Morning All Steemers
So recently I have been writing alot on PANIC and what alot of people have done during these tough times at the beggining of the week in the crypto world. Panic is created because people do not want to lose money.... of course we don't want to lose money but i bet some people still sold at a loss .... reason being rather 'cut my losses now than if it drops more' - people would have said.....
IT WILL RECOVER.. dont panic....
If anyone has ever invested in stocks and shares before this crypto world was even around they would have experienced a fluctuation of prices, maybe not as volatile as these cryptocurrencies but there would have always been speculation. The big players trading with millions of dollars in this world now will TAKE your money when you panic sell, they have been doing it for ages already in stocks and shares and will continue to do it here... how do you safeguard this... DON'T PANIC !!!!!!! just sit on your currency until you can sell at profit or break even if you are worried.
People are not confident in the growth of these currencies - WHY ??? they are here to stay as I have posted about before. Simple convenience is why they will never go away .... I don't want transfers to take 3-4 days at 7% ...I want it done NOW. So even if i have to go and buy so many coins at 4c for the amount i want to transfer - I will. send it to my friend then they can turn it into money again ..... simple.
More and more people are buying into this way of life of being in control of your own money and sending it where you want when you want for less charges. I don't understand why people wouldn't want that.????
So buy now and go crazy buying because it is going to run. when it drops again ... DONT SELL because it will drop - no doubt about that and then it will rise again always growing in value..... just go through all your currencies on your trading platform and have a look at the graphs from 1 year ago on every currency and even if it is by 2cents it has still grown ... you will see a trend .... follow that trend to help you realise when the currency is going to run and research why it dropped... probably because some big player bought a $100 000 stake in a currency at 9c and when it ran to 23c - he cashed out therefore creating panic and everyone sells.... someone like that would have made $150 000 PROFIT of a trade like that in only 3 days ..... i know this becauase i was part of that trade - obviously with alot less money but i still bought and sold at those prices........ If you think im lying have a look at the graph NXT currency not so long ago about 3 weeks....
DO NOT PANIC SELL guys think long term 6 months+ ... actually even forget about them and go back in a year and then sell at whatever the price and i'm pretty sure you would have made money.
Please note this is just my opinion, I am not an advisor but i have seen many a friend lose money to panic and really want to help anyone else out to prevent it happening to you.