Im hodling too.. Mine are an investment on my future so I'm in for the long haul.. I'm not new per say, but I have only been in cryptos for over a year now so I have seen ups and downs before but this is by far the biggest drop I've been part of.. So I'm just gonna stop paying attention to the markets for a while.. LoL.. Hopefully they will go up by the end of the year..
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Yes up until now it has been dips during a bull run. This is the first time it's different. Very similar to 2013/2014. If so then good luck: if you survive the crypto winter that may happen, you have matured into a true veteran :)
If you look back to 2013/2014 and the period after, it took much longer than a year to recover fully. If the same happens this time I am not so sure we will be up by year's end! Truthfully I could see the whole market dying off until mid or late 2019 when the next halvening is coming up shortly after. I hope not of course, but honestly why knows? I'm ready for anything!
I have researched the 2013/2014 bear market and although I see similarities I dont feel it will last as long.. That bear market went up 10x in just one month and it was pretty much only bitcoin. This one has maybe gone up 7x from june to its peak in dec. over 6 months and its with over 1600 cryptos and bitcoin dominance is only around 40% now. I feel like there are a lot more people who are investing and belive in the market and we now have some use case coins so I have a hard time believing the bear market will last much longer than a year. I could be wrong ofcourse and an economic collapse could really fuck things up for cryptos but if that doesn't happen I think we will good 2 go by the end of the year.. like you said, so many people are asking me about cryptos now.. people are interested, they are just getting scared out of it with all this FUD.
Yes I agree the scale is off. Last bubble went much faster while this bubble was much more drawn out in comparison. But that worries me more than it soothes me: if the rise was more drawn out, shouldn't the decline be more drawn out as well?
I understand what you're saying about adoption and hype being different, but I can vividly remember the same emotions and market sentiment last time around. Sometimes I wonder if it plays a role at all, or whether it's all really just market cycles in graphs that are inevitable.
I certainly hope we will see a shorter crypto winter than last time though. My gut tells me you're right, that this time it's different. But really, my gut is the prime candidate to be fooled by the market, because that's what the market is best at: fooling us all.
If it were easy to beat the market, we'd all be rich.
That's why I hodl and don't worry about it. I can't win at 'their' game, so I'm not playing it. I have patience and years and years to spend patiently waiting - enough to be confident I can sit it out.