Those who have been following me for a long time know that my strategy in the market has always been bullish. I’ve always tried to find a trend, pick up some coins at the beginning of the trend, and then sit out the trend, while taking the cream and profits. This cream and profit is the “profit” that I take out of the market. At the same time, the main portfolio is always ready for a potential downward trend.
This of course is hindsight, but you can trace how the entire cycle took place – at first there were extreme prices and it was possible to gain longs, blockchains at the price of privates and keep these longs. Then the season of launching top projects, where everyone could get in on any sights (NEAR, SOLANA, AVAX, FLOW), but there were very few people willing. Then the whole market grew and to buy something from the market became the destiny of traders on the exchange https://wellcrypto.io/, who owns a calculator quickly realized that on such a market it is better to enter in ICO, Coinlist, and in the rest time to deal with testnetworks and events.
You have to look soberly. The crypto market has deflated and so has the NASDAQ, so the current prices are already fair and marketable. Market maker is no longer handing out generous profits, volumes are down, no one is redeeming your bags.
As usual, everything had to be done in advance, to follow your strategy. We all understood perfectly well that the time would come and every week we would see not the growth of portfolios, but their decrease, we prepared for this in every possible way.
Yes, there are independent trends in crypto like NFT, P2E, but they are much weaker than the global roll of correction in tech stocks that happens all over the world. When much better assets from a related field are doing -50%+, there is very little reason for crypto to stand still and not fall. The same investors here, the same funds, the same behavior, we are tightly tied to the global market (specifically its part related to startups, IPOs, and the NASDAQ index). At some moment, the investor has a choice – to hold a doubtful altcoin or to buy shares of conditional Paypal, which have fallen in price three times.
I can calm down by the fact, that time became much faster + there is a huge amount of concentrated money, which can be used at any time. Even in crypto, when markets collapse – there are only more stables. That is, there is something to pay off and to whom to pay off. The question is who has more patience, endurance and discipline.
Those who have spare deposits – should have a sensible buyback strategy, to be able to follow it later, when emotions and psyche will resist.
