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RE: I Am Bullish On BTC And Why I Sold Some Of It Last Night: HINT: Think STEEM
I actually really liked reading this because I'm super new to the world of cryptoinvesting and I actually got nervous today and pulled all my money out of crypto. I'm going to be travelling all of next week and it's a confusing time for Bitcoin... 50% of people are saying Bitcoin is invincible and 50% are sure it's going to crash hard... as a new and nervous investor I think I'd prefer to wait a week and spend some quality time studying the different investment opportunities.
This article just seems really reasonable, and I appreciate the level-headedness.
I've made 25% clear profit on my investment, so I think I'll just enjoy that for a moment and see what happens.
HODL...hold on for dear life.
Crypto can be very volatile.....timing the market is tough.
I went to a crypto meeting tonight and BTC went up over $1,000 during those two hours.
Find good coins you believe in, put you money in, and ignore the noise. Do not fret 40% pullbacks, they are common in this arena.
What you're saying is absolutely correct... and I totally hear you... AND I've been holding through all sorts of volatile times... Firstly, I'm already out... so your advice, while heard is unfortunately too late... but secondly, BTC is in a crazy unpredictable space right now, and it's effect on the entire cryto market is unknown. It might continue to suck money away from alts, it might settle into a groove, it might collapse taking the alts with it. I just feel safer now, and I'll re-evaluate the market once I finish travelling and Futures will be a bit more of a known quantity.
What you're saying is ordinarily true, I'm just not super sure if these are ordinary times. (If this is the new ordinary then I'll have learnt a lesson - whichever way it plays it's all good).
Thank you for your reply though, I really appreciate it.