Post
Topic
Board Economics
Re: Are you ready to spend crypto when market is down
by
Argoo
on 07/10/2022, 05:30:42 UTC
Currently, I have not and do not intend to do this as my daily living expenses are unrelated to my crypto investments. I have an outside main job and instead of selling crypto assets or spending it, I am still trying to accumulate more of my assets during this bear season with my salary. Your question is no different than you are asking if we are willing to sell crypto assets during bear season while everyone is trying to accumulate more crypto assets and waiting for a bull season to come.
I support. In a bearish period, when the price of crypto-currencies falls sharply, I try not to sell my crypto-currency unless absolutely necessary. Sometimes, if tokens grow in price during this period, or there is a threat that this token may disappear from the market, I exchange them for top coins such as ethereum. It makes little sense to sell tokens during this period, since they have a very low price after the market falls. However, of course, some of them do not withstand a long fall and disappear. But if the project is promising and its team is professional, then the token withstands the fall and then develops further.