that my wife and I tested positive for omicron. It is very horrible to see us with this virus since it takes away all my strength, at this moment I am writing this in parts so that the headache does not completely knock me down, since although I am sick, I did not want to lose the opportunity to continue creating content and stay strong.
At some point in our life, we have to make decisions with a cold mind or without emotions since we can be greatly affected. For example, right now the market is bleeding brutally, even in a similar way to what happened a few years ago when bitcoin had a sharp drop and the entire market sank.
Even our precious HIVE lost the resistance support that kept it above the dollar, I was looking at the sell orders on Binance, and I saw how in a single operation they sold 5K or even more.
If it is necessary to find guilty of this massacre, there are 3 possible candidates. First are the Russian comrades, who also took actions like China and banned cryptocurrencies in the Eurasian country. There are also the US Fed's Measures for Inflation or it may also be the increasing correlation of the Bitcoin market with Wall Street that was a disadvantage of the creation of crypto ETFs.
But I also want to add another culprit, and that is the weak hands that sell causing huge losses in value to everyone's portfolios, even those advocates who just wanted media attention.
Now is not the time to cry over losses, for example, I lost 45% of the value of my portfolio since I had invested in different tokens and currencies that suffered more losses than bitcoin itself. In addition, my Hive token portfolio also suffered losses and dropped more than 35%.
And since I would suffer many more losses if I sell in this moment of panic, I prefer to put into practice 3 things that I have learned from the greats here at leofiance during times like this, where the market seems like a pitched Viking battle.
Staking Blocked
A saying goes: "Eyes that do not see, a heart that does not feel". If you are upset as the value of your coins is going down at a very fast rate, put them at stake, you can generate something for the commissions that are made with that coin. For example, I put in staking all the coins that I had in binance for 30 days, and although I know that it can go down in value, they should be blocked and generate something that can go up when this is over, instead of despairing because the value falls.
Create content on Hive and leofinance
What better way to spend this bloodbath than to create content on Hive and Leofinance, while everyone is desperate because they are losing the value of their crypto, you can earn more and more crypto and if we count all the second layer tokens, well you are generating constant money, and when this massacre ends and everything starts to rise, you will see how the value of your portfolio multiplied x2 or x4.
Buy jewelry at a good price
Another thing you can do amid the carnage is to locate jewelry that has high growth potential and is at a bargain price. For example, ETH, SOL, BNB, MATIC, LUNA, ADA, DOT, among others all have a loss of more than 12% and that is 12% that can generate a good profit when everything ends.
The market is bad, yes it is true, but also if we see the glass half full, we will see this opportunity as a golden opportunity to multiply our bag and stack to win in the medium term, remember that bitcoin crashed very strongly in 2018, but just a few months later he made an X4 which rewarded the diamond hands handsomely, so the final decision is yours whether to stay or go.