With $160 billion wiped off the entire market, this is definitely not a space for weak hands.
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With $160 billion wiped off the entire market, this is definitely not a space for weak hands.
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No people have to hang in there. It is normal crypto behavior though.
This is where long term focus enters.
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Absolutely, For someone like myself who is an "almost newbie", it feels a little scary. But long term focus is the deal, I'm holding all the way
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LOL go through this a couple times and it becomes just another Monday.
There was a time when I thought a 10% drop was big. That was before crypto. In the stock market, you stock crashes like that and you are wondering if there was an accounting scandal or something.
With crypto, 10% is nothing. Just a minor pullback.
The market really needed this to be honest. Good to have the clearing out to remind everyone it is not up up up all the time.
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Building strong hands does take time, sometimes you feel youre the one that is wrong or not making the right move, whereas all you need to do is stop looking and just hold, like you've said, sometimes, its just another Monday.
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True, the cryptocurrency market is not for everyone. There are people who don't even know how to keep their passwords or seeds ... imagine staying psychologically strong in this market lol
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It's really hard for some newbie that just got into the crypto world and seeing this dip makes them shiver and having a second thoughts.
What i do try to enlighten them on is that's how the market is, bitcoin was once $1. Time is money so am holding to the moon
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It is true, for those who arrive now it is even frightening, as they do not even know 10% of how wild the market is.
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Thats it exactly, it is also quite hard for newbies to be committed for the long term upon entry, due to the rumours they heard before hand, most people think you get into crypto and start making money immediately, whereas a lot of people who make good money from crypto are long term hodlers. Strong hands are something built over time
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It is true friend, this can even be a good topic or debate to discuss. Cryptocurrencies do help us, but to think that people can get rich overnight is to be very naive.
Time must be our most faithful ally on this road.
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