The dip seems deep and drastic unless we see things in perspective, it's still higher than a month ago
The entire crypto market seems to be in panic mode now and the dip seems deep and drastic unless we see things in perspective, it's still higher than a month ago.
Although it's almost all red, but if we just look back from a month ago, most are still higher.
Can it all go lower? Yes, it can if we continue to panic and dump.
Unless you are trading on margin, there's really no loss until you sell. The math is simple, if the price is not in your favor, hold it or HODL, in fact, it makes sense to buy when there's blood on the streets.
So why so many people do the opposite just escapes me...
We are all on a journey, remember to enjoy the sights and sounds along the way, and do good as often as you can and as much as possible.
Alex
Here's a few more from that little voice in my pea-brain head ;)
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Secure your cryptocurrencies in a hardware wallet,
I recommend Ledger Nano S
pocketsend:101@alexthemagician, have fun!
It seems we are entering the fighting phase.
Thanks, appreciate although I don't quite understand the pocketsend.
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Thanks for using POCKET! I am small bot and right now I am running this code.
Don't worry about the price! I have discovered new information using Tasseographic Analysis! It shows VERY bullish signs.. I have posted my results, proof rather, over here: https://steemit.com/cryptocurrency/@pandorasbox/bitcoin-will-be-fine-applying-tasseographic-analysis-to-predict-the-bitcoin-charts-very-positive-outlook-proof-inside
Thanks, went over your analysis and hooked all the way to find out how incredibly accurate it is :)
As a magician, you're the expert of course :D
Bitcoin Cash is suffered the most in the Heavy weight, i think so, since touching an all time high of $1090 last month, it came down to $450 levels. Very good post.
I guess when it comes to investments, only in Crypto markets do people expect huge returns in a month or two.
Well said. It's about perspective. It's about comfort level of risk. Look at those who bought when it was at $1,100 and saw it drop to $180. Can you say you lost any money? Not so if you were off on an island totally disconnected, came back years later to see it at $3,000... you'd say, "Holy #@$#$, I made a lot of money!". All the while as the price was dropping years before, people yelling the sky is falling. Those who held and kept buying on the way down, those are the true investors.
It's hard to resist but yeah, not looking at the charts for now might be a good idea since there's really no way to predict anything accurately for now if it is indeed a panic dump caused by China. There could be news any time from now that could turn everything around as fast as it sent everything tumbling down. Can't we be like farmers who sow seeds and wait for them to grow while not turning the soil checking the seeds every other minute? ;)
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