Hodl Today, Hodl Tomorrow, And Hodl Next Week - When Entire Markets Are Down, It Is RARELY The Time To Sell
The only question you need to ask yourself is if you think that this is the beginning of the second great depression. If the answer to that question is no, then you should hold when the entire market is down. A correction will occur unless a new great depression is at our shore. I am of the opinion that no, a great depression is not quite imminent and so my strategy is to accumulate and/or hold during this period. When there is blood in the street, it's time to buy, even if that blood is your own (Rockefeller).
The entire cryptocurrency market and the entire stock market have shown incredible downturn over the last week, creating a lot of fear and uncertainty in the minds of the masses. This fear has created a large amount of sellers and unfortunately for them (likely), this market is going to recover and they will miss out on the returned money from that recovery. We have seen it over and over again with crypto, a sharp decline followed by an even steeper rise in price and I think we are going to see another one soon. It could very well be a play by huge funds to pull the market down, get a deal and then put prices through the roof. Even if that isn't what is going on, this is not the time to run away, not the time to flee, not the time to sell. If you hold onto your crypto and hold onto your stock, it will return back to baseline before you know it as long as this isn't the beginning of a depression. I don't think that is the case, so I will hold, as I said. Fear not. Keep calm and hodl on. Things will be fine. You'll continue to earn Steem and Steem will touch the sky! :)
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Yup
I like your quot "Fear not. Keep calm and hodl on. Things will be fine." very motivating.
I'm glad to hear it! :)
I'm not selling any of mine. Hodl is the only smart thing to do. Lol
So i will. Hold
I think many people are frightened by the price of crypto all down hopefully not last long and soon bounce again
Good thoughts! Do you think it's to be greedy when others are fearful? :)
absolutely; same sentiment! :)
Thanks! Will keep that in mind :)
It will brighten up, no worries.
the market is very bad but hodl until the end :)
Currently crypto market very bad. But it will gain again soon. So time to buy dip and keep hodl.
HODL best way to preserve cryptos without any losses.
haha Yes!