What will be painful then sustaining in this Crypto Bear Market ?

in #bitcoin6 years ago (edited)

Hey Guys,

We may be going through a lot of loss, depression, anxiety, aggression because of this bear market and the reason could also be like

  1. You are down may be 100K, some millions in your portfolio
  2. You could have taken the profit in Last decemeber, Jan to pay off your loans that you have taken for Crypto investment
  3. You could have bough at ATH and could be down by 80%

But, I will focus on why you should HODL in this bear market and why you should not listen to FUDsters,

  1. Bitcoin has died more than 200 times and whenever people say it is dead - that is when it is bouncing and interestingly, BTC did not need much time to beat its ATH, its hardly a matter of few weeks it takes down its ATH. See the table below,

  2. Hope, you have invested in the technology not on the Price. People who invested and held during 1990 and 2000 tech market, whoever believed , understood the technology, they made a fortune - Returns like 1000X; If you have this understanding, hope you would not regret irrespective of whatever scenario I have mentioned above.

  3. Bitcoin/ Blockchain is going to be the future, the adoption will grow slowly, everyone knows that - We will not go back to use our dollar bills to buy things and we are not going to use our credit/debit cards to buy either; Its all going to be crypto - Thats the future

  4. Institutional investors are coming into this platform, see the news link below, all are saying that platform is being built to pave the way for Institution money to flow in,

https://blog.coinbase.com/announcing-coinbase-index-fund-3925fbf548db
https://www.nytimes.com/2018/05/02/technology/bitcoin-goldman-sachs.html
https://bitcoinmagazine.com/articles/facebook-reverses-cryptocurrency-ad-ban-amidst-rumors-coinbase-acquisition/

  1. I have seen it myself, whenever people said, its dead, that is the time when it is bouncing , so if you are scared and planning to sell - dont do it now though you are down by 90%- Its not the right time; See the chart below, it does not have more room to go down but has a lot of room to go up.

So HODL on guys..BE PATIENT

Good luck.