CRYPTO CRASH!! Over and over. I know. I was thinking earlier and took a step back for a second. Thinking about these recent drops and the fact that many holders are likely upside down quite a bit at this time. Why? What happened this morning, this afternoon, 5 minutes ago. It's insane the amount of news that comes in and affects everything when the world has an influence over it rather than just your State or County. This is global baby! Big picture thinking will help make long term decisions rather than seeking short term high risk. Position in a way that you can maneuver many ways if things go the wrong way on you rather than only settling for the first option you find. But i digress...
What would i do if i had a ton of something i wont be able to trade until the market recovers? This may be a while to rewind the clock price-wise back to November and December. If i was, we would be I would might think about securing it. Its no good to me until its positive. With that said, it is possible that many big money holders are moving their holdings to wallets for security purposes until the storm passes. That may partially explain the reduction in market cap and unfortunately price. This is likely making them feel better about their decision to remove from exchanges and put into their wallets but not knowing that they are assisting the price drop. This may mean that these big players will be waiting with their holdings in storage until they see new money into the market. To confirm that there will be a true direction change or perhaps hint at what the future is growing into.
I personally think prices will be jumping in the very near future. Mass panic can become mass profits if you can accumulate at the bottom. Coupled with drop of prices during this currency regulation circus, most coins can't help but be pulled down a significant amount. I'm picturing a rubber band. Each news break or rumor pulls that rubber band tighter and tighter. Many bag holders left with balls of steel. Tighter! Tighter! I am doing what i can to accumulate before this slingshot is let go! More slight drops will likely happen too (I am not about candy coating things), but from a different perspective you could be seen as layering your trades and getting all your work done before the week starts. Stop looking at those trade trackers. What should myself and you all be looking at to improve perspective? Please share links, tips....
What do you think?
What are you thinking about?
Please comment, follow, upvote and resteem! Value in busy minds. Where to direct them?
This is not investment advice. Yada yada.