Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on April 24, 2021, 11:18:42 AM
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To avoid some heartache, headache and therefore some stress, I decided to stop looking at my portfolio tracker since I don't want to see the sea of red which is now affecting the whole cryptocurrency marketplace.
I know that all things are just temporary so maybe some few days from now we can see some greens already floating on our screen, and we can be back to exciting growth rates again.
April has become the Red Month for all of us, so I am hoping that come May there will be more Greens.
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I have Blockfolio on my smartphone for years, but I only open it once a month (or less) to avoid what you say. I'm not going to have a heart attack or fall into a depression, I just don't open the app. I only have some notifications set for some coins/tokens, but nothing else. Unfortunately, I know people who spend their days opening the app and can't seem to lead a normal life without opening Blockfolio or Delta.
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You are saying right!. Market moves in both directions upward or downward. And this is a correction that is a part of market. So, don't take any tension. Just wait for recovery in the market. When market is stable all crypto coins are growing.
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I keep track of my cryptocurrency portfolio every day and I will not change my habit in the near future. Despite the fact that the portfolio is now minus, but by the end of the month it is still a plus.
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I think that many of us have a crypto portfolio that has sunk by an average of 10-15%. But we all understood that the growth could not be eternal and the correction was inevitable. I am more interested in the question of whether there will be a rise or we will drift in this state until the summer, and then it will be time for holidays, etc.
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I think that many of us have a crypto portfolio that has sunk by an average of 10-15%. But we all understood that the growth could not be eternal and the correction was inevitable. I am more interested in the question of whether there will be a rise or we will drift in this state until the summer, and then it will be time for holidays, etc.
the situation will change in any case, because the trend of the cryptocurrency market is on the rise. today there is certain negative news, as well as a coincidence of circumstances that in one way or another affect the cryptocurrency market. among these factors may be Biden's desire to raise taxes for wealthy people, but also problems with electricity in China and some others.
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It was very difficult when we were dominated by the market and the negative news in this correction. I also stopped accessing my Binance account a few days ago. The WAVES & IOTA I bought earlier are still safe in my wallet and I have no intention of selling them by the end of April.
Correction like the slap makes us less excited during bullrun.
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Easier said than done. It's a natural reflex for any crypto investor or trader to occasionally take a peek at his bag. The best alternative is to take a gander at coinmarketcap and see how the market dumps so you can create strategies how to buy or even dump some coins or tokens
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Well, for me, am not really bothered cus right from the onset, I've had this awareness that at some point, the market will turn red, I mean we all know that the market can't keep going up forever, at some point, things will move back a bit, thank God already for where the market is today cus I know that from this bull run, many people have been able to earn good amount of money for good living, now that its time for a little retrace, I believe it's just normal for us not to complain as the nagative movement is for some little time maybe, I don't get disappointed or discouraged when I look at my portfolio cus I know that as long as I don't sell, the loss is temporary.
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I will activate notifications on the Trust wallet application and on coingecko if the coin price goes down or goes up again.
The red crypto market situation as we have seen all coins go up rapidly starting in 2020, for me the current situation is good for trading as the coin price looks like it is going to go up and I will wait for that to happen by buying more altcoins
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If we are a holder, it is better to close the portfolio and then leave it for a certain period of time.
However, if you are a trader, we can see how our mental and readiness of the crypto market. If we are a strong person with great readiness, we will not mind whatever the condition of the market, bearish or bullish. In this case, just ensure you are ready with it
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That is one of the habits I am trying to avoid with every possible means I always check my blockfolio app I want to avoid checking it every then and now to ascertain how well the prices of coins are in the market. It's been quite difficult because my mind is always there and would to know the present market situation.
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That is one of the habits I am trying to avoid with every possible means I always check my blockfolio app I want to avoid checking it every then and now to ascertain how well the prices of coins are in the market. It's been quite difficult because my mind is always there and would to know the present market situation.
Do not let knowing the current state of the market become an obsession, uninstall the APP if necessary, your mental health will thank you. As I said in my previous post in this thread, I personally know people who spend their days opening Delta or Blockfolio and are obsessed. I can't even have a conversation with them because they have to check their smartphone every X minutes.
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Long time ago I was also afraid to check my cryptocurrency wallet in those moments when the cryptocurrency market was falling, but over time I got used to it and now I take it calmly, because there is nothing to be done about it and anyway, your cryptocurrency wallet needs to be checked constantly because even when the cryptocurrency market falls, it is possible that in your wallet any cryptocurrency can start growing and you must not miss this moment.
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To track the price sometimes isn't helpful more particularly when the market is on red days. It feels disappointing and stressful that you can't even eat well your lunch or dinner. Seeing the red portfolio is killin your appetite to live life happily this day. I know this is just temporary in due time everything will gonna be fine.
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We should chill for some time. We should not stick to the computer or mobile all the time to keep watching the value of the coins. Checking the coin's value every now and then gives you only stress and you will sell in panic So we should not be panic during the red market and I also hope soon we will see again green market.
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We should chill for some time. We should not stick to the computer or mobile all the time to keep watching the value of the coins. Checking the coin's value every now and then gives you only stress and you will sell in panic So we should not be panic during the red market and I also hope soon we will see again green market.
throughout 2019 and 2020, the cryptocurrency market was in stagnation mode, but today we have exactly the situation when you need to observe and monitor all your assets, which can bring good profits already in this period. at the same time, the correction of the cryptocurrency market always gives a good opportunity to make money.
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Carbitcoin, Those triggers that you have listed have already played (perhaps only partially) their role in the current correction. In addition, do not forget COVID, but it is difficult to predict how everything will develop. Although many "crypto theorists" predict a two-week growth cycle))
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The author of the topic has some kind of painful perception))). The usual process, it will always be like this, and if you create a tragedy on every occasion, the nervous system will end very quickly.And besides, on the fall, you earn the same amount as on the rise, you just need to use margin instruments.
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We all know that the crypto market goes up and down and that makes some people depressed. but if we can accept the situation and be wise in managing our assets, of course, it will be very helpful. it is true that in the crypto world we have to be mentally prepared
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April is not over yet, hopefully the market situation will return to green, currently Bitcoin and altcoins need a little time to rest because almost 4 months we have seen Bitcoin and altcoin price increases reach new ATH, hopefully the current price correction will end soon and we can see our portfolios back in color green.
Even though the crypto market cap is down -3.3% according to Coinmarketcup, I'm sure the crypto market cap will go up again and hit $2 Trillion by the end of April.