Summary: Holding innovative fintech long-term returns HUGE gains. Panic selling week-by-week is a disaster.
The value of our cryptoportfolio is down by over 42,000 USD within the last 48 hours.
Here is where we were on 14 Jan 2017 with our holdings sitting at over 100K in value.
Today, this crypto portoflio is now worth 67,000+ USD!
When my wife and I tried our hand at day trading, we learned that most of the folks that won at the stock market were long-term holders. Day trading was hard because it was stressful unless you were a very sophisticated at trading and a master of automated tools. Longer-term holders seemed to make out all the time, because the stocks (especially from solid companies) usually went back up over time. The over all stock market always goes up over time.
I think cryptocurrency is the same way. If you hold long-term, you can make out well. Emotionally, you have to weather the storm and know that time is on our side. HODL.
I agree that hodl is the way to go. I think everything will go back up before long.
HODLING 😕😕
i hold long-term yes i can make out well
thank you brother
dman ..
Great observation @brucebrownftw. And good of you to share.
Highly rEsteemed!
Keep Holding!
lmao good one. My favorite movie.