I like the Baron Rothschild quote you referenced, but I like Warren Buffets better; "Be fearful when others are greedy. Be greedy when others are fearful." I find it very hard though to buy when prices are crashing and low. For some reason it feels so much more reassuring or better when things are moving up.
The fundamentals of crypto were thrown out the window when prices began to plummet. I know a few people who sold their BTC so they could buy a different crypto that would crash as well. Hodling is about more than just patience.
I think this is SUPER well written and explained. I think that a lot of folks got into crypto recently that were used to trading in traditional stock markets. They are treating the crypto markets like the stock markets and afraid of any dramatic movements. In traditional stock markets, a dramatic downwards turn can take years to recover from for that company. In crypto, that downwards turn AND recovery can theoretically happen in a span of a day. I don't think that is understood at all by the folks looking for an easy buck but not doing the research to understand what they are buying. It is also unfortunate that the major news outlets talk about crypto on their financial shows ALL THE TIME but have NO idea what they are saying and are always, essentially, fear mongering. Eventually that can even get to a hodler and shake their nerves a bit. It is the unfortunate reality of the world we live in, but it is called a revolution for a reason!
The Bitcoin mantra.....Buy the dip HODL! Buy the dip HODL! Buy the dip HODL!
If your not sure what to do with your Bitcoin just refer to the mantra. LOL
I like the Baron Rothschild quote you referenced, but I like Warren Buffets better; "Be fearful when others are greedy. Be greedy when others are fearful." I find it very hard though to buy when prices are crashing and low. For some reason it feels so much more reassuring or better when things are moving up.
this is a great article
Like everything that flows through my mind
if you are buying bitcoin
you should know that you are investing in a revolution
you must be aware that you are buying a future
of course you will want to make a profit
So keep dollars on the sidelines
because you have to buy it cheap to make a profit
this last fall was a great opportunity
I hope you bought some more from the future.
The fundamentals of crypto were thrown out the window when prices began to plummet. I know a few people who sold their BTC so they could buy a different crypto that would crash as well. Hodling is about more than just patience.
Thanks for remembering people not to go crazy for what’s happening right now !
Yes, is something that nobody expected, but this is not the first time and is not going to be the last time; is part of the market.
Let’s chill a little bit people and look in how to get something out of this weird experience !
Great article
HODL HODL HODL. And BTFD. That is the way to a better future. Paper hands deserve to get rekt.
I think this is SUPER well written and explained. I think that a lot of folks got into crypto recently that were used to trading in traditional stock markets. They are treating the crypto markets like the stock markets and afraid of any dramatic movements. In traditional stock markets, a dramatic downwards turn can take years to recover from for that company. In crypto, that downwards turn AND recovery can theoretically happen in a span of a day. I don't think that is understood at all by the folks looking for an easy buck but not doing the research to understand what they are buying. It is also unfortunate that the major news outlets talk about crypto on their financial shows ALL THE TIME but have NO idea what they are saying and are always, essentially, fear mongering. Eventually that can even get to a hodler and shake their nerves a bit. It is the unfortunate reality of the world we live in, but it is called a revolution for a reason!
This is the time when diversification can really take the pressure off, bitcoin maximalism was never the goal.