WHY PANIC - cryptocurrencies are here to stay

in #cryptocurrency7 years ago

Hi Steemers

With me having shared experiences with alot of my family and friends about investing in cryptocurrencies, i have been getting alot of calls saying

"you see i told you they would crash"
"it is a scam and you are going to lose all your money"

But what people who are not involved in cryptocurrency trading do not realise is this is my money maker. When these prices drop it is my time to buy and i am encouraging them to do the same ... as most of us invested into crytocurrency know this is just purely the volatility of cryptocurrencies and they will recover. They are not going anywhere. Cryptocurrencies are the way of the future o matter who tries to get rid of them there will always be people trading with them regardless of the price - Why ?

SIMPLE CONVENIENCE of sending money from me to you in a simple fashion even if i do have to change the currencies back into us$ it is purely the convenience of sending it quickly. So i love it when this happens as it is time to make money. Im sure other traders will agree with me, lets see the prices in a week.

Exactly how people are worried about the ethereum price and bitcoin price dropping they are still up from the beggining of the year and they do drop then stabalize higher - then run high - drop drasitcally then stabalize higher. all the time the price getting higher so what is everyone worried about ???

Either you are in it for quick trades where you buy now then sell high or you are in it for the long run where you should NOT PANIC in these situations. Anyways good luck to you all.

Happy trading all ....

Please note this is personally my opinion and am no expert or investment advisor.

Sort:  

Great times to buy more. Almost everything on discount.

Well. I think it takes experience to stay calm during red periods like this. I remember when I first saw this much blood, I was panicking like crazy. Now I see it the opposite and am happy to buy the dips.

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