Bitcoin Investing Today
If your not selling on the way up... Why would you sell on the way down?
Its actually quite simple... Fear!
The big players know that the typical bitcoin investor has tremendous fear and they do everything they can to make you trade based upon this emotion.
You didn't sell when bitcoin was topping 20k because of the FEAR of Missing Out - FOMO. What if Bitcoin reached $100K, I would have really missed out if I sell at 20k!
If your selling now its because of the fear bitcoin is collapsing
OMG Bitcoin is Dead!
But seriously, bitcoin has already died at least 9x in the past. If Bitcoin were a cat, it would have exhausted it's multiple lives years ago. Bitcoin is something else, in fact its probably best to assume that Bitcoin will meet it's untimely death, yet again, in the near future. Most likely at new highs, after new buyers have entered the markets.
Remember how everyone was in such high spirits during December? We had Santa coming to town and all his little elfs were bringing gifts, bitcoin was pumping to unbelievable highs and even Ma n' Pa were dumping there retirements into BTC. It was good times indeed!
Now, a whole month later and those same buyers boosting the markets are also the same sellers killing it...
Analysis
If you were an investor reading this article you are probably expecting some real BTC price analysis with charts, fancy lines, Bollinger Bands, Momentum Oscillators, and other big words to confuse the shit out of you. Well, here it is.
With the last pricing decline, a very specific key trend started forming. The road could become bumpy from here until a break-out occurs and that head shape finally shows itself, but at least we can be fairly sure that the future looks well.
The Stegosaurus
(Photo courtesy of Reddit)
Well, that's about it. If you trust the tech and realize that the mainstream news stations talk about Bitcoin literally non-stop, then there is really nothing to worry about with the recent change in trend.
- Don't trade on fear alone
Bitcoin volatility is a scary thing and this last year caused many of us to forget just how wild the swings can be. The manipulation has always been a strong force in the crypto markets.
Good Luck
~ Keep on - Steemin' on ~
@generation.easy
Worlds 653rd Top Bitcoin Fanatic
hahahahaha
YES!
"If you weren't selling on the way up, why are you selling now?" #truth
The problem is people actually believe that Bitcoin might go to $0.00.
That thought is clearly not logical, Bitcoin has a use-case, it is the widest adopted crypto-"currency", and it has increasing technological improvement through ongoing development.
Is it perfect? No. Is it revolutionary? Yes. It helps people today, send value from peer to peer, with relatively little cost or time, without third party oversight and involvement. That is enormously important, if a person doesn't agree with that fact then they should never buy crypto, on the other side of the coin, if you do believe this fact, then why sell.
Bitcoin is good stuff for sure.
Something might challenge it in the future, but right now its still the bitcoin market
Nice article man ,but let me tell you its never been a good idea to sell the bitcoin ,if you came to crypto world than you know how to keep patience & HODL the bitcoin or else crypto world is not for the impatience people who are having the weak hand to sell their coins.
That has been true. Im sure those who bought at 10cents still regret selling it at a $100.
HODL for profit and dont sell at a loss
Yeah right.
Great article. The amount of fomo is crazy these days... I like the stegosaurus analysis.
Yeah i saw it on telegram last night. Gave me a good laugh so i decided to share it ;)
What should we do today?
HODL
Lol! All technical analysis should just be dinosaurs made with the graph!
Agreed 1000%! Bitcoin is heading low everybody is in fear of loosing their money, but the best thing for them is to convert all your coins to USD and keep an eye on graph when it reaches 5-6k usd. And again invest into it as dont take risk of holding nor take risk of selling. just transfer it in exchange like binance and others.
Invest on your own risk as this is just a suggestion not financial advice, as your money is v imp and dont loose it on some silly graphs going up and down, just relax transfer into stable currency when coins go at bottom buy back and den enjoy the movie .
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Very good photograpy
Seems like the stegesaurus may come into true effect.
It is definitely the best to buy in when FUD is in the air. Too bad I don't have much fiat but I put some into the markets at the time. Hopefully after all the newcomers witness their first dip and recovery, the next one won't be as bad @generation.easy haha