Watching people who don't understand crypto share articles every month or so about it "crashing" is hilarious.
The markets are volatile, that means it goes up and down regularly, there are a variety of theories for this, the one I like the best these are new technologies and currencies that have not yet found stability because of so many users coming in and out of the system.
That means things are risky right now, which means that there is plenty of money to be made or lost depending on when you buy and sell.
If the market is down, to the point where people say its crashing no one who has crypto actually loses anything unless they decide to sell when the market is low.
Most people who celebrate it crashing every other week are mostly just people who are salty that they aren't involved or don't understand it.
I have never technically made or lost anything in crypto because I have never cashed anything out, since I am sure that it will be more beneficial to do that down the line.
It is also important to remember that it takes 6 whole months of low prices on the NYSE for them to call it a "recession," but just a few days of low crypto prices for them to call it a "crash."
Most people who have been watching this stuff for years are totally prepared for these massive dips. Every single time there is a massive price spike we sit around waiting for the dip. It's nothing to freak out over. Unless you took a second mortgage out on your house or something, you probably shouldn't do that.
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you probably shouldn't invest any money in crypto that you can't afford to have completely disappear. We know these are not real crashes, when there is a real market crash with this sort of asset the price does not really go to zero, the exchanges simply close.
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Wow! nice post.. Thanks for giving the news.. I like your post very much.. Keep it up.. Stay blessed be happy.. Thank you.. @johurul720
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Humm,I like something in this post,"NYSE wait for six months to declare recession".But cryptomanians can't even wait for few days.Am optimistic that it will pick up again.I can't make same mistake I made before.Never!!!
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This nice post thanks for sharing cryptocurrecy news..
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The rapid losses intensify people’s perception of crash. You do have to get used to it. Upvoted
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they should get used to it also :-P lol
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People who have a lot of guts can't stand the fear because they don't really understand the cryptocurrency.
So they panic.
Your beard is very personal.
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Zionist propaganda so they can buy in and become top share holder. By Zionist I mean Palestine’s Hebrew terrorist squad that owns all reserve banking.
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I truley like the point you made about "no one who has crypto actually loses anything unless they decide to sell when the market is low." Some normie friends of mine got in at $18,000.00 & are on total freak mode...it's halarious! Hodl till you're in the black & just chill folks. L.O.L. Getting in at the top & selling the dip is the normie way. I hope they hang in there & don't loose out.
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Every. Damn. Dip...
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Thanks for sharing this post..i appreciate your post,,
i like bitcoin.
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Exactly! Weak hands and FUD is never a good combination. If someone doesn't understand the technology of the coin that they are investing in, they should get out of crypto RIGHT AWAY. To quote a Redditor that goes by the name Sendmybar:
Just keep calm, and HODL. We're in this for the long run, not for short-term "Lambo/Moon" gains.
Furthermore, the SEC has good news for cryptocurrency traders - they support cryptocurrencies! Feel free to check out the article that I wrote about it here:
https://steemit.com/bitcoin/@stevensteel/the-dip-is-almost-over-sec-chairman-s-positive-stance-on-cryptocurrencies-revealed-in-written-testimony-before-tomorrow-s-joint
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