Sell and learn to not jump onto bandwagons. I’m hodling my bitcoin but I’m up about 40x still.
HODL
Need to refuel on the moon before we go to Mars. HODL
Money is not everything. If you can't sleep well at night because of a crash, maybe it's not for you or you put too much into it.
Hold and diversify. Siacoin, Ripple, Stellar and Ethereum have promise in their actual long term value, beyond just hype.
don't invest in crypto unless you're comfortable losing 90% in 30 days
Wait for it to go to $0 then invest again in another asset backed by absolutely nothing. Repeat over and over. Im doing general index funds so ill wanna compare returns with you in 10-20 yrs.
100% my thoughts. I'll stick to my "boring" low cost index funds instead of esoteric/fad/Ponzi irrational shit.
Why not do both?
This is why you don’t buy at the ATH. Just keep HODL. If the tinfoil hat theories about Bitcoin futures contracts are to be believed, you are probably fine. Or if the market does what it always does this time of year, you’ll be fine. It’ll just take you longer to be fine since you bought so high.
Look at the previous crash history of bitcoin. It will crash again....badly. And it will go back up again. Since you’re already 60% down I would just HODL and not invest any more until things stabilize next month. I was lucky enough to pull my initial investment out in time. I left the remainder in there as a YOLO. I will only invest again in crypto when I really understand the coin and what it’s real future is. I think ETH is a safer bet overall, but forget the 10x pie in the sky. Still have a few grand in ETH that I’m HODLing. There’s no get rich quick scheme. Just luck. If I was smart, I would have listened to my head and cash out when I was 7x up at the beginning of the year. Invest with vanguard or Wealthfront for piece of mind.
What if you cashed out at 7x and then a year from now it’s 100x? I know so many early bitcoin investors that did just that, but I don’t know any who hodld to 20k. If you can afford it, why not just hodl?
I agree with the long term position. I just felt like I didn’t really have the depth of understanding into what I was speculating in and had short term goals instead, which I ignored out of greed from the FOMO fever in December. I’m a little wiser now into what I want to leave my money in going forward.
You should hold on to your loved ones.