Incredible Perspective For Any Crypto Holder
This could be the most important thing you'll see today when it comes to crypto trading and investing. It is easy to get caught up in the moment and not look at the big picture.
(Source)
I want you to look at what happened in the cryptocurrency market last January. There was a huge crash at the time and people started panicing.
Back in January of 2017 the market soared to almost $25 billion and then crashed and lost half its value in just over a week. People were freaking out then, but the ones that didn't sell. The ones that saw the long-term vision got rewarded.
Look at the crash up above and now look at where that crash fits into the year as a whole. Can you even see it?
It is just a blip on the radar, barely noticeable in the grand scheme of things. Imagine, that little speed bump caused hundreds of people to sell and get out, when they could have doubled down.
The entire purpose of this blog is to get you to look at the big picture. Don't get scared if you see a lot of red in your portfolio and you're down on some investments, just hold tight. Look what happened if you felt this ways last January, but decided to hold for a year.
Hang in there, after all the sell-off now isn't even as bad as the crash last January. So toughen up. lol
All graphs from Coinmarketcap.com.
I hope you found some perspective with this blog. Let me know your thoughts in the comments below.
Does this happen every year? Could it be the Chinese new year is causing this?
Hmmmm..... I hope the market goes back to normal
Nice info 👍👍👍
lol, this is normal. Thanks bro!
Yeah you are welcome 😘😂
Keep in mind that at this point there are many more people invested with much more money as well. I agree on the 'double down' argument you mentioned, but it's hard to double down if you're out of money!
hahahaha, story of my life. lol. I agree. If you can't, just hold. You'll have the money next year. Thanks for the reply. You got a new follower.
I think I'll wait it out for a bit. I'm not sure what to do since I fully expect a 90% crash. However, that crash could be in 2020, who knows... like your other post, I don't want to buy a dip which keeps dipping, ha! (Following you as well)
cryptos too hot rn! even the whales are enticed to make a move.
I dont understand about this cryptocurrency LOL :D but I'll be try to understand about this your blog :)
To many people think it's going to be easy fast money. You need to be ready to stick it out for a year or two years or longer.
Yeah, that first week rally of the year was crazy so even a 20%-25% loss from marketcap is really nothing. We're always seeing big waves up and down because of human nature, there's just no way around it. If 20% dip scares one off, a serious re-evaluation, whether you've invested too heavily and have too much to lose if everything crashes, should be made. Or if you're financilly safe either way, but still can't help yourself, maybe not looking the coinmarkecap.com daily would help... I haven't checked it today but that's because the information doesn't matter so no reason to bother; I'm still holding for a long time no matter what.
I'm personally all in in crypto but that's because I'm young, barely 20 years old, so I have nothing to lose. If all crashes it would just mean going back to my (miserable) life without any real direction.
I agree with you 100%. The worst thing one can do right now is sell. Time to batten down the hatches and just ride it out. I got no spare cash to buy so I'll just keep mining away and accumulating coins for when the market goes back up. With luck a bunch of the people who recently got into mining will give up making it easier for the rest of us to find a block or two!
wall i like this