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RE: As the price plummets, others are setting up for the future

in #cryptocurrency • 7 years ago

totally agree with the 'hiccup" as you've described. I believe the crypto crash has a lot to do with panic sale as well, we need to HODL. Some of the less experienced crypto traders freak when price starts to go down.

7 years ago in #cryptocurrency by
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     7 years ago 

    well.. it went down a lot in just a few days so the panic is understandable. Long term hodlers have experienced deeper dips though. for instance https://www.forbes.com/sites/timothylee/2013/04/11/an-illustrated-history-of-bitcoin-crashes/#744d66d54039

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     7 years ago 

    I agree too. It went up very quickly and there are some spooked investors out there!

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     7 years ago (edited)

    Yup, which is why if you have funds on the sidelines, or funds you intend to rebalance, it all just becomes a garage sale for buying discounted coins for those of us who are long on cryptos.

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