There is a lot of despair in this sub and in the other BTC ones. This comes mainly because a lot of people came for quick profit.You know how much time on average it took for us older crypto guys to make profits? Usually from investment to big profit it took an average of one year. That's when you lock in the 50x and 100x.The second thing is that a lot of people came in January and all they know is sorrow. If all you know is sorrow then you sell at a loss and go home. Sad but the sharks eat your money because you are not strong.Also there is this tendency to ultra-believe in either Twitter cryptostars who in general either 1) don't know what they are talking about but put cool images or 2) they know perfectly but they tell you the opposite to either buy your bags or dump them on you.Lastly, even if there is some evidence of TA analysis making some profits (although I am a proponent of fundamental Buffet style analysis and investment and don't pay attention to signals etc) these are used by either 1) automated traded AIs or 2) very experienced fund managers or traders from wall street. But you and me are none of that.So the best thing you can do is invest in good projects and not panic sell. I can assure you that altcoins dropped from 1 to 0.3 and then went to 3 units from May 2017 to Dec 2017. This is a 10X since despair moments.All the news and analysis is that cryptocurrency is here to stay. A lot of prominent people have talked favorable, a lot of governments are paying attention, many of them don't want to over regulate. Regulation is not a bad thing and it's silly to sell whenever you see some new regulation article. Regulation protects us from scams. Only when the market is regulated then the big institutional money will come in. They don't go to trade in a bazaar they go to trade in Sotheby's.I suggest that if you don't believe in crypto and you are just here to make quick bucks that you are in for a big surprise and big losses. If on the other hand you are here because you believe in technology, 2018 and 2019 are going to be phenomenal years.Seriously, do you think your money is better either in:cash (-2% inflation devaluation) annually or crypto?Stock market (which is in a huge bubble area) or crypto?Don't get emotional. This is a long term game.
Submitted May 29, 2018 at 02:01PM
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