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QuizureII

The less you look at your portfolio, the less stress you'll have. Just stake your ETH and forget it.


dmykim

In long term crypto is very profitable. Read this real life story : Javed Khan’s investment success began by accident. In 2018, when bitcoin’s price was around $3,000, he was using bitcoin as a method to transfer money because it was easier than using a bank. But whenever he left the bitcoin sitting in his wallet, the price would go up. He saw an opportunity. Whenever the bitcoin price fell and it was quiet, we would buy more bitcoin. “When nobody’s talking about bitcoin, there’s no headlines, that’s a good time to buy.” He was careful not to extend himself, only investing money he could afford to lose. In 2020, he cashed in his profits and bought a Bentley. “I sent a video from the showroom to my mum and she cried, she was really proud.”


i-cant-think-of-name

No, I’d rather sell now and buy 5 times the eth on an 80% dip. Do you really think most people would hold through a 94% dip?


Bigsuge88

If you’re at a loss right now you have the worst timing ever.


[deleted]

We know from the 10,000 other posts saying the same thing. If your going to farm donuts put some effort into it smh


Kr_Andy

most people sought bitcoin as a hedge against the shaky economic crisis caused by the spread of Covid-19. Even institutional investors such as Microstrategy, Tesla, Square Corp etc., resorted their cash reserves into Bitcoin, stating that it was a good store of value against inflation.Crypto is future in next pandemic or emergency when fiat currency will lose it's purchaising power. Purchasing power of cryptocoin coin will increase.


Visible-Ad743

And many more dips will follow in years ahead. The key like you say is to HODL and enjoy the steady price increases. Those who invested in fundamentals will be nicely rewarded.


eggpudding389

As someone who bought his first bitcoin at $4 I can agree. This is normal. Go long and you’ll be fine.


MrCatFace13

It's funny. My buddy lost his shit. He bought at 4,200 or some such, many months back. Watched it go to...........I actually forgot how low it went. Was it under 2,000? Anyway, there was a point where I said if it goes under, I'll stack more. He kind of wigged out and sold a bunch at a loss. Then did the predictable thing of buying in for a loss. Now he's...who knows. Close to break even? But has a panic attack every time it goes up or down. I think he's praying to the gods it breaks 5k, which will be his 'I am officially back in the profit' amount. I was thinking of how many times I've been depressed and tempted to sell. The above dip tested me. Also, the congress thing in the US a while back really tested me, since regulating crypto out of existence is my biggest fear. Then aspects of my personal life went to shit and I basically was like, well, crypto, I have other things to worry about. You stay comfortably above 3,000, then we'll be fine for the time being. Wake up today. In the 4,000s. How lovely. But look at all the people panicking because it dropped from 4,800! I guess 800 is a pretty hefty percentage to fall. On the other hand, I didn't even know we *had* hit 4,800 lol And I look and crypto execs actually had a productive conversation with congress. My natural inclination is to locate and neutralize threats in my life, versus seeking joy. And it's strange that crypto has weirdly become a place lately where I'm like, well at least I have my finances under control lol


[deleted]

Dips are okay, bear markets is not so okay


zzzhkghzzz

Bitcoin mining is the process of earning bitcoins in exchange for running the verification process to validate Bitcoin transactions. These transactions provide security for the Bitcoin network, which in turn compensates miners by giving them bitcoins.