Hi HODLers,
Let's face it, we have had quite a few difficult days lately with Bitcoin and risk-on assets crashing over the past week.
Remember when crypto users used to say "I am here for the techno" back in the post 2018 Bear Market? I also remember when there was more hype around Blockchain than Bitcoin.
Cryptocurrency Markets
Most names are down 30%+ and a big chunk of the smaller cryptocurrencies have lostmore than 50% of their Market Cap.
I feel that overall this is a good thing to clean out the space aas many were completely overvalued.
NASDAQ, the US technology index has also been suffering in 2022
Fear and Greed Index
When I feel I am seeing too much and too often markets in red, I check this goold old Fear&Greed Index to see where we stand. Let me tell you, this just gave me a boost of confidence that we might at least bounce back in the short term !
I have been quiet so far about strategy. As you can read in my older posts, I have been swtiching to stablecoins farms over the past month and I might just go the other way and start adding some blue chip cryptocurrencies back (BTC, ETH, FTM, HIVE...)
We are back at Covid-19 Krach numbers ! And this is where we started the past 2 years Bull run.
Technical analysts keep saying we need to HODL $36k in order to save us from the Bear market. So you know what we have to do !
Stay safe out there and take time to research cool new projects who continue building despite the dip.