Prices, Prices, Prices, Bear Market, Bear Market ….. etc .... etc .... !

Every one is speaking about the bear market, that prices are plunging, that Bitcoin is dead (lol), Ethereum is failing, Steem price being under a dollar…

Well I say FUCK prices, FUCK prices and FUCK prices….

Excuse my French, but that is the reality, except if you are a professional trader, or taken a loan or mortgaged your house to buy crypto during the rally of 2017.

(Always be exposed as far as your pocket can take it. )

I am in Crypto for it being global, secure, decentralised, unsensorable.

For projects like Steemit, 0x, Bitcoin, Eth, Decentraland, etc… Every project that delivers, has a community and its developers care about the grand vision of Crypto, I support it.

Benjamin Graham the father of value investing and Warren Buffett’s mentor, said “In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

All the price fluctuations are illusions and cannot be predicted even by the most professional traders without loss. Even worse prices can be manipulated in such a young market like Crypto.
I don’t say hodl, hold everything and at all costs. No. I just want to strengthen our phycology and see clearly the situation.

“And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful” – Warren Buffett, 2004 Annual Shareholder Letter.

The above means in simple words, that one should buy when others are panic selling or at least hold his position and vice versa.

But it is easier said than done…. You don’t blindly buy or hold anything in life…
That is why one should always do extensive and vigorous research, not only about projects but of the overall market sentiment and critically judge for himself or herself, which project(s) get his support or otherwise.

There are traders, investors and simple people that just want to be part of the Crypto journey. Each one has different needs, wants and most importantly interests.

So no, the the world of Crypto is not tumbling down, on the contrary many projects are progressing, delivering, growing!

Stay safe, don’t lose heart and keep waking the Crypto path.

( P.S. Dollar cost averaging is an overall good strategy, in my opinion, at this time if someone has spare income.)