Bear Market Blues? You're in Great Company
Did your crystal ball let you down, again?
Perfectly timing the crypto market -- or any other market, for that matter -- is impossible.
Consider this... $1,000 spread equally across the top 10 projects on January 1, 2017, would've blossomed into $67,000 by January 1, 2018.
Now, replay that scenario a year later, and the results are much different. $1,000 in the top 10 on January 1, 2018, again held for a year, now hovers around $150. Ouch.
You may have hopped aboard the crypto hype-train during 2018. And if you bought your ticket early enough, you're probably deep into the red and maybe even a little scared to even look at Blockfolio.
As you patiently await funding to put the finishing touches on your moon base, know this: you're not alone.
Thousands of enthusiasts in the blockchain and crypto space are so rekt that there's no choice other than HODLing.
After all, if you traded fiat for tokens which are now priced significantly lower than you when you first bought them, you have 2 primary options:
1) Sell at a loss
If you've had enough and can no longer take the pressure, you may consider selling your assets and moving on.
However, until you sell, you haven't lost a thing besides maybe your sanity.
Asset depreciation on a screen doesn't equate to real-world losses until you execute a sell order.
Your digital assets are still ripe with potential value, but it may take months or years for them to bear fruit.
2) Weather the storm
Unless you really did invest more than you can afford to lose -- which may be the #1 rule of any investment -- then you can merely ride out the current downtrend.
While "past performance is not indicative of future results" certainly applies here, history has shown us that the market always returns.
Every time bitcoin reaches a new all-time-high (ATH), it inevitably crashes back down to earth.
The good news is that retracements, eventually, are followed by previous ATHs boosting even higher.
It may not happen this year, but my non-financial-advice crystal ball tells me that bitcoin will one day surpass $20k, and uplift bags of alts during its ascent.
If you've been alive long enough, you already know that things don't always work out exactly as you planned them.
We've gone from new Lambo to used Honda Civic within 12 months.
But it's not just you. It's us.
By reading this and participating on the Publish0x platform, you're part of history.
To some, slumping prices are nothing more than a major distraction.
Our decentralized future is still under construction. And as shown by the Internet before it, new technology takes time to build.
We'll get there. The bulls will return, and we'll look back on this crypto winter as nothing more than a stepping stone to success.
And with that, I leave you with a little humor. I hope it makes you smile...
Happy Sunday, everyone!
The blockchain uprising has only begun. We're all here because we know we're early adopters. Our mission: accumulate as much...
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