Post
Topic
Board Speculation
Merits 1 from 1 user
Re: 2018 Cryptocurrency Crash (Elliott Wave)
by
drays
on 05/02/2018, 19:02:40 UTC
⭐ Merited by Enjel (1)
I'm a greedy pseudo-investor. I believe that right now we are just a bump in the early-adoption part of the graph, since crypto is still very small.
You aren't. At least not in my terms. You see the big picture and want to invest in something new and promising, to see it grow, and to take your benefit from this growth. That makes you a genuine investor, not a pseudo one (even if you are greedy Smiley)

I'm worried, but am I going to sell or get "shaken out"? No. Better to work on other things while this bear market plays out. 2 years later, and maybe I'll open my wallet and find that Bitcoin is 100k.
Touche. That's exactly what I am doing now. Stopped selling at 10k. There is a lot of things to keep myself busy, until BTC finds its way up. No need to watch those graphs all the time. One BTC = 1 BTC. Alts vs BTC is something more interesting (to me at least).

Sorry if my statements above had been offensive to you. They actually refer to the latest $-oriented investors. I have seen them a lot here locally - they don't understand anything about BTC, they don't believe in BTC being the future money, most of them are sure it is a scam/ponzi/whatever and most importantly, they don't even care if it is. They are only thinking of this as a way to make some quick $$ - buy, then dump at the peak just before the 'bubble burst'. I was referring to those people. BTC needs to shake them out, and this is the point of this correction.

@DroidR17A: +1
If one is not professional trader like the OP (who can make educated assumptions and make a lot of money during this kind of market), its better to just Keep Calm and HODL.