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RE: Another Bank CEO Chimes In
I am quite okay with holding back and see BTC into the 2000s.....I am looking to add and the longer the pullback, the better the position I am adding.
We could well see 50% off the highs which is not unheard of in the cryptoworld.
Oh yes for sure. The only thing I don't like is that when BTC drops 10%, the altcoins drop 20% or more. I am holding mostly altcoins so it sucks to see all my precious, precious gains go away. Hoping for a quick rebound after.. but without positive China news it may take a while.
Last time I had to wait 2 years holding the bag on Litecoin before I could get out. I know the market movements, but I also know that after the 'bubbles' it can take a looooooong time for a market recovery. Fortunately it's better and faster these days but we could still very well be entering another year-long downturn before we really get out.. it would not surprise me, as I've experienced it before.
It is undeniable that it can take a long time to get out from under water when a bubble pops. We saw that in housing...it took almost a decade for people to get out from under it.
I am a long term holder of btc and other altcoins. That said, I dont think you have a two year wait no matter what the pullback. Crypto is still an exploding arena and will continue to draw in boatloads of money over the next few years.