Something funny:
Here at Steemit, I'm pleased to say that almost all the commenters on the crypto bear market have recommended HODLing. They've made posts to give us perspective and keep our spirits up during this harsh crypto-winter.
Only one poster I've read was poking a stick at HODL:
"Bitcoin Price Is PLUMMETING!!! What Is Going ON?!?!." Considering that there's a near-unanimous consensus for HODLing, @skyefox 's post was so un-normal he might have posted it just to be contrarian.
After today's rout on the stock market, I've read several articles on what went on. When I got to Bloomberg's feed and read through several articles after the lead:
https://www.bloomberg.com/news/articles/2018-02-04/asia-stocks-brace-for-selloff-bond-rout-deepens-markets-wrap
I gasped a bit in surprise. The articles in the feed were full of advice from professional money managers to HODL stocks. They didn't use the term of course, but in their terms they were saying HODL.
In a thread filled with experienced investors on a different forum, I saw much the same thing: it's a correction; what goes up must come down; it's not half as bad as some past spills; and so on.
Both in the stock market and crypto, the grizzled oldbies are giving out the same advice: don't panic, HODL. Some, but by no means all, are saying buy the dip. All of them, except for an outlier here and there, are saying: "don't sell."
Howzabout that?
Agree on your funny hinten comment 👍🏼
i also believe you should HODL unless you are skilled enough to multiply bitcoins/altcoins shorting
im not scared of this dumps at all for now
Agreev100% , and upvote My hodlers friendly-like minded 👍🏼
Hodlers need experimentera snd strong nerve . I Agree With you. Just hodl :)
I agree With My hodler-like-minded friends 👍🏼
HODLING IS WAY OF LIVE :)
Agree and upvote My strong hodlers like minded friends 👍🏼
Its probably, from the Republican tax cut.Plus you have the Fed increasing rates.But I recommend every one hodl.
Good perspective! Both the NASDAQ and crypto have survived routs, and have gone on to new highs.
If that relationship holds up, it's too late to sell! So we might as well HODL anyway.
@nxtblg have you watch nasdaq and dow jones the last few hours? worse dump since the financial crisis.
Only in points terms. Percent-wise, it's not as bad.
This is not crypto, so 5.8% for few hours that's alot, and the way it have dumped, it's more likely it will continue the downside.
I've been wondering about that. Suffice to say, I would not buy stocks outside of a long-beaten-down sector like oils or minerals.
Dow Jones is even worse with 10%
Where's the rest of the chart?
You can view it on tradingview.com
Nor am I: if anything, I'm getting my stubborn up. :)
Interestingly, STEEM is in a mild bull market in satoshi terms - as shown by the orange line:
In satoshi terms, EOS is still in a definite bull market:
Only Bitshares looks iffy:
and its floor might hold.
I think it's better to hold for those who already have BTC and for those who are willing to buy BTC. I recommend you people to not to buy because it's falling at a tremendous rate and it could crash as well.
Right now is the best time to not only #HODL but to also inject as much #fiat as you can afford to into the market. The time is now and this fire sale is not going to last forever. In fact, check this out for some perspective on where we currently are in comparison to historical trends of the #crypto market...
This happens every year as described in an original Twitter post by John McAfee
I'm a little leery of buying more as of now, but I'll be an eager monthly buyer if this bear market grinds on.
Understandable. You should do what is comfortable for you. As we all hear all the time "you shouldn't invest more than you are willing to lose". Plus, with the way the #crypto market operates, it doesn't take a ton of money to make a ton more. Good luck my friend!
Thanks!
I believe it's a good time to shop the dip, and hold on open positions.
Agree on buying the dip... But, it is hard to gauge when the dip becomes a tumble. And, as for some of the "puppies" that bought at the highs, I hope they are not turned off forever to this hyper-volatility. We are only in the beginning of the financial revolution.
I think that there was a lot of new investors that got in at a high range. When it was very volatile they decided that it was not for them and started selling.
In the old Wall Street days, they were called "puppies": a downturn was called "shaking out the puppies."
There were more unflattering names, too.
So true