Hello everyone, How are you all? I hope everyone is fine and doing great in their life.
Today we are going to talk about the current market situation and the things that worry many people. Right now, while Bitcoin and Ethereum are still strong and holding their values, the altcoins have dropped by more than 50% or at least 40% in the last few weeks. This is why many people are wondering if the bear market has already started.
Apart from a few tokens, most of them are still trading near their recent lows. If I am not wrong, TAO, ZEN, and a few others like Lido (LDO) are still performing decently. TAO is actually performing extraordinarily compared to other coins, but most tokens are facing the same situation.
So, you do not have to panic because your coin is not alone in this phase. In fact, the majority of coins are going through the same thing, and that is why we should stay calm.
There can be two scenarios. The first one is that it might already be the start of the bear cycle, and maybe we missed the opportunity to sell our tokens at a good price.
However, since we are seeing some positive news such as possible rate cuts later this year and quantitative tightening ending in December, I think we should still practice patience and wait to see if the market rewards us.
Personally, I no longer aim for 3x or 4x returns. A 2x to 2.5x gain from here is what I am targeting for my exit strategy. I will start booking profits at those levels, and that is what I suggest to everyone reading this.
What are your thoughts on the current market situation? Do you think long term holding is no longer beneficial?
This section is for the games I play on Hive blockchain. You are free to skip this section if you are not interested in reading about the games here.
That is the results of using 6 attacks with almost no scraps being there before using the attack. Do you consider this a good attack or a decent attack? I think it is a decent one for me and I will not think much about it.
Thank You and make sure to check Crypto Company CEO services as I recently shared in my blog. You can simply click on the picture below and it will take you to their official website.
