Side Hustle: Your Bearish Breakthrough
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There is this saying, when things start getting sour or going the wrong, you need to have other things to fall back to. This is exactly what many might be facing for the past few days of the sudden rapid market dump going on in crypto market space which somehow is really shocking, even though we are currently in the bearish stage, no one expect it to be this fast and shocking. Many have gone back to the village (gotten rekt) while some are trying to find the next escape route and balance themselves financially.
There have been lot of news circulating around about the sudden dump in luna and terra ust after the losing the dollar peg and dumping to around $0.38 as at now, To those with little knowledge about crypto, this situation will make them have a deep fear about investing in stable coin after thinking this can safe them from the dip without knowing that holding ust will be a worse decision. I was shocked though and I had to find out what went wrong but different news flying all around. The most shocking one is Luna huge dump from it previous All time high around $120 in april and currently worth $0.016 - $0.018, Have seen coin dip but never have I seen it dip this much within 5days. Now Feeling for the investors who didnt pull out on time. The funniest part is those that decided to buy the dip around $1 but still suffer huge loss within 24 hours, Not every dip is favourable. Lesson learnt.
Can Luna Still Rise Again
This is a big question on many people mind, who decided to hop in and purchase at cheap price hoping for luna to rise again, We are in crypto, we believe anything can rise again, even dead bone but it will really need a lot of miracle, if they dont fixed what need to be fixed, it will be hard seeing luna rise back for now. Many coins experience this and they are now history. After everything, only those willing to lose their spare fund can hop in and risk it. but the lose is inevitable.
What To Do To
To be honest here, most crypto users or online content creators hardly have extra side work to at hand but focus mainly on crypto 24/7 which at some point isnt a good thing, having extra side work which you can always depend on is the best thing because time like this will always exist, up and down the way things are in the crypto space (what goes up, will surely come down at some point). There are lot of side gigs you can engage in, learn a skill or just start a business, is not compulsory a 9-5 jobs because many cant really bear being control or experience those office work heat/stress but you can always engage in one thing or the other that will still give you that freedom you always want. Hope the dip didnt really affect you that much? Stay Safe