Crypto crash...all it means that kids are now short on cash..oh and crypto

in #crypto7 years ago

Guys,

If you are not a seasoned investor, you probably freaked out this morning and sol your crypto because you are simply afraid "you are going to lose it all". First let me start by saying, the only money you should invest in Crypto is money you are willing to lose it all. What is currently happening is FUD and I'm pretty sure you have seen this term on social media before. Fear uncertainty and Doubt! All what you guys are doing is giving your coins to other smarter investors for cheap. Those investors BTFD, they buy when everyone is running away and selling, how do you think real money is made.

To be fair there is always a possibility that buying the DIP can basically be trying to catch a falling knife, but most of the time what falls bounces back unless it was a hopeless case company that was going out of business.

TO keep it short, look away and check back next week...if you have money and ballz, Average down and buy more. I personally bought 500 bucks worth of crypto 5 minutes ago, I'm new to crypto(fairly one year) but I've been trading stocks and options for 7 years and I know a thing or two about investment.