Folks, I’m sure many of you are panicking and probably already removed your position from crypto. If you are sort of on the fence, I’d ask that you consider just hodling. Which is exactly what I’m doing. The market was hot diggity for a few weeks, a correction was due. Trying to time a buy back etc makes no sense as it’s impossible to predict. The key to success is not panic selling. I’ve attached a photo highlighting the corrections we’ve seen. #crypto #hodl
So you're not adding at these levels?
I have no capital to buy more.
Maybe I am an old school Wall Streeter, but crypto currencies make zero sense to me. What is the value created that is being stored in blockchain (which itself is a valuable technology). Look up the Dutch Tulip Mania. If the only value is someone is willing to pay more than you for something without value, then eventually the bubble bursts.
This is painful, got into a bunch of stuff at 30-50% higher than what it is now. Thinking long term though. HODL
I know, timing is brutal. But fear not. People get so happy when they make 40% or 2x returns. Yet a market adjustment happens, they freak out and sell. A 35% adjustment in cryptoland is like when tech stocks get slammed and market is down 5% it eventually bounces back.
I’m thinking long term too. Which is why I don’t buy BTC.
This downslope was expected anyways. A needed correction.
Great time to buy
I agree.
Pre Christmas crypto on sale.
Kabooommm
Keep shorting. Otherwise when the price hits $0 you will be kicking yourself. Short it with both eyes closed and with every cent you got.
I only wish I had more cash on hand to buy. Good time to mortgage my house for more buying leverage lol
What is hodling?
This is crypto legend. https://www.google.co.kr/amp/s/amp.reddit.com/r/Bitcoin/comments/2b8t78/whats_hodl/
It's my life right now.