While the prices are currently not as fun as they were in December, I don't think that Crypto is dead nor dying. There are so many reactions today on various social media sites I am on. A lot of people pretty new to the space who sound like this..
I've seen and talked to some stressed out people, and I am not here to tell you what to do
In Crypto there is a culture I find a bit odd where other people are very interested in telling you what to invest in. I can see how it developed, but it still strikes me as strange. I also see a lot of people who are very interested in telling you what they think will happen. Some of them have more experience than others. If someone's only experience is being a good trader during a hot time within a hot market - weigh that in to how much weight you give their views.
We all have different goals, different risk tolerance, and different financial goals. Depending on how invested you are or aren't these times can bring on some stress. I tend to feel my emotions, not much I can do about it, they are physical and emotional reactions. I do try to not act on them while I am experiencing anxiety or stress.
Stay calm and realise that guy who is screaming at you to buy or sell may not understand your current financial situation, goals and path.
It isn't up to me to tell you what to buy or what to sell, but I would say check your emotions before making big decisions. If you feel you need to make a decision maybe try talking it through with someone who you trust.
Stay the Course
It helps that most of my BTC is on paper wallets. It significantly slows down the panic process.
Yes my portfolio has also been shrunk by half, but I am not in stress becoz this was predefined for me before investing.
It's definitely time to hold. It's crazy how low prices are falling. It's kind of a really good sale day though if you've got some extra money.
@whatsup,
Strong hands wins and Panic will loss! This is crypto and obviously this is not an investment! Some people might think crypto is an investment! For me this is just a kind of high fluctuation market place and we are surfing on it!
Cheers~
It's funny that these dips don't really affect me as much, cause most of what I have invested/invest is coming from Steem. If they all bleed at once it doesn't make much difference transfering one to another. It's all a longterm hodl for me anyways... And I know that what I am invested in has value for many years to come.
Thank you for some calm insight into the situation. I'm new to the market but I am honestly "annoyed" for a lack of a better word, at the dramatic responses from everyone in the last few weeks. I'm certainly no expert, but from what I've gathered from experts, the best thing to do is relax.
Again, thanks for your casual approach to it. People need this. Cheers!
It's unquestionably time to hold. It's insane how low costs are falling. It's sort of a better than average deal day however in the event that you are very brave cash.
I'm trying to be like:
Buy in the red, sell in the green. If you're still holding, keep on holding. Consider increasing your position in the dip. Too many new investors who are overly emotional in the market right now, taking positions that are wayyy too big for them to comfortably handle a short term dip.
I don't touch my holding portfolio, pretty much only add to it - unless the price spikes real high (like when XRP pushed above $2-3), in which case I'll take some profits and rebalance my portfolio.
For me this has been perfect trading. Loving it. Buying dips and selling on the bounce, but only quick entries & exits - haven't taken any serious positions. Like in & out within an hour or two.
You have to stay patient and coach the noobs through this as a crypto veteran. I remember the sage advice of @sequentialvibe in September. He looked at me calmly and stated:
I'm pretty much a noob too. I am just noticing a lot of other noobs telling everyone else what happened, why, and what will happen next. It makes me cringe a little. How do you give financial advice if you don't know what a person is trying to gain... and when.
We will see bullish recovery followed by sudden drops, and real recovery from 16th Feb onwards. Followed by rocket rides March onwards.
lol... We could. We could also see the failure/Discrediting of Tether.. (Add more fud here) and a panic exit.
I am in and hodling. I lean towards your assessment, but nobody knows what we will see.
This is true as well. I have always been the wet blanket voice of reason in our group. More opinion based upon personal exploration rather than financial advice really.
I remember feeling like this in September. Then I recall what November was like. I will not forget it when it happens the next time. Just worry a little less when it does.
First half of 2018 will be either RED or RANGE TRADE for bitcoin and the second half will bring the bull run for bitcoin.
Thank you...steem on and stay blissful...
Prices are tanking, but the fundamentals are better than ever! Many mainstream platforms start an exchange, BTC payment in more and more industries are made, Lightning Network rolling out, Fees cheap again.
Beside that all the FUD turns out to be fake after a while.
BTC is becoming really undervalued! Hodl and accumulate!
For long term investor like me this is nothing to worry about.
Just watch the drama of crypto trading and have some pop corn.
Thank you and Have a great day.
Nice post and i like to mentioned that pumps and dumps are part of crypto space and we don't need to feel panic in such dips in fact we need to hodl and buy more if possible in such dips and we surely see great results in near future, thanks for sharing your nice thoughts with us, Stay blessed
@whatsup mam...
