Ethereum is Dead, Long Live Ether: °HODLing during the ETH CRASH°
This past week was a stressful one for us multi-crypto holders. Being a bi-crypto investor myself, I watched in dismay as Ether plummetted.
Whatever whale-god triggered that massive order-fulfilling landslide managed to briefly crash the entire Eth blockchain value in a matter of minutes. However, the market recovered (ish) relatively quickly.
The lasting damage was some unfulfilled buy orders and a few collective stomach ulcers. However, we survived. Man was the hard, though! I repeated the HODL mantra over and over again last week while staring at the charts.
Has Ethereum recovered? Well, it is currently hovering barely above 300. That sounds quite worrying, but what I like to do in times like this is remind myself to stay very much the fuck away from day and week market trend charts, and step back to the month long ones. Keeping the grand scheme in mind is important... No matter how much it makes you sweat.
Remember the basics. Don't keep all of your coins in one basket.
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Diversify your holdings.
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Devour copious cookies and alcohol.
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And HODL.
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Ethereum will never die, don't give up or rush and sell yours I believe this drop is just because we are entering a selling season and now we have more sellers in compare to buyers. I believe that in a few days Ethereum will hit $400 and it will continue to grew. trust me Ethereum will beat bitcoin sooner or later and the market capitalisation says a lot.
It is a matter of 10 lousy %. If you freak out over such a bump in the road you haven't seen uphill battles. I just added more hash power to Ethereum and do not worry.