Life in general is in a constant flux just like the waters of the river and like Heiraclitus rightly said, you can't step into the same river twice because everything in life is constantly changing. Everything implies anything and includes therefore the economics of the world market.
Source
The world market has never been on a stable level. It is either things are moving higher or lower and this is where traders take advantage to enrich themselves but of course at the loss of some other person. Life is never balanced and so it will continue as long as we live because of the diversities of interests and individual quests which remain unsatisfactory.
Looking at the crypto market and the recent decline, there is serious tension. For some it's a bad moment and for others it is the best moment to hit a jack pot. Well, what is the lessons I am learning and what am I doing to stay safe?
Beginning my crypto journey on hive and moving ahead has been awesome. In fact, I never imagined myself to be a crypto person but of course one thing in life as I stated earlier on is change which is constant. Change came and I embraced it and I am loving it. In my journey in the crypto trading, I have made both losses and profits and these put together make my experiences more wholistic and make me stronger and much more educated in the things I do.
Learning about the decline in the crypto market now, I am getting more experienced in this field. And that is consolidating my ideology with Heiraclitus that nothing is permanent and so I must be watchful of the signs to know when it is safe to do something new and not do.
I am a victim of those who never trusted the potential of bitcoin when it was just starting. I never ventured into it because I thought is was all a shit and never leading to no where but today I regret it so much that I didn't do what I should have done. I mean just imagine that I even tried to acquire at least one Bitcoin, I would have been a big boy now, hehe. But now look at me, I can't even successfully toast a girl because there is no money, haha. Well, it is well.
Source
One great lesson I have learnt in the crypto market is that no coin is permanently on a particular price. Just few months ago hive was trading at about 0.40 to 0.42 dollars but only to be dropping so deep to less than half. I made a move when it got to 0.28 to acquire some hive so that when it rises I sell it off and make profit but it disappointed me and now I am just hoping it rises again, hehe.
Well, I am learning to make good use of any drastic drop in the prices of some famous coins as it is almost 100°/° sure the price will rise again. Although one has to be careful in making any investment so as not to incure losses.
I am doing my possible best to stay safe and sane as I navigate my way in the field. It is a whole process of continuous learning and that involves giving ears to experts and reading some articles that tend to give information on the movement of the market so that one would not delve into an investment when it is not safe.
At the moment, I keep my funds in hive in HBD and HP. For me the HP is beyond just defining my growth on hive. It is a big investment because when hive eventually rises, its going to be a big hit.
For now, eventhough the pay outs on posts are not so much as I would desire but its fair enough to stay tranquile and not panic. I will keep improving my knowledge on crypto as long as I live and strive for a living. Its been so helpful to me I must confess.
This is a response to the Thinkers Conner's monthly challenge for the month of August organised by the crypto boss @kenechukwu97. It is always a pleasure participating in this challenge as it gives me the opportunity to do some introspection and exercise my writing skill.
Thank you for reading and not missing a full stop. Have a great time.
Posted Using InLeo Alpha
