RE: Why The Crypto Markets Are Selling Off? by thelogicaldude

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Viewing a response to: @taskmaster4450le/ajlacdeb

hive-167922 · @thelogicaldude · Jan 22 '22 (edited)

$0.08

Commenting before I watch... but yeah, EVERYTHING is down, not just crypto... We need to remember why we are in this in the first place, or at least the ones that are here for the revolution and not just the dollar based gains. All I know is that if we go into a bear market or extended consolidation period, that is a nice quiet time to build and market actual projects and we can hopefully let the meme coins and silly useless tokens of all kinds kinda just die out. 

Edit after watching: Fairly grim outlook you have there bud. But yeah, it's not looking great for allot of things. Luckily allot of my funds are in stablecoins  or are paired against stablecoins. But again, waiting on the bottom then keep stacking... Just hate that I have to go back out there and earn fiat, lol. It's been an awesome 4 month experiment in full time crypto, lol.

👍 taskmaster4450le

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@taskmaster4450le · Jan 22 '22

$0.04

Well the outlook for the economy and the markets can be two different things.  Markets are about the flow of capital.

With the risk off trade, due to the economic outlook, we could see that short lived.  In a global economy, we know that capital flows even when things are bad.  Hence the US equities and crypto could still receive inflows.

Risk on can occur even when things are bad.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@taskmaster4450le/re-thelogicaldude-43bqgc)

👍 thelogicaldude

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@thelogicaldude · Jan 22 '22 (edited)

$0.08

Only think I can do is try to protect me and mine. 12% HBD savings, and pairing against the dollar in LPs and earning yield. Now is the time to compound. My main rule is staking when it’s down, selling when it’s up. That's with my cash flow... the base has been staying as is and compounding.

Having to go back to the fiat businesses for now while all this is going on and trying to build the yield.

👍 taskmaster4450le

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@taskmaster4450le · Jan 23 '22

$0.05

That is a sound practice.  We have to adapt with the market conditions.  Fortunately for me, I still have some time left before my fiat stash is exhausted.

We all can only hope for another massive explosion over the next year or so.

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👍 thelogicaldude

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