If anybody is hodling altcoins you probably had this reaction today.
I have a small index fund of altcoins and they took a pretty big hit! Some over 15-20% losses in the last 2 days!! The general accepted theory is that whales and users are redistributing their holdings into bitcoin to accumulate the segwit2x hard fork come november. So the next question is how should i react to this change in the market?
Options
- Hodl
- Sell
- Start accumulating
My Take
I'm hodling, I had this same situation happen in 2013 and I took a nice loong break from crypto to come to find out in 2017 it was worth way more (especially altcoins)! My biggest regret from 2013 was that i just hodled and didn't accumulate when things got cheap and boring. So this time I hodl and show true patience and wait for cryptos to drop some before putting in buy orders on dips.
Remain Calm & HODL... :D
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I always see a guy in Leiderhosen singing when I see "HODL... lol!
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img credz: pixabay.com
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