As a newbie in Crypto World, I started a year back with $32 approx and bought Bnb. As I observed and learnt through the year and Bnb gained, my sole coin portfolio grew to $125 courtesy bnb and several launchpool projects.
As I started researching more, downloaded other crypto apps, learning converting for free, following crypto gurus going gaga over their commentary of many coins reaching supernatural targets in the near future, me too started believing that I can may be grow my money 2x, 10x, 20x..... and dreams as you all very well know being a crypto investor that they just never keep you the same person, the one who started with a small sum of $32.
So now when after a lot of reluctance and several modified orders I went ahead with converting my bnb into wormhole n arkham, to my shock and dismay all in 2 days my portfolio n funds collapsed courtesy the Iran-Israel situation.
I am in a bit of shock I must admit but I haven't sold my coins yet due to the panic being created in the market and many posting their portfolio snapshots that they disposed off everything .
I believe there is no point selling everything this low.... just be in the market, wait for it to bounce back, remember the good days, times will change, better days are ahead.
Hope everyone here reading can find a little inspiration and feel good. Also I will suggest don't follow so called crypto gurus blindly , they have ulterior motives and what they will suggest at times will just be to misguide you and benefit themselves alone. In reality , many so called gurus dont have even a slightest of idea where the movement will be.
So don't follow them blindly and my friends , do your own research.
Even if you lose some money, atleast you have the satisfaction of doing it at your free will and not to the misguidance of others.
Good luck everyone and if you liked my post and felt good, do appreciate guys.
#bnb #w #arkm #write2earn🌐💹 #firstpost

Hold your coins don’t sell:

If cryptocurrency prices fall to historic lows, there are a number of approaches you can consider, depending on your investment goals and risk tolerance:

Hold (if you're a long-term investor):

This strategy is suitable if you believe in the long-term potential of cryptocurrency and are comfortable waiting for the market to recover. Historically, crypto has experienced significant price swings, but major coins like Bitcoin and Ethereum have bounced back from crashes.
Dollar-Cost Averaging (DCA):

If you're a long-term investor with some spare cash, consider DCA. This involves investing a fixed amount of money into your chosen cryptocurrency at regular intervals, regardless of the price. This can help average out your purchase price over time and potentially benefit from lower prices now.
Increase Investment (if you're a high-risk investor):

This aggressive approach is only suitable for investors with a high tolerance for risk and a long-term investment horizon. It involves adding more to your existing holdings at a discount, potentially amplifying your gains when the market rebounds. However, exercise extreme caution – the market could decline further.
Sell and Rebalance (if you need the money):

If you invested more than you can afford to lose, or if you need the money in the short term, selling some or all of your holdings might be necessary. Consider rebalancing your portfolio towards more stable assets to manage risk.
Stay Informed and Research:

Regardless of your chosen approach, stay informed about market developments and the underlying projects behind your chosen cryptocurrencies. Research potential reasons for the price drop and assess if your investment thesis remains valid.
Here are some additional tips:

Don't Panic Sell: Avoid emotional decisions based on fear. Panic selling during a downturn can lock in losses.
Focus on Fundamentals: Look beyond the price and consider the project's development, team, and long-term goals.

THE MARKET IS CRASHING; BTC AND OTHERS DIVING. THIS YEAR IS NOT A BULLISH YEAR, THE REAL BULL RUN CAN ONLY HAPPEN ONE YEAR AFTER THE HALVING SEASON.

Once rewards are cut down by 50% Bitcoin mining or production activities would see a huge and dramatic decline.

Usually in a 4yr cycle the rewards for mining or producing a single block of BTC is halved or better still cut down by 50%.

This is what we refer to as halving. Bitcoin is currently having an inflation rate of 2%. halving helps to minimize and cut down on these inflation.
The Bitcoin Miners get an estimated 6.25 BTC per block of BTC mined, with the Halving coming soon that will be cut to 3.125 BTC per Block a 50% reduction.

Currently, it cost miners who're publicly listed a whooping sum of $15,000 to successfully mine a block of BTC

When the halving happens their cost of production would most likely be doubled or trippled bringing miners’ breakeven point to $40,000 per block of BTC mined.

This could make it very difficult or even impossible for most miners to keep mining BTC. The long term effect of this is more damaging than rewarding.
The relevance of miners to BTC'S health and perfect functionality is equal to the relevance of the heart to the human body, because minners are responsible for the hashrates of BTC online, Cutting the rewards for mining in half (Halving) could lead to most miners packing up and running out of business and with this BTC hashrates online decreases which in the long run could lead to the falling of Bitcoin price.

Whatever that keeps the miners out of business would lead to a long term negative effect on the prize of the commodity.

No one should expect a bull run in 2024. We would see an Authentic bull run one year after Halving, when all the effects of Halving have all cleared and settled out.

By subscribing to my timeline You're getting the same information top Billionaires and the biggest crypto whales discuss on the dining table.

Here is why #bitcoin WILL go up after the halving. Not instantly, but it will. The bullrun is far from being done.

Right now, it costs about $40,000 USD to mine 1 single $BTC

The bitcoin halving will cut the rewards by half, which means that it will cost $80,000 to mine 1 bitcoin.

So, alot of miners will leave. There’s no point mining bitcoin if it’s not profitable.. right?

Well, once 50-60% of miners leave, everything will rebalance. The people that keeps mining bitcoin will hold until at least $80k minimum, to make sure they’re profitable.

But usually, the price goes higher than what it costs to mine 1 btc.

In example, right now it cost $40k to mine 1 bitcoin and the price went as high as $73k a few weeks ago.

So, in theory, if history repeats itself, we should see a $130k to $150k bitcoin this bullrun.

This is purely based on fundamentals, not hope.

I hope this helps.

dyor before investing.
#bitcoinhalving $BTC
#write2earn🌐💹
#write2earn🌐