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Crypto Should Have A Health Warning by cryptoandcoffee

View this thread on: hive.blogpeakd.comecency.com
· @cryptoandcoffee ·
$38.50
Crypto Should Have A Health Warning
<center><img src="https://files.peakd.com/file/peakd-hive/cryptoandcoffee/23swdkW9hoGXy7fKo6yuHvSdW4AQ9F4wCau3a2xQL4hBLQnDjpka6U7a9rGSoPnE5kPSU.jpg"/></center>

[source](https://twitter.com/GCOTI_Whale/status/1770097551661736038/photo/1)


# A Bull Cycle Doesn't Go Straight Up Like Some People Might Think
Crypto is definitely not for the weak as we see a perfect example in the above chart showing what COTI did in the last bull cycle. With over 18 corrections (dips) along the way highlighting nothing goes up in a straight line.

Just look at the size of these corrections on the way to achieving it's ATH on the 29th September 2021.

1.  -50%  
2.  -78%
3.  -30%
4.  -35%
5.  -32%
6.  -71%
7.  -32%
8.  -32%
9.  -52%
10. -44%
11. -36%
12. -64%
13. -75%
14. -61%
15. -44%
16. -38%
17. -35%
18. -37%

What stands out is the size of these dips 78%, 75% and 71% are the stand outs here and why altcoins are considered volatile and high risk. Those that either trade these dips or just simply hold along the way and see through all the negativity that is created of which there will be plenty will eventually ultimately succeed.

This is a gentle reminder of what we are now facing over the coming 18 months and there will be testing times mentally. This is the fun part because we have all seen this play out before and those in the know should be looking o take advantage wherever you can. The dips should be welcomed as we all know panic in the streets leads to lower buy in opportunities or in COTI's case liquidations which ultimately boost your overall earning potential through a higher APR.

It is easy to understand why so many fail in crypto because if you do not know what is coming it is a minefield wrecking dreams and aspirations of riches. This is why they say only invest what you can afford to lose because anyone who is desperate will ultimately lose looking a the size of these corrections. One can imagine "losing" over 70% of an investment that you cannot afford to lose and through sheer fear sell out instead of riding the wave.

Maybe deep down we are all masochists because through the pain and suffering of others we benefit because the big difference being we have paid attention to what the market does and they have not. Crypto is actually very simple and the proof is the simpletons who have already made their fortunes in the previous cycles. These are not individuals who are any different to you and I and are not special in any way except they paid attention to how the market works.

Everyone has the same opportunity as the next person with a level playing field and it is how we behave during this period that will define our successes or failures. Paying attention to details with no knee jerk reactions is what we should all be thinking and doing. Sticking to the plan and not deviating is the answer because anything else will be disastrous.

I see each major correction as one we should be celebrating because if you play your cards right you should be accumulating a little more each time. Personally I hope COTI does something similar this time around because the small chunks you accumulate each time is what makes the difference when it is time to sell. Don't forget profits are made when you buy and the cheaper you buy the more profit you make when you sell.

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vote details (196)
@bozz ·
I'm really glad I have already been through one of these cycles, so I can handle the ups and downs a little better than most.  Oddly enough though, it's easy to get carried away and forget for a second when you see that  number ticking up!
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@gooddream ·
$0.08
I don't have a ton of holdings but I normally park them for long periods of time and only touch them if I absolutely must.  I look at it as a retirement perk and if it moons, great...  if it doesn't I'm still fine.   

When people ask me questions about how they can get involved in crypto I will normally tell them that if they have to ask that question, they probably shouldn't get involved.   Most people freak out when there is a dip despite the evidence showing that recovery is all but guaranteed with the major coins.  I know plenty of people that have lost tons because they treated crypto as if it was a regular stock and they panic sold because they bought into the hype of rumors of it crashing to zero.   
👍  
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@cryptoandcoffee ·
Definitely the right approach letting it build over time and only touching it if you have to. I have not touched mine in over 6 years and have no plans to do so either.
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@hivecurators ·
<center><sub>[ 🎉 Upvoted 🎉 ](https://hivesigner.com/sign/account-witness-vote?witness=sagarkothari88&approve=1)<br>👏 Keep Up the good work on Hive ♦️ 👏<br>[🙏 Don't forget to Support Back 🙏](https://hivesigner.com/sign/account-witness-vote?witness=sagarkothari88&approve=1)</sub></center>
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@joanstewart ·
These cycles are roller coaster rides, after watching the knee jerk reaction is almost the same every time.

Those trading crypto know the cycles are similar never the same, whales/miners pump and dump good to learn for oneself if taking the route of trading. 
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@qwr ·
Yes You are saying right. If you buy at cheaper rates and sold at higher, it will gives You more profit. This bull phase might be follow the pattern like previous.
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