as of 2008 I’ve put ALL my investments into physical metals. Half in gold and silver and the other half in lead and brass....
Bitcoin will eventually find a stable price level and will stop these wild swings. I suspect that stable price will be significantly higher than today’s levels. If you bought it at a much lower price than today’s, just leave it alone.
I say your link that runs through google, the data harvesting king, sucks.
Direct version
https://www.coindesk.com/bitcoin-decline-deepens-worst-week-since-february
I only had a $250 investment. It turned into $470 and then I saw the inner tube popping out the side of one of my rear tractor tire that had cracked and split so I pulled $300 out of crypto to buy tires. That left me with $170 which is now $120.
Pulled the $300 when things were at a high and two days after I pulled it, crypto started it's drop. Dumb luck/good timing. Sucks to see it drop but I'm hodling and hoping to buy more in this dip.
Always hodl if you can and buy more in the dips.
And imho, your chosen asset doesn't matter all that much because they all peg right along with Bitcoin. Just pick a solid project that will be around in 6 months or 6 years.
Here's 90 days with Bitcoin in orange and an alt coin in blue. Alt coin is at $1.10 while BTC is $49,163.00 but they trend the same basically.
My prediction is you and other NOB traders will keep buying all the way down to zero.
All the cool kids say HODL.... Because it sounds so much more cool.
The old saying is, “never catch a falling knife.”
Bttt
When I first posted this I was criticized for taking “financial advice” from a political website.
When the crypto market started to plummet I did not sell and waited for the bounce back rather than sell at a loss. When the bounce back happened I sold off about HALF my crypto for a nice profit now I am looking to buy back in now that the price is half of what I sold for.
What say you ?
Rd later.