Back into the green
Hi Guys,
It has been a bloodbath! Are we still alive? Over the last couple of days I have gotten so many questions, Amresh buy, sell? buy more? Do nothing? I am a HODLer. I buy when I can regardless of how the market is performing. So my obvious answer is: buy if you can. Sell? No way.
It is amazing how human psychology works. We are social animals. When we are fearing we all fear. When we can eliminate this limitation everything is possible. True great investors have made the highest returns by being contrarians i.e. buy when the herd is selling and sell when the herd is buying. Crypto investors are by definition contrarians. We are buying crypto because we have been put off by the traditional financial model.
Ask a crypto holder what he or she thinks of the current financial system and all hell breaks loose. The herd still needs to see this. In the months November, December 2017 we seemed to get there. Lots of media attention for crypto, primarily because of the rise of bitcoin. It did some good to the market. I have seen people entering the crypto market because of this media attention. A good indicator.
What I am also positive of is that more and more people started to talk about it. Under normal circumstances this would be an indication to get out of that market. If your maid or taxi-driver starts to talk about stock investing you know it’s time to get out. But with crypto investing this is a good signal. It indicates that the ordinary crowd is entering. This makes the market stronger as the crypto coins gain value by being adopted. The more people that use a specific coin the more valuable the coins becomes. Crypto is all about community and community building, hence the more people talk about it the better.
hey @abajnath i missed you lol
man i had the same experience today in taxi, the radio was on and suddenly a new about "cryptocurrencies!" guess what the taxi driver did: turned up the volume haha obviously i was in the back seat consulting my blockfolio lol
btw: I have a proposal for you where you can get passive income daily here at steemit. The project is already underway and giving performance daily, if you are interested in maximizing your Steem power let me know. ty
Hi @beiker! How are you brother? I am always curious. Please tell me more.
i just wrote a post telling the project in my blog (don't want to use yours to promote it), the passive income is 57% annual for delegating SP, tomorrow i'll post more details :)
how can i contact you? discord? mail? steemit chat?
bro since this post is 8 days old i'll paste here 2 post so you can check the project:
https://steemit.com/bots/@beiker/my-thoughts-on-delegating-part-of-my-stake
https://steemit.com/community/@beiker/redlambo-is-looking-for-new-steem-power-delegators
let me know if you need more info <3
Yes sir i fully agree with you. Hold is batter than sale.
HODL.
Buy and hold, crypto is just for hodlers not for panic sellers, So buy and Hold if you wanna Get huge profit
Agreed. Panic sellers are just transferring their wealth to the Hodlers.
yes you are right every one is confused but i think we should hold this time.hold and wait.
Patience Daniel san.
It is really confusing. I am also in trouble.
What is troubling you?
Yesss it is true .. I join recently but I am confused as you sir why every thing is going down it is really hard to find why?? What else we gonna do I just freaked up .. help us get up bitcoin and steem please
Since I have been investing in crypto for a couple of years now I have not been following the stock market. The last few days the stock market has been declining too. As more traditional investors enter the cryptospace the more the markets are linked and correlated i guess.
So this means no place for new comer if they haven't any investment this is so hard to make a place for new players who are ready to work hard.
Nice post!
I agree, your approach is by far the best for investing longterm.
Listening to the news or the general opinion is the worst we can do, following what they say is a sure way to failure. In fact I sometimes use the general consent to figure out what to do by doing the opposite of it)
Yes please do not put your coins at the mercy of journalist and general sentiment.
The one who predict well will succeed. Because it is too turf to decide. I will pray for everyone to get success
after a long time i found ur write...informative and helpfull content for crypto, bitcoin...thanks sir...reesteem done sir
really u writting is good about crypto...nice presentation...
Crypto is all about community and community building, hence the more people talk about it the better.
nice talking
thanks.