Well, its the market, sometimes it goes up and make green candles but there is no straight up so it will all visit the relatively low prices. This goes on and on especially in the bull market in cryptos like we are witnessing today at the time of this writing. That is why it is important to sell when prices are soaring because the volatility in the crypto market is still a thing and I guess that will continue to be a thing because of the factor of Bitcoin boom and bust cycles.
Bitcoin's price goes up a few months after its halving, it halved last April of last year and now it is in the bull run. After this bull run the markets will turn bearish again especially if there will be more reason to be bearish like an unforeseen global events like regional wars or worse, world war 3 where I guess BTC will be useless from then on, it could be another pandemic where things will go to another halt, then the value of BTC will surely go back a few years as people gets so scared like what happened last 2020 and it also got me worried too because I have no money except with cheap coins that I was able to sell prior as I had to undergo a appendectomy in the first days of January 2020 and by March the pandemic caused lockdowns, so I did got lucky that I had the appendicitis before the pandemic goes loco thanks be to God.
In the past there are more bearish times than the bull cycle time period, so it is wise to accumulate digital assets in the bear market which is actually hard if you do not have the means of earning something. That is why some Altcoins are important to hold by staking because cryptos with staking features always you to earn passive income that you can use for your needs and also for buying other cryptos that yo want to sell in the bull market. It is quite advisable to rage-buy Altcoins or bitcoin during the bear market so that when the bull market happens you can just be relaxed and set your sell order when prices are soaring again, rinse and repeat and it is a long-term perspective technique which is proven to work.
It works the same when there is a momentary dip in the markets/ crypt markets, we have to be always ready because simply, there will always be a dip in the prices that we can take the opportunity to buy back and then sell again within a calculated manner based on past short to long-term price action of the digital asset that we had invested into. It is a good to choose cryptos in the other hand that has a known long-term use so that even if we hold bags of it, we can still enjoy its continual price appreciation although most of the cryptos will still most of the time visit higher prices following the bull run of Bitcoin.
Anyway, I asked mother the other day if there is something that I can have to satiate my nutritional needs following my small lunch meal. I was only able to eat a bit of rice and some fried small grouper fish which I only ate one piece because I don't like it. That is why I had this beans in sweet tomato sauce which is not my favorite because it is high in uric acid but still good to eat because it is still nutritious but must be consumed in small portions particularly by patients with dietary restrictions like myself.
Photography device: Oppo A92
Camera Sensors: 48 MP Main Camera
Camera Mode: HDR
ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥
Posted through the ECblog app (https://blog.etain.club)
I habe already lose about $20 from my last trade as I bought steem as the rate of 0.299 and the price has drop to 0.277, ita a great loss for me, i oray it bounce. Back so that I can recover and collect my interest. Most of the coin is bearing at the moment, and it's a better time to buy any crypto you like. But you must understand that the market is highly volatile so you should create your risk management when trading. Thank for the update @cryptopie but am wondering why you don't always reply on comment.
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If you bought STEEM at .299 which is relatively high, you have to wait until SSTEEM pumps again, then it is the time to sell. STEEM is very volatile but we can wait for prices to get better and sell. Yes, there should be a risk management otherwise we will just wasting our time in this crucial bull run times and get left out not profiting at all.
I respond to comments but sometimes a comment is AI-generated or I just don't want to reply outright because I am sometimes not in the condition to do it. So that is why, anyway I am hoping that we will enjoy this volatility of prices because it means opportunities to make some profit out from profit sometimes and that is what is great about these exciting price action.
I also hope that SBD will not have any problem of being delisted from Upbit otherwise it might cause a lesser profit for earners of SBD but it is part of the game since we do not really know hw the future will bring us even in crypto other than BTC going to the Moon and gets useless when world war 3 happens.
#comment #freewriters
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Do people use AI to comment? Hahahaha, God..... it's crazy, as in how good it is. Hmm now I understand, but at least you know people who who reply with the mindset of getting a reply from you. I follow most of your content ane I like how consistent you're in sharing your post every day, I like to it the same way you do but..... How do manage to do. Would you mind sharingbthe secret, believe me I won't tell anybody... Hahahah, by the way am serious about it.
What price action are you talking about? Because sometimes when am placing a trade I may use the stop loss and take profit but the one I use most is take profit. I gave never use the trigger...... Or whatever you call it, please share it with me, I like to talk to you off the platform if you don't mind, let be friends.
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I guess blogging is a gift but I consider myself as a lazy blogger because of the quality of my posts which I guess should be professionally made but it is just like a daily diary.
