Maybe I am a glutton for punishment or more optimistic than most or not the smartest cookie in the box yet I do believe we have a very bright crypto future lying in wait.
With the crypto market being where it is currently and that is down near the bottom there is only one choice left and that is to grow your crypto bags as big as possible. This is not the time for selling as this should have happened many months ago and very few saw the market playing out like it has. Back at the end of last year it was more of a wait and see to see if the crypto cycle was really broken and this has obviously been conformed since.
The upside is the lower the prices go the more opportunity that will exist in the crypto space and we need to remain active to take advantage. Over the last month or two we have had some people say the bottom is in and that is always a sign we are still heading down which is not actually a bad thing. As harsh as that might sound crypto is known to be challenging at the best of times sending your emotions into twist and turns and this cycle has been extremely rough for everyone who is invested.
Since November 2021 which was the period most alt coins registered their new all time highs we have since seen the markets on a downward trajectory. HIVE dropping from $3.41 to under $0.05c is a loss of 98% over the 4 and a half year period, but HIVE is not alone as the majority of the altcoins have had a similar fate.
What is comforting is HIVE is not on it's own and 99% of altcoins have faired similarly with some having performed even worse. When I look at other crypto like COTI which is 98.7% down, VET 98.3% down, Solana 76.5% down, and Ethereum down 66.6% so this is not necessarily your crypto investment performing poorly, but more about the entire market.
Looking at everything being down and not by a little but by a lot the expectations are this will all bounce back and when that happens it should be a big bounce. Not every crypto will bounce back evenly, but at least it will bounce back to levels we will feel some comfort by having higher dollar values again.
This is why the choices that are available right now are limited with selling not being an option and why digging in and growing our stake is the only decision left. One would be crazy to think this is a good time to sell knowing that things could change and do a 10 x or 100x or even a 1000 x over the coming months and years.
The worst thing one could do right now is give up and not stay active because it may not seem that obvious for now, but this will be rewarded in the future. I have a group of investors who followed my lead (their choice) and are down between 50 and 80% on their original investment values. My opinion at the time was that they chose a good price point to invest and investing now would have been far better. This is in hindsight but I still believe they are in a very strong position due to the low price when they invested.
We are not going to zero and the various crypto communities are at least thriving knowing that the markets will turn green eventually. These are the hard sore crypto believers who have been here for many years and were seen as early adopters and the ones who will benefit big time when this all turns around.
Posted Using INLEO
