@OldBastard
DON'T PANIC!! OMG! Across the board every major cryptocurrency is down in price, not just in the last 24 hours, but in the last 7 days as well! What should we do? Sell everything now, before we lose all our money? Unless you're a heavily leveraged day trader, (in which case you brought this on yourself!), all selling right now will do is ensure that you lose money, both the actual amount you'll lose now, and the potential gains you would have received once crypto inevitably reverses course and starts climbing in value again. Remember boys and girls: we invest in crypto for the long term. So stop worrying about its day-to-day price. Here are some YouTube videos that will put all this into its proper perspective, and do a much better job of explaining what is going on, and why you should not panic, than I could do. Crypto JUST Crashed: How To Double Your Money - https://www.youtube.com/watch?v=4XQyuE1cA_M $2.5 Billion in Net Losses for Bitcoin Today - https://www.youtube.com/watch?v=IwJwbqG55pw Bitcoin Crashes 50%! Am I Still Bullish? - https://www.youtube.com/watch?v=MgXEjHZUTUc Finally, here's a video that's negative on Bitcoin for the short term, but positive for the long term: Bitcoin Heading to $20,000, More Damage to Come Says Expert Technical Analyst - https://www.youtube.com/watch?v=FGp9T8YxCe0 . (Note that this video is based on technical analysis, which I think is a bunch of bunk. Max Keiser says it best when he calls it, "Astrology for men.")
9 comments
Well as I am nicely invested with the money I made last year.... I will take a step back and let it crab sideways for a while....like bitcoinbaby always says: what goes down will go up again...the question is will you be around to witness it (not you personally of course, that would be a bit harsh)
Oh no, that's more-or-less what my Dad told me during the stock market crash of 2008. You'll do fine, if you live long enough. He was right!
Well good to know that it´s not just baby BS
Because they haven't had their minds corrupted by advertising and propaganda and the daily pains of living, sometimes babies have the clearest insight.
That might actually make sense ;)
OMG, something I wrote makes sense? Well, you know what they say about giving an infinite number of monkeys an infinite amount of time to pound away on typewriters. Eventually one of them will produce something worth reading. I guess the same holds true for Old Bastards?
Keep pounding that keyboard you bastard 🐵 I am sure you can do it again
Yeah, if we all live long enough.
We are in dire straits as the market conditions deteriorate day by day. If you sell now, you will lose. So we should wait. Should not be hyper.