View this post on Hive: The Market Fluctuation and the Law of Conservation of Money
The Market Fluctuation and the Law of Conservation of Money
7 years ago by drakos (70)
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Well said, still holding strong here and not selling anything in the red, I was not selling in the green even.
Still waiting to see your top crypto choices, we demand a post on that!
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Ok ok, I'll do that this week :)
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You are truly one of my favorite bloggers on Steemit, Thank you!
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Btw, do you still have some of that BTC from $1800? 🤑
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Never bought any bitcoin at $1800, but bought many at 250-500 range. Sold some at 13k, 16k, and 19k but still hold 95% of my coins from Bitcoin, Eth, Litecoin, Dogecoin (a special one since it was my first investment) Nem (holding this since the ICO on NXT platform), Ripple, i need a page to finish the list i have, but will really want to see which are your favourites.
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In days like today I am like, watching coinmarketcap:
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I will buy some more steem, if it goes further down, regret not buying more when it was below 1 $ :)
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Deep down I hope it goes back to $1 so I can buy a shitload of it.
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Good advice @drakos just like the warren buffet always says “Be fearful when others are greedy and greedy when others are fearful!”
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Very insightful post Drakos. Everyone investing in cryptos need to be levelheaded and not get carried away by the wild swings of the tide. Buying low and selling high is everyones dream but i wonder if many can manage this. Hence, profit booking from time to time is off essense and success. Whatever goes up has tp come down by law of economics :-) . 2018 should be a wonderful year for cryptos and hence i am fully invested at this time. Regards Nainaz.
#thealliance
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I love this article.
Clear and short (I've got nothing against long posts though)
My take away from the article:
"When someone is panic selling, someone else is happily buying. "
Steem on
PS: I followed you. Mind following back?
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Warren Buffet says:
Be scared when others are being greedy and be greedy when others are being scared.
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I concur to the above opinion because it is the key to acquiring great profit in cryptocurrency. With proper research and hodl you can acquire 1000% to 3000% and above profits, for example buying of verge and tron like two months ago and selling at early this year explains it all.
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I got into Verge a bit late, in January. But there's still a lot to profit when it goes above $1.
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I'm se relax I don't care if market bloody or boy huh I know oneday market will be green I'm waiting
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If this Monday was bloody,next will be best for green
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In my eyes, the most important question now, is how long will BTC correction take. Good to use for finding out the answer is Elliott Wave Patterns. Please check out my href="https://steemit.com/trading/@dkn/puzzle-of-the-week-what-is-the-next-move-of-bitcoin-let-s-find-out-together">post I am looking forward getting traders assistance to find the match with existing corrective patterns.
Thanks for your updates, @drakos! It is always cool to read your thoughts
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Buy the dip. I'm glad that we have red days because it makes it easier to stack my cryptos.
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I'm willing to buy happily, only if I never spent all my bullets before this correction..
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Great advice! Like you said, I think a lot of people get caught up and sell, when in reality they should be holding and buying. I am okay with a little dip because I know that tomorrow it could be way in the green.
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This information is very nice to us, which deals with the fluctuations of the markets and how to protect our money from loss and reliance on the predictions and developments of the market and global conditions, and thanks so much for sharing this information.
Good lick my friend @drakos 👍,,, all the best for u
Good luck
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When in doubt, refrain from being a muppet!
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Lol. I got a good chuckle out of that comic. That pretty much sums it up. Wish I had some dry powder right about now.
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Nothing to do but to hold and wish.
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When you sell cryptos... what do you sell into?
Or, if you do not have a bank account, and won't trade the US$, what do you trade into when you feel a bloody monday coming?
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There are many ways to trade. You can sell into bitcoin, and if you're unsure about bitcoin holding a high value, sell that into USDT. When bitcoin goes down, rebuy, and resume trading.
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Where the lambos at!? Lol
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https://steemit.com/ripple/@karolynaz/thank-you-ripple-for-my-first-lamborghini-omg-please-share-if-you-like-ripple
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wuao what an incredible publication! vote please thank you very much
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forget about Monday, bloody Tuesday it is hahhaa
HODL
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Indeed, I just woke and saw the bleeding continues!
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Okay, that last image of the traders spreading hearsay into a mania is pretty funny. Crazy as crypto, but in blog form.
Good article, always important to see opportunities through the fog of emotion.
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This long ass Jan month means I might have to cash out due to needing cash and not to panic selling still better than racking up fiat debt or is it possibly better to keep that fiat debt ?
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smart strategy, we the new entrants in the cryptocurrency stock exchange market can get to maximise the opportunity at hand here
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