Hold Your Bits!
Hold on to your Bitcoins and Altcoins!
For goodness sake people, the world isn't ending because Bitcoin took a dive. Yes, most coins are tied to the Bitcoin for many reasons, but just because they crashed over the weekend does not mean we are doomed. In fact, it really is mainly an opportunity for people to actually capitalize even more.
There are many reasons to actually not panic at all over the recent plummets in profits. That is because that is all it is, just a plummet in profits. The keyword is profit, most people who bought cryptocurrency are still in the green when it comes to profit. Selling those coins now are like selling yourself short, especially when you have seen how high the price can rise. My advice to you is to stay patient, keep your eye on the prices but mainly remember the price you bought your coin. It was probably so much lower than it is now, we may forget that it is merely greed making us feel cheated. Think long term, stay stable and be a poster boy/gal for the crypto community so that we can continue to build public trust and faith into what we know is the future. Even though we may be feeling like Braveheart when it comes to having to hold on to our Bits!!!
Just remember, when your friend, who doesn't have a "Digital Asset portfolio" was smirking as the price in Bitcoin fell, you can still hand out sound advice as you are still in the green. Give them a friendly reminder of where the crypto-game is headed and tell them here is your second chance to buy. Don't miss it!
Sincerely @saysay
Financial fitness is fitness!
If you bought into a nascent market thinking there wouldnt be turbulence, youre going to have a bad time. Take every dip as a buying opportunity!
exactly! :)
So bitcoin was worth something like $100 not too long ago and now that it's a little under $2000 everyone is losing their minds? Lol. I actually think the panic is being overblown a little bit. I think the majority of people realize what's going on but are planning on capitalizing off of the drop in price.
Good advice @saysay! There could be people that are in situations financially, that are in dire need, but we cant say it's the same for everyone. On the other hand, there is no need to attach your emotions to the graph unless you need to cashout now. I tell people all the time that they are literally wasting their energy freaking out and thinking that the world is going to end when the price drops. A major breakout in price means a major correction and switching your mentality to thinking that it's a buying opportunity and not the end of your investment will help you emotionally cope during your term. People make irrational decisions based on emotions like fear and doubt. Woosah.
thanks @oh-kay and @teecharles for the reply. I agree, in fact, the only thing that worries me is that people will spread the panic.