Friends, the market capitalization suffers from huge losses, do you think the "Great Depression" of cryptocurrency will last for a long time? Will you do something until the end of the year, or you wait for growth the next year staying with your portfolios on hold?
The current market doesn't changed my approach on my hold coins. Continue to hold until the end. We are already used to a large bearish trend so why give up today? If you are on the purpose of accumulation then just do it if you have a chance.
Like I always said, people just have to
"TRUST THE PROCESS". Don't rushed things. Soon everyone's target price will be reached.
That is a mindset that has made a lot of people get wealthier over the years even with the market still in a shape of a downtrend like this. As long as you trust in the process like you said, you understand the potential of what you have in your wallet and the need to hold for as long as it starts becoming usable in the real world, you really will not have any issue when it comes to holding and even trying to accumulate the dip to be able to increase your stash now for the long run. Patience is all that it takes for any investor that really wants to end up getting the best from this market in the long run.
Friends, the market capitalization suffers from huge losses, do you think the "Great Depression" of cryptocurrency will last for a long time? Will you do something until the end of the year, or you wait for growth the next year staying with your portfolios on hold?
There's one thought that the price will go as low as $3000, but the opposing side says it won't go that deep. So what does it mean? It means that no one can really say where the price could be at the end of the year. Maybe we can see the bears market took longer than expected, or news such as Bitcoin ETF approval or the BAKKT Bitcoin futures offering will be enough catalyst to get out of this market conditions. So for me its better to go for the long term, shorting bitcoin or any crypto is very risky as this point. Its better to HODL and accumulate and wait for the bulls to regain the market early 2019.
Now that Bakkt has been postponed, I will not doubt seeing that happening. The major support I am really looking out for right now is the $3k support and this is the one I am really hoping as much as possible we will get to see a good bounce with volume from here. However, it is the market, surprises can happen we might think something and get to see another, but in most cases, as long as the market presently is low and lower than $10k, it is just a best time to be accumulating as much as you can. Who does not like a good bargain except for those who do not understand the long term potential of what they want to buy?
