Be the guy on the other side of the button

in #crypto6 years ago

Bitcoin Explosion.jpg

Sometimes I think that Satoshi is the secret owner of the Rolaids, or Tums corporation. This current downward plummet is making plenty of people pop the Pepto.

I try to be one of those crypto investors that has the calm personality that can withstand the urge to press the sell button during times like this. I have some friends that cannot believe that I am holding my positions right now. My good buddy Andy sold his Bitcoin in November because he couldn't take the pressure. We both had gotten into this at the same time. I have a miniature farm of Miners that slowly build up my portfolio. I am still old school dollar cost averaging into Bitcoin and Litecoin.

Right now if you are anxious and feel the need to sell, stop for a second about who is on the other side of that transaction. Even if you bought in last December, don't sell. Don't be the guy that sells at a loss, because the guy on the other side that is Buying right now is the whale. The uber rich investor that doesn't need the money. Be the guy that will smile in a year from now at $50,000 a BTC. What is John McAfee doing? He sure as heck isn't selling. If you have to move all of your Crypto into paper wallets. That will make you really have to think before you sell. Like the kid that puts his credit card in a block of ice in the freezer.

Be the other guy.

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