“Get your crypto while they’re cheap” — damn straight
Human psychology is a little bit hard to understand some times.
IF there were a “buy one get one sale” at your local food store or a 50% Off sale at your favorite store — people get all excited and buy.
BUT in the world of crypto’s — when there is a sale of 50% people are “unwilling to think the same” — or I should say most people are that way. They would rather buy when the price is going up and making new highs everyday.
It’s like when the stock market melts up and all the FACTS show “insiders—corporate executives” selling their stocks and normal joes are late to the party and left holding the bag when it the market tanks.
For crypto holders who have a long term vision, this is a crappy every 4-5 month painful decline, but you hodl and gut it out. The remarkable thing is how short these dips are becoming. We all learn along the way.
For those that are nervous, maybe it’s a call “to learn and research” and get a “comfort level” or knowing of what “you think” should happen so when it does happen again —- and it will — you feel strong in your convictions.
My belief is people in this movement collectively want to diversify their risk in this investment. Last time I looked, the stock market is the bubble. Last time I looked, the dollar is the global reserve currency that no will have such status over time. And the bond market —- who would ever “lock up” your money for a 2.5% return each year for 10 years — really?
The US and other countries actually are more favorable crypto environments than some countries — and this is a good thing for people in those countries. Japan saw the advantages and has a huge headstart over others. If dictators want to limit this technology from it’s people —- well you know how that might turn out —- they can see others progressing and being rewarded and they may be restricted or not able to protect themselves ?
There will be stops and starts along the way with country crypto’s but sooner or later it will be a domino effect as “paper squares with ink on them” are no longer trusted as they once were.
And last but not least ....this is the history of quality crypto’s ....have a great 2018 :-)
Every coin is green today....yesterday was the best day to buy. Back to normal all cryptos
We don’t know for sure yet....it will need to build a strong base and slowly go back up :-)
A lot of mom and pop investors that are use to stocks are not use to this volatility.
Well many were burned in the markets in 2000 and 2008 and afraid of the markets so I understand their fear at this point.
Yes, agree with you, in my opinion also we should buy the Crypto's at the time when prices are low, and we all know that financial market is very risky, in my case I will buy Crypto's for little so if I face loss then it will not effect me. And yes the market of Cryptocurrency is expanding rapidly and inturn Blockchain Technology is expanding rapidly, and people preferring the Blockchain technology for decentralised transactions. Thanks for sharing.
Have a great day and stay blessed.
Thank you for your comments and good post. :-)
Welcome and thank you. ☺️
Thank you very much !
Absolutely love your post and the accompanying meme at the end! I know a lot of people may be in a panic because crypto has been down but I like to look at the bright side of things. For some that may have missed out on buying a coin because the price had increased passed their budget, now have an opportunity to take advantage of the low prices. In the end you just have to have patience and continue to stay abreast of what is going on long term wise so you can make the best decision!
Agreed and good post. For me it’s easier to take the downturns as I have come to believe in what BTC/LTC can provide society especially with the ills of the dollar and financial system. Nothing is perfect, but at least we can see an effort to have a “transition to something” to hold value — as opposed to being surprised by the dollar in the end.
Like money in the bank. wait that was yesterdays saying. lol