Cryptocurrency Market is Down!! Time to Buy the Dip?
Hello Everyone,
I am good and I hope that you are doing well. Today in this video I have talked about the current market situation. The crypto market is in a downtrend and every coin price has dropped. I know that this is not the first time we are seeing this type of market momentum and probably not the last because it will happen many times so we need to be ready for this and every time this comes as a surprise for us.
If you are holding money in the form of stablecoins then this can be a good opportunity for you to buy some coins at a discount but again it is only a good decision if you are here for the long term and I am not sharing any sort of financial advice here. I do buy tokens when the market is down and it seems that the crypto world is ending and trust me it has worked many times for me in my favor when the investment turns out to be more profitable.
I know that crypto is not going anywhere so whatever I'm investing now is going to be for the long term and this will bring better profitability on the investment if I invest in the projects with potential
Its important to track the market update in this situation when there is a lot of negativity and I still believe that crypto is not going anywhere. If you get to see some opportunity or buying then go for it provided you follow the long-term goal because things might take some time to recover.
I hope you like this video and that the information I have provided is helpful for you.
Thank you so much for your time
Have a great day
▶️ 3Speak
I think we are facing a buying opportunity but I wait for $20,000 before buying something, at which point HIVE will have an attractive value.
I agree that this can be a buying opportunity but not for the short term I think. Buying hive at this price is still a good option
Thanks for this exchange of views. I expect it to drop to $0.30 and hope it reaches this level. so far it has come very close
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As an investor, buying the dip is always a good idea. After the dust settles, prices will rise again bringing more potential profit for the long term investor.
absolutely right that buying the dip is the best strategy but its hard to figure out the bottom. Its good to buy when there is a good price drop because you never know if its going to drop or increase..
Yes, that's a tricky thing with finding the bottom. There could always a lower bottom than the price one bought it for. For me, I try buying the dip once :)
You said right whenever the market goes down then we have an opportunity to invest in crypto. And we should take advantage of this opportunity. And very few people can take advantage of these opportunities. Many people get scared after seeing the beer market, they feel that everything is going to end now. But this does not happen. Only we have to think about long term investment. Like you are saying
This can be a good opportunity for those who believe in the long term and this is a good strategy to make money in the crypto market. Thanks for sharing your comment
Who knows why the market is going down? What if it is as a result of the fact that SEC is to sue Binance and Coinbase...
Sec sued Binance and Coinbase both this week but market seem to getting better
Yes it was market crash that made the market red. Meanwhile I taken the advantage and converted my almost 400 HBD into hive. Today I am also going to burn 20k Dec in 5 year splinterland initiative. There are so many people participating in this initiative and I am also going to do same.
You are someone who knows how to make the most of available opportunities and this is so good. Good to know that you converted HBD to hive and even I did some yesterday because this can help us have more Hive.. Good going
This is a temporary situation and it seems like we are moving towards decentralization because decentralization means no leader and cz is like a leader in the crypto space which is not good for the crypto industry. Crypto will be there without binance so it is not time to panic and be happy with any type of situation.
I also think that its a temporary situation and the right time to accumulate more than I am trying to do. There is nothing to get panic we need to act with patience that can turn out to be a good decision
You are absolutely right that crypto is not going anywhere.
I think it is the best time to invest in crypto?
Almost prices of all the coins are going low.
Nice informative video.
Yip, I bought the dip.
Added to my Hive stack and took it off Binance to store in my wallet. Only two more years to go until the peak ATH prices again. Patience and determination are the assets of the sadhu and the investor.
This is great and its a good choice I think. Patience pays off in the crypto market and we need to have it.
I am curious to know- Do you know Hindi btw ?
I visited India on three occasions, in my youth, for a total of about a year spent in India over the three visits. I studied a little bit of the Sanskrit Bahagavad Gita and Bhagavat Purana, staying in the ashram in Vrindavana Mathura, as well as Mayapura, West Bengal, and Jaipura, and Jagannath Puri briefly.
I never learned more than a few words of Hindi, and some Sanskrit shlokas and words. I have memorized several Sanskrit verses from the Gita and understand the concepts of Sanatana Dharma. But I can't converse in Hindi just yet.
I've bought the dip. I love the dip. Because after dip always comes the climb. 😎