Yesterday we saw one of the largest drips of this month, with a 30%+ dip for most cryptocurrencies. Luckily for us, the dip didn't last long as people started buying up cryptos again.
We have a while page of green, unlike yesterday that we were in the red.
Yesterday I was talking about fundamentals:
in this video. And I believe this is still the key.There will be more hard times like this in the future, and I hope everyone can take some time this holiday to read up!
hodl... now you're rich.
Hey boxmining,
Nice work sir
This is why we buy the dips. If you bought any crypto yesterday, then you are feeling pretty good today. Expect plenty of volatility in this market...it's still young.
Thanks for sharing.
Nothing like a good dip to cleanse the weak hands :)
This has been a stressful week. I'm selling a small position as I readjust and figure out which way things are going.
Totally makes sense! Great post. I am in for the long game. Thanks and I will share with my friends that are freaking out!
today was an all green day after yesterday shocker, the markets looks good all the way
I got in recently in the world of blockchain, and this is what I have been telling my friends who also are interested in this new revolution. Sure, right now, we can make some profits by trading, but this only focuses on the price of coins. There is a much bigger opportunity here. We are witnessing the creation of probably the most sophisticated social, economical and political system EVER. The system is already complex but try complaining to the people who will start entering it few years from now. They will claim that we got it easy, because the system was still relatively simple to comprehend. They would not be wrong. This system will exponentially grow in size and complexity. You think reading a white paper now is hard? Try in 5 years ;-)
We need to start imposing some control over the short-term desire for rewards, and dedicate some time to actually getting the philosophy of each coin. The more time passes, the more noise will enter the sphere in the form of information. The longer one waits, the more reading and filtering one has to do in order to isolate the philosophy/principles of a coin. Believe me, I am no saint. Every day I say to myself "I should read the white paper I downloaded last night...." and then my twitter says "buy ***! It is about to shoot!!!". Then the primal in me takes over and I see nothing but numbers, instead of the future.
If we fail to comprehend the philosophy of crypto, our early entry advantage will begin gradually to disappear. This reminds me of an old story. I had an early entry on the internet back in 1994. I remember that most people didn't know how to use it and i was a big user. But never really cared to learn the technology. Then it wasn't long before two of my friends invited me to do my first geopages site using html. I was like "oh no! I hear this html is really hard. I will stick to clicking on things in my Netscape". So, I never jumped on that. Then around 2002 I got on the web development train. It was already too full! I felt I was overwhelmed. Too many things to learn too quickly. I am not saying that it was impossible for me to become profitable in the web development business in 2002, but it was 10 times harder than it would have been 7 years earlier.
So, get on these white paper and start thinking. The market will stabilize in 2 years and these big profits will be gone. By that time the action will be in knowing and feeling the system.
Now, I got to go read my white paper, but before that, let me check twitter for some trading tips ;-)
Readjustments happen quite a lot,it is not surprising bitcoin got one. However people say it could go as high as 50k early next year. Keep calm and Hodl on XD
I believe Bitcoin will hit 25000$ before 2018 but on the other hand,a bullish market for Altcoins.
Bof, bof,....
Olur bence
@boxmining I saw yesterday's dive as a huge opportunity to invest! Christmas gift for us, cheap crypto available! Everybody was talking about bubbles... Did everyone forget what BTC's price was last year? It has a great future ahead.
It was a healthy correction. But the rebound was fairly quick and almost back to where it began.it will drop again then rise to new highs
Cryptocurrency is now dominant in the market.
M very happy to see all in green..otherwise my heart beat is getting to saw red
Great post man very informative post thanks....
Thanks for sharing @boxmining
Simple investment strategy: choose cryptos you believe in long term and when they drop 20-30% get in, obviously that takes great patience but it will be rewarded.
I like your post,,your post is very good, how can you get an idea like this?