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RE: VIX is up Today. What does that mean?

in TradFi7 days ago (edited)

You yourself said that Hive could drop to 0.05. Are you going to panic because it's now down to 0.067?
I spent $100 on DOT back in the day, paying much more than it's worth today. I didn't sell it for $10, so I'm not going to panic if it drops to $1, for example. I'll buy more when it's cheaper and average it down to my cost.
Many people on Hive sold to wait for the drop. It worked out well for them. Now, if the market had gone up, their gamble would have backfired spectacularly.

I think the mistake today would be to sell everything and get carried away. It's a matter of holding on.
What I don't see is people wishing for the Trump meme years after his term ends. That's why I think the market needs to cleanse itself.