(Oh hey looks, that's part of my portfolio)
This has been a rough couple of days in the cryptocurrency space, where we're seeing some pretty harsh down swings in just about everything:
- $HIVE spiking up to $0.80, and then falling back down to $0.50 (the chart averages it out so it looks like the high was $0.70~)
- $CUB nearly dropping down to $1.80
- $ETH approaching its previous ATH, only to retrace back to the mid $1500s
- $BTC losing out on over two weeks of gains
- My investment in some random DeFi project went from $700 down to $200, thankfully, this looks to be rebounding a bit and I'm not hurting as bad as I was this morning.
This may be written for myself moreso than for others, but I think it's important to take a step back and remember to relax. Volatility is painful, even if it is expected. I'm doing my best to:
- Take some time off of price charts. If I'm planning on holding for a few months, there's no reason to be constantly looking at the current price.
- Reevaluate my comfort level. If some dips in a space where common advice includes 'invest what you're okay with losing' is causing some stress, maybe I am too overextended.
- Avoid the internal pressure to buy every single dip I come across. Just like with the stock market, I more than likely can't beat dollar-cost averaging.
While we can't wait for wen our investments will go hyperbolic, it's important to try and be patient while we get there.
Posted Using LeoFinance Beta
Patience is tough. Especially in a bull-run year. So much easier to be patient in a bear market where everything goes down anyway.
That is true. A stop was put on all of the excitement.
Posted Using LeoFinance Beta