The bloodbath that was, and the diamonds that will follow
Yesterday was a bit of a bad day for crypto, red as far as the eyes could see. Minnows and whales alike were panicking and selling off their coins, you could hear the sniffles of the guy who took money out of the college fund to buy bitcoin only to see it drop below $3,800.
But me on the other hand, I got super excited. Red is AWESOME!!!! Red means my dollar can buy more coins than I could yesterday.
I don't really invest personal cash into crypto, at least not sizable amounts, but I generally push my post rewards from here into either powering up (if the price is right) or buying alt coins.
Below is a list of what I'm invested in and holding LONG. I don't expect these to jump tomorrow (though I'd love it to).
STEEM - This is my power ups here on Steemit. Every few posts I'll do a 100% power up to ensure I keep money flowing in here while its still low.
BQX - Bitquence is touted as a new platform that is designed to make crypto easy and accesible to the masses by having a universal secure wallet to hold everything in 1 place, as well as being able to trade directly out of the wallet. Plus allowing you to deposit fiat so there is minimal need to visit any other sites.
CVC - Civic is aiming to unbank the banked. Instead of bankers trying to get people to join their bank, Civic wants to get people to ditch the banks all together. This is touted as one of the top coins for the next 12months
OMG - OmiseGo is another amazing FinTech company that is looking to revolutionise the way payments are handled. Again another top coin prediction for the next 12 months.
So when you see RED, just remember that its not all doom and gloom, they amount to buying opportunities. And those opportunities can lead to diamonds and the billionaire lifestyle that we all aim for.
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This post has received a 1.04 % upvote from @drotto thanks to: @banjo.
today is a likely buy opportunity for bitcoin and i will put in another 200
In my opinion there are three reason why people panic when we see red. They don't really understand the tech, they are purposely trying to engage fear in their readers so the price decreases and they can buy at a lower point or lastly they have too much invested. It also can be a combination of the three.
Personally while I watch the markets daily I am in for the long haul, mostly in ETH, and when my portfolio took a near 35% loss I didn't mind. I am not over capitalised, I believe I am holding the right coins and I will buy more on the red not sell.
100% agree mate. People forget that this isn't the stock market. A 50% drop is nothing to be scared about.