You are viewing a single comment's thread from:
RE: Why you shouldn't be worried about these dips and why I'm buying
Doesn't matter how much market goes down. You are not in loss until you sell your crypto.
Therefore Just Hold It.
Therefore Just Hold It.
This is not true. And its a big mistake to ignore. Ego and overconfidence are the main features of loosers in the global financial markets. You should proove you ego and be more respektful to the market.
The market is always correct - nothing else. The marcet makes the prices and this is the main feature. There are more than 3000 coins meanwhile in the market. And nobody knows which coin will survive the selection porcess of the future. Propably only 3 or 5 coins - evenutally 6-12 coins, but not more from my point of view. This means that 99 percent of all coins propably will be worthless.
What do you think will happen, of there is an Amazoncoin or a facebook coin in future?
Difficult to say what then happens to the other cryptos in the meanwhile. I don´t like the overvalued comanies like Amazon or facebook and its censorship - but they are very big and has enough financial power to restructure the complete coin marcet.
Do your own due dilligence. And note: It makes not sense, what you or me are thinking. In the markets people acting which are able to press a button and to sell some millions within a second and so on.
Good luck. This is casino money at present. Monopoly - it can bee a winner game or a looser game. Future will tell us more...