All Red today. Don't Panic or Sell
All reds but do not panic or sell. Remember, you only lose if you sell low when you bought high. I have not sold one crypto coin since I started 1.5 years ago. I am in this for the long haul. The ups and downs is to be expected. This is the wild, wild west. This market is what a true free market is like. Most of us have never seen nor experienced a free market. The markets have been manipulated for most likely over 100 years in this country.
Big institutional money is getting into crypto's. They love it when the small guy panics, is week kneed and panic sells.
Do not be that guy.
Look, all of the ICO's would eventually have to cash in their ETH to raise capital. These are start up companies and they need cash. It was inevitable that a sell off was coming.
View these reds as a great opportunity to buy.
The crypto's are at a discount. This sale is good for all of us. The big month will be September for us crypto adopters. The global economic data will not be the brightest by the end of summer. More banks will be in trouble. We will start to see massive moves towards safety and crypto's will benefit from that. Unless you are a day trader, buy and hold. Do not sweat the Red's.
Great post and advice! Thanks!
You are welcome
Great post and advice! Thanks!
You are welcome
Yeeha!
Yep, put your spurs on because the wild, wild, west is here! LOL
If you're on GDAX, you can see where the walls of support are and set your limit buys just ahead of them.
Yes, great comment. Thanks for bringing that up!
Thank you. I'm small time new trader and hate to lose hard earned cash. I panic in the red. But your article has calmed me somewhat.
I just hope the graphs don't end up looking like the 'silver' graphs of 2011 - now.
No it will not. We know silver and gold have been manipulated for more than 100 years. They can not do this with crypto's. The must physically own coins to sell off and create a panic. They can not use phony paper contracts like the precious metals market. Buy the dips and hold. Just think two years from know all of us will have life changing wealth!
Nice post and thanks for the heads up. I think its good to buy on discounted red price.
Yep, buying some LTC today