The secret is that I do my blogs when everything is quiet or silent and I just tell what I think at the moment. So since things happen in my life, I tell it by writing about it and believe me there are many thing to talk about even though most people really cannot do it but it takes practice and the motivation to do it is of course the incentives that we get from blogging in this platform especially if we are highly invested in it like I did.
Anyway, the price action of STEEM is its way in visiting the high prices and that is what is exciting about it because you know, "volatility is our friend". We just need to put stop-loss order to sell at prices we know STEEM will get into and be patient about it, just look at its chart. For me it is just a question if how much profit I will take because I am already in profit for the reason that my investment is profit and I am profiting from profit now. And of course we can be friends.
#freewrite #comment
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Hahahah, you said you supposed to be a professional writer, that's funny though, you're great bro, what else do you want, maybe I should tell you, though I have have many experiences like others but I know that one thing keep us different from others, our own write-up, as far as it's quality. You don't need to look down on yourself.
Talking about blogging I can see that most time you focus on one community, which is the wox particularly, is they are secret in there too? Maybe someone hasn't bothered you like I did today please pardon me. Sometimes I may like to write but I don't even know what to write about, at least I know that making progress in this platform include posting consistently. That's why I admire you.
Yeah I guess you place the trade on the right time. Mine is even worse as I don't even know how to do technical analysis. I know how to set stop loss and take profit but when it comes to reading the chats, am nothing. How about you friend?
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Thank you for your appreciation @mhizta for my work here, but deep down on my thoughts is should be delivering more but I can't, so I just chose what I can contribute which is to "write my world" so that I will not feel pressured and in doing so it will turn to be an enjoyable day to day hobby/work affair for me and it works.
With regards to choosing to post to the #wox community, its just a matter of habit, plus posts in the wox community exposes your post to many users as this community has many members.
You can do what I do with regards to writing, just choose a quiet time without distractions like noise, music, or people talking, where you can reflect on things and make your thoughts coveted into words,, then you can construct phrases and then whole sentences until you can make a few paragraphs. Posting your own photos is appreciated by many people even if you use a crappy camera phone.
I am doing my own photography and I myself admire the results. Soon I can make better photos because I already ordered the gadget that I want to buy for the purpose unless I receive a rock if that cameraphone gets stolen along the way.🙏>o<
Sometimes I sell at the right time and sometimes I sell in prices that I choose. You can just put a TP/SL in prices where STEEM token price or any other cryptos visits and its just a mater of waiting time and that is what I do. So I wish you good luck now my friend. 😀👍
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Sometimes the market moves so slow not just the fact that nothing really works out without a lump sum investment just the fact that the losses set you back even moths if your not on the favorable side so eventually the point is to make gains. The loss of one is the gain of another I'm referring to when you trade but tell me how do you withdrew and use your gains in daily life is it possible?
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All of cryptos that I have now are house money which is why I am profiting from profit and I use them to buy crypto investments as well as for my necessities. Last 2020 I had an appendectomy and I used my funds to pay for the surgery and it is not a small money, I even sold some of my STEEM to repay my brother that I borrowed cash from during that time. I also had a surgery in my arm and that also drained my savings but it is just now I am enjoying a free dialysis sessions and that is allowing me now to save rather than spend.
Most of my stay here are spent on building my account and that took a long time until I invested more and the money that I earn now will just be my disposable income. I am just waiting for prices to go up and I already sold some already and all that will go to fulfilling my goals and they need a huge amount of funding but God-willing might be a reality the soonest possible time.
It is really possible to have a #betterlife especially with STEEM because of its use case like what we do here in Steemit, it has community and developer support, and a whale playground for pumping prices. The token moves to bullish pattern when Bitcoin gains value and always gives us opportunities to buy low and sell at better prices.
#comment #freewrite
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Interesting surly to be able to use crypto for your support and help payments you had to withdraw to and deposit to your bank or do you have a crypto card. What platform do you use to liquid crypto to fiat withdrawals?
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Do you have a crypto card? As far as I know only Nexo has.
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Unfortunately no I don't and I am having trouble since my bank's here are not yet approved for crypto withdrawal for now I can only buy however I am not yet too familiar with nexo yet..
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Upvoted! Thank you for supporting witness @jswit.
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Congratulations, your post has been upvoted by @nixiee with a 92.4923795586679 % upvote Vote may not be displayed on Steemit due to the current Steemit API issue, but there is a normal upvote record in the blockchain data, so don't worry.
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The author has unique insights into the crypto market and, combined with his personal experience, highlights that investing is not easy. Both currency market fluctuations and emergencies in life bring challenges. However, his investment ideas of accumulation and waiting for opportunities are worth referring to, and make people feel that life and financial management are closely linked.
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