Two types of people in Crypto: 1. FOMO'd in during end of 2017 parabolic bull rush. 2. People who understand volatile markets and normal fluctuating movements.

in #cryptocurrency7 years ago

I have had an unprecedented amount of people reach out to me in the past few days due to the falling prices of crypto. The fundamental underlying idea of using cryptos as an investment tool is due to its volatility and extreme price swings. Everyone is a professional trader and investor when there is a bull market like the end of last year. LITERALLY 95% of the people that started talking to me about cryptos during that time have all told me they have pulled out all of their investments.
The people are of course the "weak hands". They came in by the hundreds of thousands and legitimately even invested through loans too which effectively blew up the entire market. What we see now is a cooling stage until the next time the masses decide that it is somehow a good investment again even though nothing changed. If you are HODLING then I would like to congratulate you for having balls of steel (or a labia of steel idk). In time this will be the tiniest blip in data before cryptos are the norm. Please for the love of god people, this is a long play do not come in this to become an overnight millionaire because all that is going to happen to you is that someone much smarter and more patient than you is going to basically rob you and you will cry and post about it. That in turn will effectively make the news media FUD every other hand in the market too.

PSA: NOTHING CAN STOP CRYPTOS. BE PATIENT. INVEST MORE AND MORE DURING DIPS AND NEVER LOOK BACK.

I made a video about this in case anyone would like to check it out

Sort:  

Congratulations @dmcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Do not miss the last post from @steemitboard:

Carnival Challenge - Collect badge and win 5 STEEM
Vote for @Steemitboard as a witness and get one more award and increased upvotes!

Congratulations @dmcrypto! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!