This week was a turbulent one, with a lot of commotion regarding the airdrops and the news regarding the closure of the nova exchange later next year. Luckily we have a strong team and the moderators responded accordingly, combined with the support of the community we showed everyone how strong the deep onion community really is.
Yesterday was the airdrop with the new rules and many people were not satisfied with the amount of free onions they received and we noticed that many started to sell their free onions they got from the airdrop. You have probably noticed that the price per deep onion went down to around 0.64 USD per onion as a result of this. Like some of the members in this group, you might feel like you should sell your (airdrop) deep onion coins now, but remember: If you sell now, you are selling low and you will be buying high in the future knowing that the price of deep onions will be way higher on both short and long term.
Just look at the alt coin market in general. Many of them are in red right now and probably will be due to the bitcoin fork of mid November, so if you invested in alt coins you are really way beyond the point of where you should have sold high. I know how you're feeling, because of the money I have invested, I invested around 95% in altcoins as well. I am feeling sweaty hands, just like you but HOLDING is the best option right now. Do not get caught up in fear that you will loose your money because this is just the beginning of the cryptocurrency world! Selling your deep onions or alt coins in general when the price is low, is the worst thing you can do. Now is the time to invest more, now when the price is low. Many regret that they sold their bitcoins when they were low and say they would have been rich now if they hold their bitcoins, with the price of the bitcoin at an all-time high. Do not make the same mistake again with your onions or alt coins.
When you feel down about your altcoins, remember the great bull run they have had in the recent months, and how high the process of deep onions is. Instead of succumbing to the Fear, uncertainty and doubt (FUD) during this crucial moment, realize that this is the moment you should be holding. Right when it is down at it's lowest, and everybody feels despair and is ready to give up, is when the big profits are made. Buying in at such lows is what makes millionaires and this is no exaggeration! If you invest a couple thousand dollars in Deep Onions now, you can and will be wealthy in a couple years from now!
With the excruciating long time that this current altcoin dip is taking, the prices are really repressed. Practically all the weak hands are being shaken out, and all that will be left are hodlers who were not going to sell at these levels anyway, or they would have. The longer this takes, the more repressed the prices get, the more explosive the return to median should be in my opinion.
You do not want to be caught selling at the absolute low-point: Murphy's Law will make the trend reverse the minute after you have done it, like you have probably experienced after the huge dip after we got the message of the closure of the Novaexchange last week. Sit back, try to relax, stick to the plan and just HODL. Nothing you can do now anyway. It is two more weeks of hodling strong, it looks like and just a couple months before deep onions reach the 10 dollar mark.
HODL and drink cocktails:emoji_cocktail: on the beach of Hawaii with me and other members of this community in a couple years from now or keep telling everyone that you sold your onions when they were only 64 cents because you were greedy.... See you in Hawaii??