Topic: SPRING AFTER THE WINTER (Read 163 times)

For me it's very normal as we put our self on a high risk investment. Bitcoin is too volatile and alts as well, it's a minor correction remember few years back when bitcoin is worth a cents and nobody wants to buy bitcoin that time and now it's on mainstream media we should have hodl them or else you'll regret.

But the problem is that there are a lot of newbies in the ecosystem who joined specially during the December peak. So they are all enthusiastic and saying that bitcoin will go to the moon specially when institutional investors CBoE and CME started offering bitcoin future contracts. Sadly though those who FOMO got easily burned the following months. And even if we call them not to panic, they get out cut their losses by selling because they are carried away by FUD, but who can blame them?

And yeah, as this market situation, there's only 2 choices for us, either to HODL forgot about the price and came back after six month or at the end of the year, or trade and take advantage of the wild price swing and take margin (even small) of profits. Personally, it you want no headaches you might as well bought in dip and stack more bitcoin and let it just sit in your hardware wallet for as long as you can.

While I'm reading Tony Robbins' great book Unshakeable, I decided to go to coinmarketcap and check the graphs. I noticed that there is another correction and when I went to this forum, I see posts about negative things in bitcoin. Well let me tell you something -- a part in the book that I'm reading.

"In 2009, blue chip companies' stocks went to pennies on the dollar. Citigroup sank to a low of 97 cents a share from $57 a share. You can literally own a piece of the company for less than it cost you to take money out of an ATM. But here's a kicker: winter is always followed by springtime, and sometimes the seasons turn much quicker than you'd ever guess. This 97-cent stick shot to $5 within five months, giving investors a 500% return."

All I can say is that when the market is very depressed, negativity from news, forums, discussions may arise. People really pulls out their investments as a reaction to its very low price but let me tell you this: Big time investors like Warren Buffet, treats bear market as an OPPORTUNITY. They buy while the market is in its very low value, equipping themselves for the future. Winter will always be followed by spring, market will always be reversed irregardless of how long the bear market will last. Imagine if you pull out all of your cryptocurrencies and the market soon skyrocketed, you will miss LOT OF THINGS.

HODL my brothers, winter is here. Are you the one who's stuck outside, freezing in the bitter cold? Or do you want to be the one who's wrapped up warmly by the fire, toasting marshmallows?

But that's not the point. Either HOLD or trade. It is your choice. But panic selling is not good. Withdrawing your funds because of what your emotions are telling you is not good. You must remain calm and be unshakeable. Don't be carried away by the pundit's news about bitcoin.

these two are contradictory!
taking advantage of a bear market and seeing it as an opportunity means you either continuously short bitcoin while it is dropping or you do pull out at the start of the market (not near the end obviously) and then wait for the bottom to buy as much bitcoin as you can.
HODL means missing opportunities that this market is now offering you.

HODL is only for those who don't want to trade or at times when you can't predict the market.

these two are contradictory!
taking advantage of a bear market and seeing it as an opportunity means you either continuously short bitcoin while it is dropping or you do pull out at the start of the market (not near the end obviously) and then wait for the bottom to buy as much bitcoin as you can.
HODL means missing opportunities that this market is now offering you.

HODL is only for those who don't want to trade or at times when you can't predict the market.

Big time investors like Warren Buffet, treats bear market as an OPPORTUNITY. They buy while the market is in its very low value, equipping themselves for the future.
HODL my brothers, winter is here.