A lot of new investors plunged their resources into a trend hoping to enjoy monster growth and huge profits.
A brief Background
Cryptocurrencies (Bitcoin, ripple) is a newer form of investment, a digitalised currency,which as of the present date, is yet to fail as a store of value and wealth generation. It is no suprise that due to this fact that investors are racing in their numbers to jump on board the ongoing bull trend.
It is important to note that bitcoin was never intended to gain the picture of the best investment of a life time. The original idea of its creator which goes by the name satoshi Nakamoto was to provide the world with a means of payment . This payment uniquely needs no interference from any bank or government.
The enormous explosion in the value of the asset, reaching new all time high @$20,000 made asset impressive despite bad press and government regulations.
After asset gained media attention alot of investors came on board to enjoy the trend. Many threw caution to wind as the sought to profit from the monster growth and huge possibilities.
Most recently crypto currencies have experienced massive decline. The market has seen one the largest corrections due the FUD going on around the world this has led to new investors acting up fearfully and has led to the dip in valuation. However we cannot blame this new investors as they have experienced massive losses.
THE BRIGHT SIDE
The going looks tough right now, it is not pretty. But all market veterans have proven over decades, that patient investors who accumulate at such discounted prices or simply maintain their holdings always come out on top. Enjou more returns
image source behaviouralgab
New new investors YOU DON'T LOSE UNTIL YOU SELL.
HODL: Wait on your holdings let it pass through the fire PROFITS is ahead of you use your Foresight.
PANIC SELL: If you decide to Panic sell you still lose either ways.
Forget about the people telling you, that you should have sold at prior all time high (ATH).
To sell at prior all time high would be absolutely insane considering the infancy and long term prospects of this market.
If you believe in the tech you invested in, buckle up and wait because you cannot judge a specific crypto for falling in value as the whole market is replicating the same.
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This post has received gratitude of 3.92 % from @appreciator thanks to: @willywealth.
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Haha. The problem of everyone new to crypto. They want to get rich and they want to get rich NOW.
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exactly the problem
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Lol
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HODL!!!! We are going to the moon.
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I haven’t sold anything I’ve bought since July. I probably underinvested, because I don’t feel the same panic some of my other friends do. Of course there was the urge to “buy all the crypto” in December, I really had to talk myself down and only buy what I was comfortable losing. The best thing I found is to delete Blockfolio off my phone. I just hated refreshing it. I promised myself I would hold , there is no point in checking all the time 😂
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i get the feeling refreshing blockfolio lol
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Well written article, the decline of all crypto is already causing panic for many who are new in the crypto. But for those core investors who knows how the crypto business operates, this is the right time to buy more. Upped.
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Yea bro. Be veteran hold up
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