Today was for sure the toughest day for bitcoin holders since I started investing on crypto. Because of these, I just wanted to share with you this tweet from John McAfee:
https://twitter.com/officialmcafee/status/960589832853643264
- officialmcafee
Looking at this we can understand that even when this has been the hardest fall for bitcoin in the last couple of years, it's been quite normal to see bitcoin reach high prices just before the end of the year just to see a hard pullback in the first few weeks of the new year. And then again, after those few weeks it has been it's usual behavior to rally back up to it's previous levels (and sometimes even higher. Way higher).
If you got into bitcoin just to speculate and make a quick return and bought at near ATH price, I can understand why are you selling (if you didn't already). But if you came here because you believe in the possibilities that BTC and all of the other altcoins mean for real economic freedom and because of the technology, sell only if you think you will be able to buy again at a lower price. If that's not the case is just time to be calm and hold your investments. You'll only lose if you sell.
And then, when you sell and watch in a few months the price go higher than ever, you'll buy again just to sell again when it goes down, taking you into a vicious circle of failed investments.
This is the time to trust your judgement and keep the same strategy. This is the time to be patient. This is the time to hold.
