Looking at the present state of the market, it could be very disheartening. But one thing is certain is that blockchain technology has come to change our society. And Crytocurrency which runs on the blockchain will continue to wax stronger and stronger, stay above fear. Life surely goes on with or without the enemies of crypto.
Yeah, and when i look at the present state of my portfolio its the same, very disheartening. And right, life goes on. i still love crypto even though i lost alot of capital in this market.
You will make it back, believe me. BTC will remain in the downtrend for a couple months, but eventually it's going to bounce back and reach for the stars
Every single asset has its bull and bear markets, you just don't see it that often in the stock market, because the sentiment changes once every 5 years, sometimes you have to wait much longer. In crypto everything happens much faster and you usually are in another cycle every 2 years. For instance the whole 2013 was a bull market, 2014 and 15 were bearish, 2016 and 17 were bullish again, 2018 is bearish...
Yeah that's the amazing thing about crypto is how fast things move. I guess we are entering a new era, the information era, where things are rolling over exponentially faster than they did years ago. This is why we see such extreme moves from highs to lows.
It's not a good idea to get too tied up in losses just now. Losses are only losses when they are cashed out. Sometimes you'll be losing for several years, sometimes you'll be winning in a couple of hours. It's just the nature of the market to swing in what seems like an irrational way, but in reality, it was the trader's irrational bias that initiated the entry in the first place. We can never be perfectly objective.