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RE: Why We Should HODL and Ignore the FUD Designed to Scare Us into Handing Over Our Cryptos to Institutions
You might just miss the
Best ride you could have without
Taking your clothes off.
- sandwichbill
I'm a bot. I detect haiku.
I've been waitng for the price to take off... but I can't wait forever. Dead money is dead money.
On the charts, I see an inverse head and shoulders pattern and the high volume impulsive move of the last week or so has broken the neckline at about 6,8k and tested the long-term 7,7k upper trendline once, before retracing. In the short-term, It may be that we will see a continuation of the impulsive move, now that the overbought conditions are easing off, or the price may fall back to the neckline at about 6,8k, which is now support, before retesting 7,7k. If we break through 7,7k, then we should see a price break-out. If not, then we may stay be stuck with sideways movement for a while. (that's my opinion in the short-term, based on the probabilities of technical analysis)
However, in the long-term I'm very bullish (opinion), because of the institutional money coming into the market (fact, not opinion as somebody suggested in this comments section) and the likely approval of a Bitcoin ETF sooner, or later. You won't have to wait forever. Happy trading.
Easy for you to say. Do you have thousands and thousands invested? I certainly didn't buy at the top of the market but I'm even down. It's easy to be optimistic when you're just a bystander but when you've got an arm and a leg on the chopping block you tend to be a bit more cynical.
Well, I’m by no means a bystander, but I’m very optimistic about the long-term future of Bitcoin and a few others with a utility case for the reasons mentioned in my blog and this post. I have realised that I should ignore the FUD, because, when I read between the lines, I see things very differently. We also seem to be on the brink of a positive regulatory framework. HODL rather than sell because of the FUD is what I’m saying in this post, but I have a policy of not offering financial advice, so I can’t tell you what the best course of action would be for you. That depends on your own financial considerations. Good luck, I’d love to see you make a ton of money out of all this.
https://coinnewstelegraph.com/u-s-congress-strikes-positive-tone-on-cryptocurrency-in-latest-hearing/
Since end of 2017 I've put all my money in and even sold everything I have and am continuing to invest in crypto and holding because it's all or nothing for me and I believe it will go up huge sooner or later.
Yes, the direct evidence of institutional money coming into the crypto market will be a game changer, then you’ll be able to live in that hotel with room service and ride the maid that cleans your room.
Yippee!
Only invest what you can afford to lose. I've put in a lot but at least I have a stock brokerage account as backup.