It has been a really bad day for cryptocurrencies across the board. Everything in my portfolio is down bad and my investment has dropped by at least $5k.
In everything, I like to take things into perspective by comparing where I started from and where I currently am. I started with Zero and now I can lose $5k and it isn't even up to half of my portfolio value. That is monumental growth and it is the reason why I encourage people to keep calm and hold.
There's still so much to come in this bull market and indicators show that we're still very much in it. Regardless of the paper hands that are dumping, there's a lot of accumulation going on in the background, so I'm sure things will get exciting in the coming months.
I'm staying patient, and instead of ignoring the noise, I'm just soaking it all up and improving the strength of my shock absorber. zto survive in this market, you need to have a shock absorber and look out for signs that others don't see.
That's been my specialty over the years and I talk about them openly on my blogs. For example a moment ago, I talked about how India consider lifting crypto ban and previously, it was about how institutional investors are still accumulating Bitcoin.
These aren't "sure" indicators but it is still nice to know that good things are happening in the background. If you focus too strongly on the mainstream and gripe on social media, you'll miss out on the nuances from smaller bits of news. You just have to develop your mind and heart to sieve out the useful information and then act with your head.
Take profit if you have to, hold if you have to but in everything, be conscious and aware. There's still so much to come in this market, so don't lose hope. Keep calm and hodl.
Don't worry that much about the dump. Just big crypto whales decided to dump the market and they will buy a lot when the price will drop and pump everything egain and again when they run out of money. They usually spend a lot, so let's just wait for the next moon !
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There are already some early signs. Steem has recovered and SBD is already at $11
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