July 29, 2021: PRV Token Weekly Recap

When the market falls, there is no way to go but up

Starting the week at $8.4 strong, PRV hits a dip today at $6.2. Should you be worried?

When PRV went for a roller coaster ride last week, the PRVArmy rallied and was able to successfully bump its price to $8.4. The price maintained status quo for three consecutive days, until it dipped at $7.2 on Monday. Before Tueday closing, it even bounced back to $8.2! However, there has been a steady drop for 2 days until the writing of this piece which closed it at $6.2.

Again, should you be worried?

For those of a tender heart, this may be just what they are waiting for to signal a pull-out. But in the realm of cryptosphere, the ever-famous quote rings true:

When the going gets tough, the tough gets going.

Here are the top reasons why the PRVArmy should hodl their ground in the midst of a storm that is bound to pass!

1. There is no news here

If you are one of our seasoned crypto-savvy PRVeterans, you might be shaking off this dip with just a scoff. Years of training in the defi academy would tell you that tokens are bound to experience their dips at a certain point.

If you soar to the moon up and up (and up), without taking pauses, you might burn off your gas before you break through the atmosphere. Or your wings! (the story of Icarus, anyone?)

The point is, the price of PRV, just like the valuation of all other cryptocurrencies, are fairly interconnected with one another. In retrospect, investors would tell you that there is nothing new with a token losing some of its value on multiple occasions.

All these fluctuations are but an ingredient to spice up the exciting game of crypto-trading and swapping. If everything is as easy pawning off noobs, would you even call the game fun?

Also, here is the main principle you should always keep in mind;

2. PRV and other cryptos are volatile

Is this a bad thing? If PRV is a type of a nuclear chemical, then yes.

But, if you’ve been investing in cryptocurrencies for a long time, you would certainly know that dramatic gains and losses are nothing new. For example, Bitcoin recorded a previous record high of nearly $20,000 in December 2017, but by December 2018 it was trading below $3,500!

And do you know the price of BTC at this moment? $39,876.68!

Now here’s a time machine to take you back to 2018 when BTC is at $3,500, trading more than 10x lower than its price today. Go nuts.

And while we are at it, let’s take a look at the BTC vs. PRV comparison to see if there is really a reason to panic.

3. Charts 👏 Don’t 👏 Lie 👏

“It is very interesting that every time that bitcoin goes up, it gains all the hype, people get excited,” says Kiana Danial, author of “Cryptocurrency Investing For Dummies.”

But Danial adds, “however, the last person who buys when the price is at the top “is the person who’s going to panic when the price inevitably drops.”

This is the 3-month chart of the King of cryptos, BTC, still ranking at #1 on hundreds of price-tracking websites for crypto assets:

BTC 3-month chart

Notice how it experienced its lowest dip for the period and still bounced back to life?

Now, here’s the chart of PRV, dating back to its market launch in May 2021.

PRV lifetime chart

By comparing the graphs, you should rest easy that this drop in PRV price is nothing too hard to handle, as what BTC did in 3 months and as what it has always done.

In fact, you can even rationalize from the chart that the price of PRV is more stable compared to BTC. This is exhibited by lesser intensity of “spikes”. It is indicative of a lesser degree of volatility of the token as compared to others.

So again, should you be worried?

4. Here’s what we suggest

Do what the PRVeterans are doing. Relax, stay calm, and be one of the pros!

As Danial says, “If you are selecting your assets wisely and you have concrete reasons why you’re investing in it, you shouldn’t be swayed when the markets drop, and you will stay the course.”

“When the crash has run its course, the world will turn away from crypto, nursing its losses and discounting its future. This is generally the lot of the market gambler”, adds Clem Chambers of ADVFN.

These are all advice coming from crypto-savvies who know the in and out, and ups and downs of the cryptosphere. Seasoned PRV investors would even welcome these lower prices with open hands! This is the best time to purchase PRV, boosting your dollar-cost average in preparation for the next big run (see BTC chart above).

But if you are more on the spectrum of a low-risk investor, you should hodl all the way until the storm has passed. Take deep breaths, hibernate and wake up strong.

5. When the market falls, there is no way to go but up

Lastly, keep in mind that we are all in here for the long haul. Keep your support & believe in the PRV defi project as we release more features and marketing promos to shoot us to the moon.

Speaking of which, have a read on these exciting stuff we have in store for you:

  1. Upcoming PrivacyCards: say hello to PRVs solution to the debit system
  2. PrivacyMixer to keep your groove
  3. We are getting featured again on a major crypto news site! (no spoilers)
  4. We are on the lookout for YouTube stars to collaborate with

With all these deep trend analysis and intensive marketing efforts coming your way, you should not lose your ground in this dip! These are nothing but hiccups the PRVArmy is bound to encounter along the way. For every price fall we encounter, PRV will just bounce back twice as high!

Seize this once in a blue moon opportunity and use it to your advantage by purchasing PRV tokens at lower price; or hodl your investments as the dust settles down. Either way, you still win.

So we ask you for the last time, should you be worried?

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