ITS A BLOOD BATH!
GET OUT NOW!
SELL! SELL! SELL!
I see a lot of this on Twitter.
Let me ask you one question.....Why did you get into Bitcoin/cryptocurrency?
I got in because I followed the market for a while and researched how it started and saw where it was heading. A year ago, Bitcoin was $646. Today as we endure this "collapse" it's valued at $2518. What does this tell you?
Well it's Bitcoin, but my alts are CRASHING!
It doesn't matter. It's the same thing. Go back and look at any of your coins from a year ago. You'll see the same thing. While I'm still new to this I can see that most of my coins are worth more than when I bought them. Yes, I've lost profit because I am holding my coins. My investments to this point consist of coins that seem to have solid technology and real world uses. My expectation is they'll continue to grow. And then I look at where I think the market will be a year from now...
Consider this: The next time you get gas or buy a cup of coffee, ask two people you meet if they know what Bitcoin is...My guess is that they'll say no. At least this is the answer I get, and I'm always asking people everywhere I go if they've heard of it. I've yet to have anyone say they have.
The bottom line is that this market, while it has grown exponentially this year, is only a small fraction of what it will be 1 year, 5 years, 10 years from now. My advice is to remain calm and keep buying in.
Good luck!