Bitcoin crashing

in #leofinance5 months ago

Hello!

I'm seeing Bitcoin crash as I write this words. We are currently at $61,000 and the sentiment in crypto twitter is very negative.

I'ts hard to manage the emotions in this crazy market, the most common mistake is that you want to make moves when the best thing you can do is to just be quiet. I am seeing this among my non-veteran crypto friends that I have. They struggle to have a north star, a master plan.

To fight this feelings I suggest them to use 1% of their portfolio and try to gamble and make moves with it. You satisfy the human urge to gamble with this and your portfolio remains unaffected.

During the years I've made a lot of mistakes but I used this strategy to be entertained when things get boring or there is blood on the streets.

Could $61,000? Be a local bottom? Maybe.
If you take a look at the chart in the last months it touched this level at least 8 times. 6 of them it rebounded closely after.

HIVE has rebounded from the $0,21 and now is trading at $0,24 while Bitcoin is dipping. It doesn't make any sense, HIVE moves at it's own direction. It doesn't move when the market is pumping and it doesn't crash when Bitcoin is crashing. It's funny to be involved in an altcoin that doesn't follow the markets as closely as other altcoins.

I hope you have a great week!
Stay safe out there.

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high 40s inc

All to be expected - we'll still be at a new alt by the end of 2024.

I'll chew my own arms off if hive doesn't dip shortly!

Do you want to buy more cheap HIVE too?

Actually I just swapped some for BTC - one of those rare moments it was up against BTC. I did pick up some more Hive last few days mind!

TBH I've got enough Hive I'm more interested in stacking HBD than anything else!

I love HBD. I plan to stack as much as I can at the top.

I'd like a few 10s of K fer sure!

I think we might see a little dip from Hive, nothing much maybe by tomorrow or next and by then BTC would have stop dipping. Anyone who got hive at 0.2 would have just made a decent profit.

It's not yet August or September, for now the market will still continue to be flat I guess.

I think we might see a little dip from Hive

If we see a dip for Hive I am ready to buy more.
:)

We are still in this 59-73 range so Im still not worrying at all. Would have to touch and flush decent before making a meaningfull bounce I guess.

(but yeah....hoping for some decent bounce because these prices stink)

I am also not worried. These are natural corrections during a bull market.
Last opportunity before the take off?

Let's hope so! Bags are packed and waiting for takeoff

Feels like we have been stuck in this range forever now even though it has only been since March

Yes, it gets boring sometimes.
But those who hodl will get the rewards!

For real bro, the market's wild swings can be tough to endure emotionally. I believe holding onto a strategy helps like using a small part of your portfolio for riskier moves while keeping the rest steady.

Yep, I recommend you do the same.

Absolutely brother

If you were 100% in HBD and $ now, at what price would you buy HIVE?

Everything below $0,20 is a screaming buy for me.
What about you?

I will buy at prices where ETH will be around $400-800. I think by this time HIVE will be below $0.10. Until this time, I will accumulate HBD at 20% per annum.

I'ts a conservative approach. I love HBD and the 20% APR.

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That's the market for you friend. Sentiments tuggle price. I see a resistance at the $60k at most for BTC. The bulls will be strong here in case it dips this far.

 4 months ago Reveal Comment