Hi HODLers,
Most of the time when I see Crypto Twitter and "experts", I feel like screaming.
It seems that most people forget about these assholes shouting Bitcoin is dead when we drop 40% and "Bitcoin is going to 1bn$" when we are in a bull market.
My only EVER financial advice will be the title of this post. The most successful investors I know, especially in cryptocurrencies; have this in mind.
If you are new to this world (new meaning you have been in crypto in the past for less than 2 years), then you might have or learn this the hard way. Most people who have been in this market during the 2017-2018 period remember the lesson we learned back then.
We continued accumulating cryptocurrencies and airdrop for the future "bull market" but as this one unfolded, I can assure you that 90% of these investors have set some stablecoins / cashed out some FIAT gains and everything going forward that is invested; they can afford to lose it.
Therefore if these experienced investors are doing this, shouldn't you pay attention?
Not to mention that even in the stock market, smart money and insiders are kind of net seller at the moment. I am talking about Bezos, Musk, etc...
More in this article: Big Tech CEOs are selling their stock at a record pace
Despite that we claim being different, when stocks go down, we go down. When rate will go up, we will go down (as stocks).
Crypto is risk-on and goes up with cheap borrowing and blue sky scenario. When shit hit the fan, don't expect anything to hold apart from Bitcoin and maybe Ethereum in the long run.
Cash out some, don't FOMO, don't leverage, DYOR and then you will sleep well at night :D.
This is my 2hives and I wish you a great day !
Stay safe out there, it is still the WildWdest.