Digital money can make us rich to deal with ourselves. I genuinely trust that. Be that as it may, what I additionally accept is that it will influence us to sufficiently fit to serve the penniless also.
It is absolutely difficult for all to give. Every one is battling in their own specific manners. In any case, that is the magnificence of life is it not? One who has seen the intense time will identify towards the one enduring. Such a one when independent can promptly consider helping other people. When I put in endeavors to gain, I should put in little endeavors along to share.
One might be poor out of absence of education, another might be expected life's weight of overwhelming obligations, another might be out of sheer apathy and some might be not able meet the sudden needs of life. In any case, the truth of the matter is same. They all need assistance. From numerous points of view it can be tended to....
yes you are right @whatsup, during this situation stress is natural thing and i think mostly people here are stressed on current scenerio.
Stressing
I just Say HODL.
This is quite funny!
What i am doing is just hodl for long. My portfolio is at 50% as i saw it one week ago. Now a days i am not taking a single penny stress and just forget about my portfolio.
Patience is the key of success. Show your patience by hodling.
Best of luck :)
Come on Steem, you can do it!
Good post! I bought Bitcoin for the first time hours before the dip in September 2017, so I tend not to react much. The only think i wish for, is money coming out of nowhere to invest more... to be honest it's not seeing everything red that makes me nervous, but other people attitude.
Interesting post, and very informative and comprehensive in its content.
Well its decent steeming and concurred your awesome considerations @whatsup
Crypto is running emotional route not up and furthermore down.
A debt of gratitude is in order for refresh about your perspectives against cryptographic money. Its advantage to steemit supporters.
My help dependably with you blog.
You're right. Now crypto is going to be a little bad now. But we hope it'll be okay later.
@whatsup
@whatsup...its definatly time to hold the coins and if you able to buy..you can buy it ..present cost of all coins is comes to very low prices ..in every year at the month of january prices was down due to some reasons like chineis new yera and also some tax issues..so be patient ..the price will be grow high in few days..
It is absolutely difficult for all to give. Every one is battling in their own specific manners. In any case, that is the magnificence of life is it not? One who has seen the intense time will identify towards the one enduring
Nice post sir.Upvote and resteem done.
Great post@ whatsup .
Thanks for searing.
Very needed post.
Thank you
Those image ain't helping..
Also I don't have much / I don't care much. \m/
lol...
We don't have to feel the pressure of news, i mean we know that governments and some powerful whales want to drop price to buy cheap and get easy and quickly profits
Yes that's true.
Many people panic because they either are inexperienced or just out for quick money or do not believe in the technology behind it.
I believe in it and can only advise anyone to stay calm and not believe any mistaken by panicked and ignorant people.
The future can not be stopped
Well its nice steeming and agreed your great thoughts @whatsup
Crypto is running dramatic way not up and also down.
Thanks for update about your views against crypto currency. Its benefit to steemit followers.
My support always with you blog.
I liked sum up of the situation and it could not be any better
It isn't up to me to tell you what to buy or what to sell, but I would say check your emotions before making big decisions. If you feel you need to make a decision maybe try talking it through with someone who you trust.
it is a good point of view, everyone has their own situation, and having a calm mind is the best state one can be before taking a big decision, to that I wish to add something that my brother told me once:
A recommendation is just a recommendation.
BTC is still $9000 and it will bounce back. BTC is down so are the pricing of all other coins... someone put it into a gif
I have a decision to walk on steemit. But I don't know how will happen in crypto.
a good day to buy imo :)
Now time to hold.Crypto is running dramatic way not up and also down. Thats good sale day though if you've got some money
Kind of roller-coaster up and down...to enjoy the ride you just need to hold the bar and keep enjoying.....and keep patience👍
I do not think that Crypto is dead or dying.
I agree with you, crypto is getting ready to jump, hopefully this is right in front of it ..
It is very crazy, the price is going down. I had time to think this may be the beginning of the year, therefore the price is declining. But after the middle of the month the price actually goes down. Maybe this is all due to the influence of the price system in the market. But I'm sure it will be normal again @whatsup.
This post has received gratitude of 1.23 % from @appreciator thanks to: @whatsup.
don't sell now, trump said hodl :) lol @whatsup
@resteemia
It sure is the fact and yes gotto see many that are panicking ,while it is indeed a pretty common situation that is the ups & down in crypto world !
Hope they take a good decision while the market is down !
really i dont know why it happening to much i mean like from the start of 2018 is is not good year forcrypto is dont may be many people start know about this
I want you to be my Mom again... I'm having post pardom adoption syndrome (I might have made that up). I've been so life busy this week I've barely been able to keep up. You're funny & witty & I love having time to check your posts 😊 and remind you how awesome you are!