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RE: [dtube] Feeling Scared? Words of Encouragement for HODLers
Long term it is clear that crypto is going to be probably the biggest disruptive technology we have seen for a long long time. However i would personally caution against sustaining large losses. It is better to downsize a losing position, take a small loss, live to fight another day and reenter when market conditions are better. Somehow I do not think that we have seen the end of this bear market and it could get a lot worse before it begins to get better.
I hope so. It's been a pretty rough patch, but a lot of people wanted to get in at a low. Here's the low. The only problem with a low is the uncertainty of the future. There's a reason holding is rewarded.
Holding is definitely rewarded if you got in at the right price or if you are following a cost averaging methodology. We are definitely at a low but is it "the low" ? I am not so sure given the bear trend we have in place. I would not be surprised to see to see 6K USD or even 5K USD in the near future.