[Steem talk] HODL or bail?

in #steem5 years ago (edited)

Let's talk about withdraw symptoms today. It's not an average Joe understand how badly we get addicted to crypto world.


Source from Pixabay

I'd take a look at myself, I'm exactly the same like a drug addict that does not admit I am addicted to crypto world where I store rock hard cryptos in their respective wallet. Crypto has slowly becoming our religion without realizing how bad it could damage our financial health.

Take a look at btc/steem until yesterday what had happened?

idyx1wa127.jpg
Screenshot of BTC/USD from @coingecko, borrowed from @bitrocker2020

So here we go. When we look at it from crypto to crypto, you'll understand the crisis we're facing in #steem is very serious. BTC is rallying up whilst our #steem is going the opposite way.

![39xxkxlzkw.png](

idyx1wa127.jpg
Here's another screenshot taken from @coingeckp

See what I mean? It doesn't really matter where the current market value stands for,we tend to #hodl regardless. Some of the well known hodler special phrases

  1. Let's hodl through this rough time and be prosperous when we're on the moon.
  2. No we're not there yet, it's only 20k at this point. I think we can rock a little harder and catapult us to the moon.

Don't you think these phrases familiar? If a crypto investor didn't say this to you, you yourself probably thought of it. Just a little longer and we will be million dollar richer.

7q5xcatqkp.png

The last time I saw this was several months ago where I closed a deal between two friends. One of them bought it and the other sold it. As an intermediary, I felt so bad that I did not hodl that portion but sold it to the buyer. But now, when I look at it again, it's not much difference compare to that time. At one point the value did rallied up, and now everything seems back to normal.

Had I started powering down back then, I would be looking at 0.40value and hope to fetch some money out. The truth is, 14 weeks later, which is today everything back to normal. Haha.

So once again. The withdrawal symptoms is real in crypto land. It's not like the social terms of withdrawal, it is withdrawing crypto for fiat. There's no best time to withdraw or invest. One can really get into a super bad position and bought a #shit coin, but the guy who is in profit does not mean they gain anything.

In general cryotobworld, #hodl is real, #bail is fail. Who wants to sell their steem at current price for fiat, I may wanna buy some. But if you're talking about bail at crypto level from one crypto to another, well it really makes my heart broken. I have some BTS, I have YOYOW, and all of them screw me bad. Added now with bunch of loose change coins from #steem-engine, I find myself not enough room to stuff my tag. Guess which condenser I bailed this time?

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天天整英语,看不懂啊!

中文早就转去 @dailyke20 了🤣

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hold nia lo 😂

Don't stop hodling 🤣

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I think if you bail you either a noob, need the money or you're hella impatient. Try investing your shit fiat money in stocks and see if it's going to make you any returns like this can, go ahead lol. If people have weak hands, by all means, go ahead but remember I'll be the one wrecking you when you FOMO and buy-in at ATH and I'm dumping my bags like an absolute gentleman lol and then buying it back later

I look at my portfolio in Satoshi value and as long as I keep getting more of that than I had before I am totally fine

Correct. But still, there will be a point I liquidate some for fiat. In the end, they're just a financial trading assets.

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