The May HODL Challenge - Week 3
This was the week right?
This was the week everyone was looking forward to...It was Consensus 2018!
And the Consenses Bull Run was going to happen! It had to. All these brilliant minds together in NYC, discussing blockchain tech and crypto currencies...And not to mention, every year previous during the Consensus meetings the bull run was there...
We were going to make a killing this week! 💰💰💰
(via CoinMarketCap.com)
Well that didn't happen.....Yet?
I'm no crypto genius and I have the technical analysis ability of a toad but one thing I have learned in my short time in crypto....Never THINK something is a sure bet.
Markets go up and they go down, that's the guarantee....And this week we saw Bitcoin go down about 10% from last week.
So our $100 in fiat is now worth $91.49 worth of BTC.
Down from $102.52 we lost $11.03 over the past 7 days in fiat worth of our 0.011 BTC.
And guess what?
I'm FINE with that lol
I know lots of people say they are ok with markets going up and down, but if you have the approach of a long term holding strategy and acquiring coins REGARDLESS of what they are worth today...The ride is a lot easier 😀
The Consensus 2018 meetings may not have triggered the bull run we all expected (yet) but just take a look around at all the positive news when it comes to the blockchain and crypto in general...
Massive moves by Coinbase this week, Wall Street's increasing moves into the blockchain sector, news and rumblings about big mergers and acquisitions....
I'm STILL bullish for bitcoin and the entire crypto landscape. And just think...We're only in May!
So much has happened already in 2018 that is setting the world up for more and more mass adoption of crypto, I think we are in the perfect position for the long term....
You just need to HODL baby!!!!
Duck poop? LOL
It could turn in to a bull duck...Cross fingers :)
ha ha ha ha ha here's hoping!
We Need Those December '17 pumps to come along again haha
Oh man....That would be brilliant. lol Lambo livin' for sure then. LOL Thanks for stopping by man, appreciate it always!
Is there an "exponentially bullish" approach? If it is, than I take it (you know the warning: don't take my advice!). Seems a lot of important movements (otherwise bullish) were and are made at the cover of FUD, or whatever this is, with the price drops during the Consensus.
Yeah loads of great news still the markets are trending down. I have no idea why and to be honest, don't pay it much mind...I got into an argument with my friend on Twitter about it today....He pointed out the massive swings in BTC price...I told him, the only number that matters to me is 21 million.
I'm not at all worried. It's true, the market could use more capitalization and liquidity, to prevent such wild movements, but we'll get there...
Agreed :)
This market is becoming more and more unpredictable as time goes on. I was actually happy for the dip yesterday so that I could stock up on some more Steem at a bargain. But I am hoping for a bull run to come soon. We're long overdue, that's for sure!
You have no idea how hard it's been for me to stay on budget LOL Every time I see these dips, I wanna buy more and more...But you are right, unpredictable is exactly what the crypto markets are...Good news usually means sell offs, and bad news means pumps lol
I'm with you. Want to keep buying the dips but need to eat and drink too... lol!
LOL Right? It's so tempting...When STEEM went down a month or so ago to $1.50 I had to splurge a little though ;)
Yeah, so much for the 'experts' and their predictions! However, BTC is still above what it was a month ago. Yes, we are 'down' this week, but what will the 30 day result be? Time for more popcorn, the ride is still exciting!
Yeah you said it best last night in our talk....At the end of the month, I think we're up! At least I hope so LOL Imagine.....2 months of WINNING a HODL challenge lol
Two months up? My goodness man, what are you saying? The people in the BicoinBully Telegram/Discord/Zoom might expect us to do it EVERY month at that point! LOL
Telegram / Discord / Zoom lolol man we are in a lot of 'chats' lol
Great post, I'm no crypto expert but I am a Pro Hodler lol, I've been reading some crypto analytics and from what some of the guys are saying they are expecting a bull run in June, I'm not sure how...? but they study charts and graphs and look at the previous year's performance etc, I'd like to think we will see a bit of a run in June but at the same time I won't be disappointed if it doesn't happen, the lower it stay's for now the cheaper I can get in lol.
Yeah that's exactly it for me too....If it doesn't sky rocket, or it crashes....I'm more worried about the price in 3 years from now.
The volatility of these digital assets necessitates holding. Emotions in trading these can lead to double digit loss. HDOL!
Agreed. HODL for the long run is my game plan.
Well it seems what ever coins you two decide for your monthly picks, go down. Its like everyone should watch your picks and not buy any for that month ! LOl kidding. It should turn around by the end of the month
Hey hey STEEM did great lol
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