When can we catch a damn break, eh? I mean, this is pure insanity! The "capitulation" momentum gathers by the day and people are starting to throw themselves out of building. Metaphorically speaking, of course. Blood is thrashing through the streets and there appears to be no let up in sight! Earthquakes are surfacing, volcanoes are erupting, mass hysteria is reaching epidemic proportions and the asteroids hasn't even hit yet! God, no! Help us, someone! Please! Because at the end of the day, the bottom line is "Am I worried???"
Erm, no.
Whilst many are feeling as I previously described, I guess I'm more at peace with the situation. The markets are in free fall but I'm secretly hedging on things turning around for the better over time. No one knows when but it's just market cycles playing out "crypto-style". Popular YouTubers are offering up apology videos regarding their unrelenting calls for a bullish pump being "just around the corner". They act like they give a shit when, in fact, those same individuals are probably hoarding like mad in the background. But they don't want "you" to know that because of their viewing figures and the like. After all, crypto is a lonely game and most people only have these guys as their "go-to" source for advice and information. Scary, but true.
But no. Really speaking, this is the time to HODL if ever their was one. Remember what people used to say at the end of the bull run beginning of this year? When "everyone" is talking about getting into crypto (and I mean your neighbours, work colleagues, the postman and his cat), that's your safe bet the market is imminently gonna do a swift about turn. And look how that's played out so far. We are experiencing a very similar phenomena now but from the "other" side. The FUD train is running at a fever pitch. No ETF's, No BAKT, Bitcoin ABC vs. SV, SEC delays! It's a shit storm of negativity all round. So I say this. When the tornado settles and the markets get back to doing what they do best, let's see who is left standing.
Sure, this cataclysmic market looks like it's heading to zero. Like many such times before it. But it's not. Trust me on that. Sadly, we don't have a crystal ball available to us therefore pure analytical logic and instinct, is all we have at our disposal. Just stay calm, look at the lows of where we're originally coming from, in addition to the tremendous impact that crypto is already having on the world as a whole. Add to that the tonnes of OTC purchases of BTC by huge institutions and you should envisage an epic explosion in price, at some point, When will that be? Who knows...
But you best be ready for when it arrives. Why? You'll see. :)
I can not buy I not have more money ... but I make posts every day and I try to collect. But if I say something then now is the best time to buy all this up.
Got it, buddy! :)
Thanx :))
Yeah, I agree. I have a price in my head and each time it falls below that I try to buy in. Like any market it will pick up again. I'm powering up all I can, because when it turns around, those of us who are still here, still blogging and still powering up are going to be very strong.
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That's the idea, buddy. :)
Interesting blog ..I like it..
Heads above the water, that's all we need right now. Hold your fear alongside your coins. Don't let it go! You can be afraid and insane at the same time as I am; like we all are who still believe. Lol, I'm going to gamble a little to relieve myself of this stress.
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Fear messes with emotions. Best to keep them in check, I find. :)
I welcome the capitulation as it is completely needed to establish a base. Unfortunately, we are not seeing the volumes needed for it yet! Crazy but it could actually get worst. However, I am with you and adding painfully on the way down.
Those "painful" averages will have you smiling from ear to ear when the markets turn. :)
Bitcoin below 1000 and steem below 10 cents. Wait for next few months before you buy
Would not be surprised in the slightest. :)
Yep, there's blood on the streets alright. You know what Warren buffet would say about times like these ....?
On a side note, does anyone know why eos is getting such a kicking...?
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There's a lot of FUD around EOS at the moment. Dan "leaving" rumours plus apparently expensive for developers to create apps on it.