Are you playing the long game or the market?

It looks like there's at least going to be a short-term pump and I can't tell how long it will last. There will be analysts looking at the market right now plotting a route to squeeze out profit but since I've been away from the charts, I'm really not too bothered about that.

One thing we know about the current state of the crypto market is that we got here after a series of unexpected and unfortunate events. In the past couple of months, the market has hit a series of lows culminating in some level of panic.

Investor confidence has also been quite low, and the numbers haven't quite made for pleasant reading. However, we know that just as whatever goes up always comes down, in crypto, what goes down eventually comes up in certain conditions.

These days, there's some level of optimism due to minor pumps around the market. I try not to read too much into it as it doesn't entirely tell the whole story but the punters seem to think differently.

Many claim that this minor pump we're seeing is accumulation going on in the background and that a major rally is on the cards. No one seems to know the specific timeframe that we'll experience this rally but the view is that we are due a pump.

Within Hive, there's also some level of optimism about the market and that is slowly reflected in the value of Hive and second-layer tokens. GLX and a couple of other Hive-engine assets experienced minor pumps while others haven't really responded to minor upheaval in the market.

Playing the game

One thing I have always admired and have never really been able to wrap my head around is the ability day trade. I've always seen it as one of the quickest ways to squeeze profit out of the market but the charts are too complicated for my tiny brain.

Despite my lack of technical know-how to navigate the intricate details that reside in the charts, I still play the long game with assets and on a number of occasions, I have been able to take out decent profit from my choices.

Right now, I could hardly call what we have today a pump but with very little funds to add new capital, I wonder if now is the time to temporarily liquidate and then re-enter the market after another dip. For me, the aim is simply to increase the amount of tokens at my disposal.

I am playing the long game with GLX token because I intend to hold it until something dramatic happens in the market. However, while waiting for something dramatic to happen, what if I rinse and repeat the process of selling higher and buying lower?

My biggest fear is that I sell too early or buy too late. Then again, that's not peculiar to me. I know holding and playing the long game will definitely be profitable but the way I see it, playing the market as it is will only add more value to my future profit but that's only if I do it right.

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Posted Using LeoFinance Alpha