Cryptocurrency Fud.
Can someone please explain to me why I was reading so many posts of people giving advice to other people that they should put all their Bitcoin in USDT? Yes Bitcoin was down to $1,900 at the time but 2 days later it is back up to $2,700. how much did the money you transferred into usdt make you? Where are you smart by following their advice? I don't understand all the moving currencies around. if you buy into a coin and it drops all the way to a penny you still have not lost your coin. it has lost its value. In Bitcoins case the value will come back up. if you do not believe Bitcoin is going to the Moon then why did you buy into it anyway? if all you think it's going to achieve is $3,000 you are in the wrong coin. You need to use Bitcoin like a currency. buy things and you will understand what I am saying. it is replacing the dollar for me . You do not lose until you sell once you sell it is over. It does not matter what happens to that coin afterwards. now all those people that sold at 1900 have to buy back at 2700. that is the dumbest thing I've ever heard. I started buying Bitcoin when it was around $1,400 but I also bought more than $5,000 worth when it was over $2,500 I still never wanted to sell it and take that kind of loss. I believe in the long run Bitcoin will be the next currency for the planet. I will not sell it.
The term HODL was not invented for nothing. Many non-HODL'ers or said otherwise, people that let their monkey brain rule instead of their neo cortex, lose. HODL-ers win as long as cryptocurrency markets continue to grow long term. It's called: vision.
I agree you bought at a price that you were totally fine with you should not sell that if it goes down you should be thinking that it's going to go up and you should be ready to hold until it is at a price that you are happy with. It is funny to me to read all the people upset now that they have to buy back in on bitcoin at its current rate way more than they sold at.