I've been taking a short break from my work for the past two days - and WOW was I totally shocked when I know the price of bitcoin having dropped so much the previous day. I was wondering what this was all about - but my quick search says Elon Musk seems to be one of the reasons for the decline.
So far I haven't really cared much about market volatility - but the current market conditions have reminded me of the FTX crash. Not sure when the market will recover even though I'm not too affected by the volatility. My hope is only one; avoid panic - just hold your bitcoin and accumulate.
I mean I'm been holding my investment in Bitcoin and another cryptocurrency, it's really a good thing that I learned to have multiple incomes because now I don't really care what happens on the market since my goal is the bull run, I have no intentions to sell at this point since I don't really need the profit at this point, I just find out the trick since if you always in the market you're always gonna get tempted to sell your investment every time you see the market drop a huge percentage, also it is also a thing and wrong if your investment your only income to cryptocurrency because it is still a very risky investment in the end, it is surely going to temp you if you really are depending on your cryptocurrency profit. So make sure to make multiple sources of income or at least have savings before even starting to invest in cryptocurrency to avoid losing money.
I really notice that compared to the past years of my investment, I can already control my emotions about cryptocurrency investment because I already have multiple sources of income I don't really need to make money quickly in case the market drops I don't really care because I have money that I can use to survive and buy what I want.