Post
Topic
Board Speculation
Re: The whole market is experiencing slump in last few days.
by
andrei56
on 08/06/2018, 21:04:12 UTC
The market is not positive and since the beginning of may , the price of major cryptocurrency has been fallen and not all that stable. It may take some time for it reach it true price.
it's really important that we all have to stay patient waiting for the market back up again as before, because in this month same month last month the market experienced an unimaginable decline. but with the time is not long certainly the market will be back in the original

a couple of things here that you should not confuse with each other.
first one is that you should confuse "patience" that people keep repeating these days with "bag holding". for the past couple of months what has been happening among newcomers was that they bought a lot of different altcoins because the social media was telling them how good they are and now they are being lulled into having "patience" where in fact they are bag holding and losing money  every day.

second is what you called "original" doesn't mean anything. a certain price that happened before doesn't have to be the real value and coins certainly don't have to go back there anymore. in fact a lot of the altcoins will never go back up let alone going back up to their ATH in a bubble.
This is the reason the strategy to hold your coins should only be applied to the best altcoins and it could be argued the only coin that should be held for the long term no matter what is bitcoin, this is something that a person learns after a few weeks and months in the market if that person takes the time to learn about how things work around here, but if they do not they will make the mistake of holding useless coins.