Hey everyone, Happy Thursday! Not too much happening in the Cryptocurrency World right now, some price consolidation and not much movement. With that being said, the good sign is that we are starting to form bullish patterns that should stimulate breakouts soon. Developements and other fundamental news will also help boost prices.
Keep in mind we are in a new Asset Class environment and prices are and will be volatile. This is why I stress the HODL position. I saw the below quote and thought it would be great to share:
"HODLing is a game of attrition. Those whose hands weaken leave the game with a slight profit or loss. Those who don't keep their HODLings secure & backed up leave the game with a 100% loss. Those who HODL hardest win their financial freedom."
Something to keep in mind as the pricing continues to rise this year, part of that reason is the inflationary reaction to the dollar dropping in Value and people loosing faith in stability. People are wanting to put "money" into assets that are showing greater value and use cases. As the Cryptocurrencies and Blockchain assets gain use cases in real world environments their true values will start to be realized.
Believe me when I say we have seen nothing yet!
HODL ON.