Get Ready for Crypto-Bloodbath Part II - HODL your ass off

in cryptobloodbath •  7 years ago 

Psychologically, you need to be prepared for what is about to happen. Crypto-currency is about to see a major sell off. This is not going to be the end of crypto, but it's going to hurt. Remember all those crypto millionaires that the media was parading in front of us a month ago - many of them will be back - if they agree to interviews. Except now, most of them will be ruined or seriously depressed.

You need to hang on, know that the markets will turn around, and focus on some other activities for a while. Buying the dip right now will be a nightmare - wait for the bottom - somewhere around 6k for BTC is my guess (and that is a guess). Watch out for diving into other markets right now - there is a big correction coming there too - and that is where things will turn for crypto.

At the moment, bonds are in a bubble, stocks are in a bubble, crypto's bubble is deflating, and gold and metals are starting to inflate. Real estate has been in a bubble for a while. Just HODL and wait for the bottom. It will come.

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Captain Vapoor (that's me) publishes some compelling and sometimes downright weird shit. If you dig it - please
Follow me and Re-STEEM and comment so we can get to know each other!
In addition the following may be helpful to both of us:

Robinhood Crypto Trading Platform
If you want to buy or sell cryptocurrency you will need a couple of accounts:
Binance: https://www.binance.com/?ref=13319173 (I get a little bit from your transaction fees if you use this link - thanks)
Coinbase: https://www.coinbase.com/join/52d742c6c60a61f2a6000033 (Use this link and we both get $10 in BTC)

And for trading stocks on your iPhone (and soon Crypto):
RobinHood: https://share.robinhood.com/christd2392 (use this link and we both get a free stock like Ford or Apple)

If you missed the first installment of my story - here is the link to it:
A Noobs Guide to Blockchain, Bitcoin, and Cryptocurrency - My Story Part 1
And the second installment
A Noobs Guide to Alt-Coins and Cryptocurrency Speculation - My Story Part 2
And here is the latest installment:
A Noob's Guide to Investing in the Stock Market - My Story Part 3

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