Hey, did you hear the one about the crypto market crashing and how you should be taking profits immediately?
How about the one about Vitalik Buterin totally being dead? Or, why you shouldn't buy Bitcoin when it is floundering below $200 a few years back and it is all gloom and doom.
Is there an opposite to FOMO? Because we sure are there.
With prices continuing to go down on the current big two, ETH and BTC, It's FUD season again. And, grab your umbrellas because we are experiencing a severe accumulation of negativity towards crypto and a 100% chance of misinformation.
Look, I'm not a soothsayer, nor am I a day trader or even a Vitalik Buterin. But, in four years in crypto I do know one incontrovertible fact for me to date.
I have exceedingly regretted times where I have not held my coins.
Timing the market is amazing when you can do it. But sucks so much when you can't. I don't have the heart for it.
Oh, or that time I just spent my ETC because it was worthless. Or that time I just forgot about Litecoin and had a few on an old computer I destroyed. I'm sure I don't have to say this to veterans of crypto, but infinitely worse than being in a bear market is losing your coins.
...but
... everyone is saying this bear market is ridiculous and I want to lock in my profits. I want to sell!!!!!
Great! It's your money. Do just that.
But, just give the decision the due diligence it deserves and think long term. Don't base your decision emotionally on what you are reading on Steemit from trending. Take the time to read the positions of bulls and bears and make your most educated decision possible. Crypto, just like any endeavor of skill, will probably favor those that have the most experience and have put in the most time preparing to win.
So how am I planning to win?
Grabbing a pint at the Winchester and hodling until this whole thing just blows over.