$120 million in liquidations is peanuts these days and maybe we will see a slightly bigger dip yet. This is the risk when playing with fire as we all know crypto is a very volatile asset that can be easily manipulated. Why anyone would play with futures markets when you don't know what you are doing is beyond me and is no different than going to the casino.
These days I don't really pay much attention to the crypto prices besides looking at my HIVE dollar value on Codergeek which kind of lets you know what the market is doing without even looking.
Over the last 6 months I have been trying to keep the dollar value over $40K and today that game failed miserably lol. I need another 16K HIVE to make that happen which shows the severity of the dips we have had lately and guess it is not over yet. How low can we go is not exactly a morale booster even though this could be fun to watch. Crypto investors seem to be easily triggered and keeping their emotions in check is not what many are capable of.
They say you should only worry about price when you are considering to sell and this is very true. We are may months away from that scenario so all you can do is to accumulate as much crypto as possible from now until then.
Tonight I will harvest another 200 COTI rewards generated from my stake knowing that my stake is growing daily and this is all that should matter right now. Those who have their crypto staked in a project can sit back and ride out the volatility in confidence. You are only losing if you sell at these prices so hold on and wait.
The green candles and market sentiment can change in a matter of hours so this is just what happens and is a regular occurrence n crypto. People love volatility when they are benefitting and this goes both ways as you cannot win them all.
Being involved on HIVE this dip should inspire you to be even more active as a lower priced HIVE means you earn more HIVE. Many do the exact opposite and those that can see this as a positive will be the ones who benefit the most. My biggest growth periods over the last 7 years was when HIVE was sub $0.20c and it makes a huge difference. If we do go down to those levels whatever you do stay active and grow.
Still what counts after we pass these turbulent times is what dollar value our portfolios are all holding. Thank fully mine is still hanging onto $50K by it's finger tips for now and I guess it will drop below this number before things turn around. This is why we love crypto though as nothing stays the same and you can never predict the future.