Crypto Markets are crashing and my buy order got filled
As mentioned in my post yesterday, I had been away from the crypto world for quite some time. I used to write blogs every day, sharing my thought process on various topics. I stopped doing that as well because of my real-life busyness. I'm slowly trying to keep track of what's happening in the crypto world and in the share market. The same applies to the share market as well. It's been a very long time since I did some trading in the share market. It's been close to 8 years, I should say. Recently I have started gaining my interest back. Not for the sake of trading, but at least for the sake of investment; I'm planning to do some investing.
This morning when I woke up, I realized that the crypto markets are not in a great position. I have been noticing the BTC fall and other top cryptocurrencies falling for quite some time. I did a short trade in a previous dump like this. I was able to purchase some BNB when the price was 600 and then sold it for about 640. One thing that I did last time was that I wanted to do the same activity of buying and selling. So I placed another buy order at 600. Today I woke up to see a notification that the buy order got filled, and the current market price of BNB was 576. I had no mood to do any trading but it already happened. The reason why I say that I'm not happy with this trade is because the market crashing is not yet over. I don't know how low these cryptocurrencies can go. So I don't want to end up catching a falling knife.
Now I have to wait for the price to go back to 700 or at least 650 to book my profits and exit. But something makes me feel that I should start getting the safe feeling only if the price goes back to 600 at least. Then only will I be able to recover my invested value at least. If this is something that happens soon, I would be very happy to have completed two successful trades like that. Let's wait and see how long it takes for the market to turn around.
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It's very discouraging and we shouldn't give up.
That I would say is just bad luck, but also I think you will be good if you wait it out and catch a rise - crypto markets can randomly jump as much as drop, it only takes good old Elon to start selling is flying Roadsters for Bitcoin and everything will be up.
Bit of a side note, as I am voting your Hive Witness - will you be updating it soon now you are back? 1.28.8 is out and then 1.28.9 is days away too - would be nice to get all the Witnesses I vote running the latest version as it does fix a lot of bugs and issues from the 1.28.3 you are on currently.