We saw a big move (down) in cryptocurrency this weekend. It is something that caught many off guard. According to the post of some, it really rattled newer people.
In this video I discuss how we should expect moves like this. It is a part of cryptocurrency and something we either accept, or leave. The market can make 10% or 20% moves very rapidly. For this reason, I tend to view things long term.
▶️ 3Speak
Yea the volatility was expected but I wonder how many people will still have diamond hands if that prediction of 60% drop occurs.
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That is a rough one but certainly not uncharacteristic for Bitcoin and crypto.
It will likely happen at some point.
Just keep stacking is my answer.
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It was a good chance to buy the dip!
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For those with the long term view, that is the case.
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This market will have many more like this one on the way up. DOGE is at the moment showing the way. Looking at its chart I realize my portfolio hasn't gotten parabolic yet.
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LOL that is true. Anyone holding things other than that have only had mild gains.
The bull run is far from over in my opinion. Too much going on right now.
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I mean it wouldn't be crypto if there wouldn't be any crazy swings, it's like complaining the weather is unpredictable :)
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LOL true on that.
Yet there were a bunch of people commenting about how they were feeling very down because of the pullback.
Newer people most likely.
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For this reason I have learned some lessons:
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3Speak down again, perhaps I'lll try again later. But I get the gist… one needs to ride that crypto wave! ;)
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They said it was up on their discord...as of an hour ago. I havent checked though.
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