True grit is what it takes to just HODL. Frankly, I just simply hold. I am not holding on for dear life, the price has nothing to do with my life.
Most of what I have is not in red ink as of yet and some will never get there. There is an old saying.
It is not a loss until you sell and lock it in.
I took on a load of inflating hard cash when we were all riding high. I have enough to go a year without thinking of crypto - if I watch how I spend it (key). Now I am letting my crypto go where it will, in dollar terms, and selling is not an option.
I stop in to read and vote, take time buying more and more on LeoDEX, and count my returns. What I have not done recently is to post on Leo. Sorry folks, it has been a couple weeks. I should write something. Most of my posts are on my positions, trading ideas, and purchases. I am not buying or selling except for some accumulation of tokens inside LeoDEX as I said.
Gains or losses? I have not tallied them lately and I will not likely do so. I know, in my head, where I stand on my major holdings. I bought into Hive at eleven cents, so it needs to drop by two thirds before I am down to even money. I was selling Doge above forty cents. I held it when it was a hundredth of a penny, and I will continue to hold it now. Monero would need to go down to forty dollars before I pick up the red pen, so nothing to worry about there.
These prices are just a manipulation tactic by a very worried Federal Reserve. They have been printing full speed for many decades and the day of reckoning has come. Like a rat being squeezed by a snake, it plays dead as long as it can in hopes of being released, then when consciousness begins to fade, it kicks like a mother trucker.
Some say that futures are being kicked around by the billionaires so as to drop the price in order to get in low. They cannot get in. They will be holding their dollars to zero. In total, there are only about five hundred billion dollars worth of bitcoin in existence right now. Even if it were all for sale, and even at today's prices, only ten mediocre billionaires could get out of their dollars and put it into bitcoin.
The fact is that holders like me do not sell their bitcoin stash when it is worth half of what it was just months ago. We are fearless. Early miners have not moved their coins in over ten years. Those are not for sale either. How many have been lost?
Look, if I could, I would buy fifty thousand dollars worth of Leo or POB right now. The fact is that I cannot do that. it has taken months to get a few thousand of each. When I buy too much, the price spikes. I am over paying if I continue. The same goes for bitcoin. When they start panic buying, the price will go up.
If they are hammering the price down, they are losing dollars doing it. They can recoup some of those dollars by buying some low-price bitcoin, yes. But, how much can they get as it goes back up? I am watching with interest. As with silver, you cannot collect the physical listed on your contract. The same goes for paper bitcoins.
Grit your teeth. Pull out of exchanges. Stash your private keys. The dollar is flammable - crypto is not.
