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As always, we see many people in a rush and with lots of questions about the crypto market. As the market falls, many ask, "What's wrong now?" and "Why is it down again?" I am here to tell you, there is really nothing wrong. Let me tell you why.
If you doubt crypto when it falls, it's best to step back and look at it over a long time. Just 5 to 6 years back, BTC was under 50 thousand dollars, and many thought it would not go up. But we have seen big jumps that made many people rich. Today's falls are small when you look back. Even with the falls we see now, BTC is still way higher than back then. These drops, hard as they are, are just part of the big ups and downs that tell the story of the crypto trip so far.
Thinking of Bitcoin's quick rise can help you see the big picture. If you look back, you see Bitcoin saw many big falls before rising. In 2017, it fell over 80% from its top, and in 2018, it lost almost 75% of its worth. Both times, it seemed bad, but now we see, those times were good to buy.
Also, the new 10-30% fall for some coins seems bad, but it's not much next to past big falls. This is why a long view matters – it stops you from selling in panic when things seem unsure. We will see more ups and downs in crypto as more people use it. But like in the past, every low has been followed by new highs.
Those who have kept their coins for the past 5 to 6 years are in profit today even as markets fall. Trying to time the market with short trades often fails. Investors who buy in low times and wait do well over time. But you need to be okay with the big swings and stay strong when others get scared.
It's easy to forget about past crashes when we’ve seen good days. But now, for those new to crypto, it seems like the sky is falling. History shows us that crashes, fixes, and quiet times are part of moving up. Bitcoin, for an example, has always risen to new highs after letting go of the weak hands. Those who can keep calm and think long term will do well.
When the real rise comes, those who sold in fear will wish they hadn't. This is why learning from past crashes and not selling in panic is key. Sure, it's tough when what you own drops 30% in a day. But we know that falls are times to buy more if you can stay calm. Selling cheap only to see it rise again is a big mistake.
While falls are tough, they let you buy for less. When others sell in fear, you might grab a deal. Every drop has proven this. And those who took gains and bought again made big money. The bigger the drop, the better the value looks. If you dare to be different, have some dry powder ready to use when prices drop.
At the end of the day, crypto tests your faith. It shows who can handle their fears from those who can't hang on when it gets rough. Each low shakes out less steady holders, that's what drops aim to do. But it also kept many long-term holders who ignored the noise and are doing well now. Through these times you get discipline and grow your trust in this new money game. It's not easy, but waiting brings rewards.
To end, I say take it slow if you start to worry. Look how far Bitcoin has gone in just a few years, even with many drops. Ups and downs are normal, and those selling now might wish they hadn’t later. Keep a long term view on your crypto and use the dips to buy more, rinse and repeat. Putting money in crypto can be risky, but for those who can handle their emotions, it has shown to be one of the best ways to make money in our time. Stay strong and focused, the race is a marathon, not a sprint.
Posted Using INLEO