Thoughts on Crypto Market Crash | Have I Sold My IOTA? | Vlog #107

in cryptocurrency •  7 years ago  (edited)

People complain that I never post content on the "blood" days like today, so I thought I'd make a quick video sharing my thoughts on the state of the market. Plus, several people have asked me whether I've sold any of my IOTA, so I'll be addressing that in this video too.

DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

A lot of the newcomers got kicked in the teeth really hard this week, but it's a good, hard lesson for many people, especially the margin gamblers, whom I think are responsible for the big chunck of these extreme movements (forced liquidations, etc...)!

In November, early December 2017 newcomers got in the loop as the price rocketed. The bigger issue I noticed (at least from my personal friend group), is people who literally know nothing started throwing money in. Buying the Trons, XRP's, etc. of the world because Twitter told them too. When I wake up to text messages these past few days that read something along the lines of, "Whats up with these coins bro".. it makes me LOLZ more than anything.

You're a legend man. HODL to the moon I rate

Thank you!

I posted today in a "positive light", Id sincerely just like to hear your opinion on my thoughts on what the future seems to hold by taking a step back and observing whats been going on this week. https://steemit.com/cryptocurrency/@pharmacy-jinni/several-factors-illustrating-a-crypto-market-boom-in-2018

Well, upvote on the mention of Alan Watts. I'm a lot older than you are, so I can't just go all in. I'm not willing to go through what I went through to make that money all over again. However, if I was your age I would gladly be there with you on that. I think it's a good bet.

Perfect time to accumulate more...

It's good that I kept all my IOTA on bitfinex instead of wallet. In this way I don't lost my coins.

Today I sold all my iota in favor of Bitcoin. What o you think??

I agree, blood days like these don't matter if you're hodling for the long term for both the technology and the fundamentals. Like you said in the video, if you believe in the value of BTC you should have no problem with your position in it right now. Also, its not just BTC, I diversify by trading the other top altcoins, especially right now since there's great dip-buying opportunities.

Before when I didn't know too much about crypto I would freak out when these big dips would happen. Now I'm calmly hodling my crypto and just wishing I had extra fiat to buy more now :)

Thank you for sharing your thoughts during the fun times.

It never gets redundant hearing the advice during times like these.

DON'T STOP....BELIEVVVVIN'

Great one the sharing @louisthomas
I'm glad you like it.i like using my imagination.i live white a constan blown mind

Restem

You are a very creative person.I appreciate your video.Carry on sir
Thank a lot.

  ·  7 years ago Reveal Comment

Damn, I got some TRX when it was on 0.20 usd and im still holding when today ti reached 0.03. Anyway. I bought it for long term, so I do not worry at all.

HODL=LAMBO questions?

Oh, I would also recommend reading or watching Allan Watts lectures to pretty much anyone. Great stuff.

Ya bagus sekali .

Terimakasih atas pengalam yang anda berikan .
Kini saya sudah mulai mengerti .

Post yang hebat .

Congrats on the move. Wales seems so peaceful a nice. I hope your adjustment to the city goes well.

Forgot about "crash".

I'm just writing introduction post and chilling.

Passively I save FIAT and wait for an even bigger dip.

Lovin the outdoor ambience! I just bought some more BTC, and I'll be HODL'ing with all of you true value investors

Great to hear you're (also) still positive about the future. Lets just use this dip as an opportunity to buy at lower prices.

I'm not selling anything, it's too late to try to short coins anyway. I put some money into alts, I hope tell recover well. I'm expecting the recovery to be long, not a huge incline.

I think its great to post our views, and good to enjoy doing so. I feel your comments are always honourable, and much enjoyed.

  ·  7 years ago (edited)

I think that you are an authentic & consistent voice in a sea of "pump and dump merchants" which is why I value what you have to say. We have undoubtedly been in a bubble and are now probably in a melt down but the arguments for buying and holding for the long term, given the disruptive nature of block-chain technologies and ecosystems remain.