Market crash
I'm glad I've converted yesterday another 0.1 btc to fiat at 14k price :)
The market seems to be getting a really big hit today but if you look at this date on previous years it doesn't look that much different:
Altough there is the usual fud about South Korea and china banning stuff mostly mining and then pull back, an exchange named Cryptopia which is having problems and may crash, coinmarketcap took out the Koreans exchanges off there list, major exchanges not accepting new users because of too much traffic, USA IRS enforces taxes on cryptos that you've earn and hold, all crypto visa cards were disabled and the list goes on..
I really think this is a hugh correction before the 2018 take off just arround the corner on February .
HODL! or buy more if you can :)
Cryptomaniac out
Bitcoin fell underneath $12000, so I completely understand that you are feeling uncertain although however it is only a loss if you sell at a loss. I am a hodler and holding my cryptocurrency. So if you have sold your crypto at a loss, put yourself together, emotionally take the loss and rebuy right now. If you are holding and suffering from FUD put yourself together and rebuy. I am pretty sure that you think that I have lost my mind because, I am doing the exact opposite of what the market is indicating “the downward trend” but, these are the moments that I am doing my groceries at cryptoland. The market will recover it always does, crashes are happening often in the relatively young volatile emerging crypto market so this is the moment to make huge future gains.
It's a curious pattern that it always dip that much in this time of the year...
Hmm I am curious if you will be happy if it would come backk (and even double) up... :D
BTC is the anchor in crpto ! HODL .. or 'power up' BTC instead !
It will bounce back
It will go back up soon... Last year, the whose who of the Bitcoin world met at Richard Branson's private island.... They hyped and pumped it up with massive circulation between friends. Right before Christmas, they cashed out and celebrated. The little people held up the price for a bit expecting it to go even higher in the short term and lost with BTC down below $10,000 today (next few hours). Suspect they are waiting for the price to fall to a target price and will start again bringing it up over $20,000 -
$25,000 soon. Holding and considering buying more while waiting to see how low it will go. Greed cycle will commence again soon.
Back up a $1000 in minutes over $11,000 :-D $25,000 for the next peak!
Thanks for the post! It will encourage us to hold and stay in faith. Upvoted this post!
I recommend buy more. In all of this, this is still the best time to buy.
everything coming down from new years eve hangover finally? o-:
Yeah almost wish I would have set stop losses and then bought back in at the lowwwwws, but HODL for sure bc everything is going to go bananas here soon.... also what was your BTC to fiat strategy that you used, if you wouldn't mind sharing ??