The market wears people down. Most of the retailers in the market have been leaving crypto, for now. Last approximate 1.5 years a lot of hype was present and a lot of retailers joined the party for quick gains. Now that the market topped at the last all time high, and we have been in an accumulation range for a long period, most people looking for gold have given up. Or they have been liquidated.
Throughout the, brief, history of bitcoin (and cryptocurrency in general) there have been multiple periods like the one we are in now. Historically, these periods were followed by new jumps of the market to new highs.
If you are reading this, you haven’t given up. Or at least you shouldn’t. Be careful now with any trades you make. There are roughly three things you could do. Hodl and wait. Sell most, if not all, wait for a definitive bottom and buy in after confirmation. Or wait to buy in when upper resistance levels have cleared and the markets are in a bull run again.
All of the above, I believe, will yield you good gains in coming 6-18 months. Not something I can guarantee obviously. But look at adoption, growth, technology emerging in the crypto industry. There is no doubt for me it will be used more than ever in the future.
Stay calm. Be patient. Being here puts you in a favorable position in comparison with most.
I feel like I’ve just become numb to price movement at this point. I barely check prices and know that I’m not overinvested. Helps a lot with stress levels and mental health. Plan to just forget about it hope it grows in the future lol
It can seem scary but if you are thinking, the red candles shpuld be welcome. A time to accumulate. How many people in last bull were saying ‘I wish I’d bought in September’s similar. Now we have an extended time to buy relatively low (hopefully!).
If you are in it for the next 30 years, then minor dips mean nothing.
I sold my one winning stock for ₿ yesterday.
I might be doing it right.
I wonder how many will be left when the real crypto winter hits.
Lots of these posts today? What is going on here?
Lol i would never sell all and especially nothing in the current market sentiment. Just accumulate as usual. And cash out a little when ATHs break.
Edit: specified when I wouldn’t sell.
I’m still in and I’m still DCAing…
Not going to stop until the next bull run.
You could also sell and buy right back in for some tax loss harvesting.
Yes, it’s really hard to…..do nothing.
>If you are reading this, you haven’t given up.
I have no choices left.
2021 joiner here. Not only am I still in, I’m still up!
> You are still in cryptocurrency.
[“Cause I got no place else to go.”](https://m.youtube.com/watch?v=RfdTEc8V48o)
Most of us are here but when the market hibernates, we do too
This is the best time to buy your bag. Just do DCA, hold and stake.
Hopefully here for the long haul. Hopefully it doesn’t take another decade for mass adoption not exactly a spring chicken.
tl;dr market cycles
Better days are ahead!!
Just bought 1k MATIC. Heavily invested in MATIC, CRO and DOT. Trying to accumulate as much as I can.. I don’t know if I’ll be rich one day but I spend money on stupid shit so might as well see where it takes me in the future.
I’m here to stay. Crypto is amazing and have teach me so much. Lets all be rich together.
Of course I am, it’s still amazing
Whoop whoop.
I barely check the prices now,It’s when we’re up that im always checking
that down period really is healthy for potential long term gains
I’m here for the inevitable higher moon ratios
I ain’t fucking leaving!
Appreciate this perspective as a fairly new crypto investor!
Meh i’m just gonna hodl anyways
Sell most if not all, What are you smoking Op? Sell at a loss? Never
>you haven’t given up.
Rick Astley told me to never give up
Hodling on for dear life!
Did OP just tell me to sell low buy high? Heard that
I thought once you were in the only way out is in a body bag!
Can’t give up when you’re dead inside. Source: here since 2017
I mean, I got nowhere else to go. The Red in the charts is hard to look at, but hopefully it’ll go up soon
Keeping up with crypto is absolutely exhausting. Remember that it’s okay to take a break whenever you’re feeling burned out. Park your assets in cold storage and go outside to smell the flowers. Life is about more than just money and HODLing is a formidable strategy besides. If you really believe in crypto, it’ll only be more exciting when you come back.
No is our chance for those that entered in early 2021 the 2017 and 2018 buyers were our envy. Now we can be the envy of the new money coming at the next bull market. What you bought BTC at 38k (checks BTC price of 100k) whatttt you bought ETH at $2900 (checks ETH price of 10k).
Buy slowly and accumulate don’t blow your load early and stay steady. Patience is always rewarded
> wait for a definitive bottom and buy in after confirmation.
I chuckled.
Me and my half an eth and various shitcoins ain’t going anywhere.
Watching everyone struggle to stay positive and sane is honestly so funny to me. It’s the only reason I’m still in these crypto subs. Important info stopped coming ages ago. Now it’s just everyone losing their minds lmao
If you zoom out, you can clearly see there is plenty space left for more losses
I can’t read.