RE: Why you shouldn't be worried about these dips and why I'm buying
The smart traders are the ones that buy the dips, always leave aside some extra $ or Bitcoin to get the altcoins they are going to hold longterm cheap during times like these. They know that nothing is going to stop these, even if South Korea were to actually ban trading cryptocurrencies it will be a matter of time until another country picks them up and becomes the next place where most of the trading happens as we saw with Japan when China started regulating crypto trading and ICO's more.
Exactly!!. The best thing to do is to buy the dips now. If you can't buy then Hodl cus you'll be happy you did later.
I believe the crypto market is still in its infancy stage and will grow bigger than this hence more returns and profits (for the investors).
There's no reason to panic and sell now. Don't do that as you'll only become a weak hand and sell to those that have been praying for you to sell. In a short time, prices will go up again..
Thanks @acidyo for this post. It came at the right time and I'm grateful.
I wish I had more fiat to buy with cause I'd be chomping away at these sales!
I invest more into now, thank you for your info. and keep up the good work.
I’m not worried about it I’m gonna go shopping while everything is low this is the chance to get some of the expensive coins. 😝
"There's no reason to panic and sell now. Don't do that as you'll only become a weak hand and sell to those that have been praying for you to sell."
So true. They are praying for you to give them money from Heaven
One of the big problems is with a highly speculative market, there ARE many people who NEED regular profits to survive.
They can not afford to have large paper losses then take out their 'salary' from a much reduced holding. So they sell, taking a small loss, fearing worse - which does come, but doesn't hurt anybody who doesn't book the loss.
Keep taking small 'stop loss' losses and soon you will have nothing to invest at all. Or have to make 500-1000% returns to recoup. Those returns aren't there. Just plenty of wild swings engineered for the most part by manipulators who capitalise on fact-driven movements (like fears of a Korean crackdown) to pull the bottom out of the market and buy up cheap. Pump then dump again
Easier said than done but you have to hang in there. Crypto has been there before and come back even stronger
When the market manipulators want your bitcoins in a dive there is only one answer
FANTASTIC POST............................................
Great post
Doesn't matter how much market goes down. You are not in loss until you sell your crypto.
Therefore Just Hold It.
This is not true. And its a big mistake to ignore. Ego and overconfidence are the main features of loosers in the global financial markets. You should proove you ego and be more respektful to the market.
The market is always correct - nothing else. The marcet makes the prices and this is the main feature. There are more than 3000 coins meanwhile in the market. And nobody knows which coin will survive the selection porcess of the future. Propably only 3 or 5 coins - evenutally 6-12 coins, but not more from my point of view. This means that 99 percent of all coins propably will be worthless.
What do you think will happen, of there is an Amazoncoin or a facebook coin in future?
Difficult to say what then happens to the other cryptos in the meanwhile. I don´t like the overvalued comanies like Amazon or facebook and its censorship - but they are very big and has enough financial power to restructure the complete coin marcet.
Do your own due dilligence. And note: It makes not sense, what you or me are thinking. In the markets people acting which are able to press a button and to sell some millions within a second and so on.
Good luck. This is casino money at present. Monopoly - it can bee a winner game or a looser game. Future will tell us more...
https://steemit.com/crypto/@trainingbrah/xby-wants-to-go-up