Hello everyone,
So as you can see the Bitcoin started to go in a sideways trend with a bit of descent actually
You know what I think ?
The graph will keep this trend and decrease a little more until the Segwit2X will be activated
Close to August everyone scared and full of FUD will get their money out of crypto with every time Bitcoin will pump a bit trying to minimize the losses .
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So you are now invested with a large part of your money in bitcoin and altcoins and already on a loss, and you start to panic sell ,
I can tell you just one thing , DO NOT FOLLOW THE CROWD !
Act smart, as Warren Buffet said "Rule No. 1 : Never lose money. Rule No. 2 : Never forget Rule No. 1."
You know when you will actually loose money ?
WHEN YOU SELL ON A LOSS
Let me tell that again for you just to stick this in your head,
ONLY WHEN YOU SELL ON A LOSS, YOU LOOSE MONEY !!!
So, guys, what can you do to resist this itching urge to sell and minimize the loss ? Or to stop this stressful and unclear situation of what will happend with bitcoin ?
Go close your coinmarketcap.com site, your blockfolio, your coincap.io site and forget about your investments until all of this calms down , just check once every 2 - 3 days to make sure where the market is standing .
Don't invest anymore fiat in crypto until you think the bitcoin reached the bottom low, and from that point will start to rise to new heights, just to make sure you buy it when it is very cheap, to maximize your profits
If you really need to move your money into crypto, invest in a good ICO, as you saw there are a couple of good ones currently ongoin, so maybe when it will start trading you will see a 2x or 3x depending on the demand ( this can be one of the few methods you can obtain some profits with this bear market )
Choose to sell all, because you don't really belive bitcoin has any true value or potential, so you go change to fiat and leave this volatile market, in the end your loss is not that big and you can handle it
My opinion guys is that you should HODL on, if you understand the potential the crypto space has, you will never sell because your loss today can become a 10x or 100x profit in a year from now,
DISCLAIMER : The post has been prepared solely for informational purposes, and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security, product, service or investment. The opinions expressed in this post do not constitute investment advice and independent advice should be sought where appropriate
Resteem and follow guys !
I wish you to have a great week !