A Glance at Bitcoin - Why I'm Still Stacking Sats
An example of the possibilities I see for $BTC over the next 6 months...
Another red day for Bitcoin and Alts... This is where things get interesting.
This market is great at shaking out the fearful and rewarding the strong hands. More volatility to the downside is scaring away those not used to the volatility, and giving the dedicated accumulators a chance to buy more crypto for less.
Here's a great example, if you type "Bitcoin" into google and look at the news tab, you'll see nothing but negative news about the crypto market.
"The market has lost billions"
"Bitcoin to $2.8k"
"Bear market not over"
But, even if these things are true, why are you letting it scare you out of the market? You're really letting emotion get the best of you now? After you've gone through all the ups and downs of this market?
This isn't financial advise, but before you consider panic selling, start thinking about why you got into this market into the first place.
I personally got into the market when I felt comfortable with the combination of risk and opportunity in this market. I will continue to invest into it through the ups and downs.
Dear @cryptomeeks
I kind of believe, that weak hands are already gone. most of them at least. Those who are still on board (since last crash almost 2 years ago) should be considered "strong hands" alreay.
Currently I would see most of selling pressure coming from Chinese investors, who struggle a lot since their authorities are becoming increasingly hostile towards crypto.
ps.
I'm not sure if we can trust graphs any more in current days - especially knowing that central banks can print more money anytime they want and pump it all into markets, causing wave of demand.
Or they can absolutely destroy this demand and increase supply by announcing new level of interest rates.
Yours
Piotr
"I kind of believe, that weak hands are already gone. most of them at least. Those who are still on board (since last crash almost 2 years ago) should be considered "strong hands" alreay."
You must remember that the weak hands that got out, got back in around $10-13k and are already in the red.
"I'm not sure if we can trust graphs any more in current days - especially knowing that central banks can print more money anytime they want and pump it all into markets, causing wave of demand."
I think any manipulation or foul play will show itself on the charts. Price action tells all.
Thanks for the engagement!
Good morning @cryptomeeks
Would you mind if I take few minutes of your time? (I hope I'm not asking this question to often ;)
Anyway .... together with few core members of project.hope team - we'te trying to promote our recent publication: an article explaining economy behind our non-profit community project build on STEEM blockchain.
Perhaps I could ask you to spare few minutes and check it out and share your feedback with me.
I would absolutely appreciate it a lot. I read all comments and I drop solid upvote on each valuable one.
Link: https://steemit.com/hive-175254/@project.hope/3-ways-of-joining-our-efforts-project-hope-economy-explained
Yours, Piotr
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