RE: Everything is down. New crypto investor & my thoughts on HODL'ing during this plunge.

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Everything is down. New crypto investor & my thoughts on HODL'ing during this plunge.

in cryptocurrency •  8 years ago  (edited)

Some people see significant drops and the fear, uncertainty and doubt (FUD) sets in because they bought at the highest highs. So what do they do? They panic sell at the lowest lows. Then what happens next? The price shoots back up! Then they start FOMOing (fear of missing out) and buy back at a much higher price then they sold at. They never learn because they keep doing this. Keep doing what you're doing and HODL!

Don't' be shocked by the volatility as this is just the way things are. We are still in the wild west as it becomes more mainstream volatility will subside. Wise words non the less - proud of ya!

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Well said Jgurv. We all need to take a step back and realize the predicaments that we put ourselves in when we FUG & FOMO takes over.