I read John Wege's article The Crypto Apocalypse is Here with great interest. 

In the article, he mentions that people who purchased "Bitcoin during the Mt. Gox hack panic, the covid crash, or any previous bear market have all done extremely well" and I was wondering how much truth there was to this.

Have people done well? I'm always seeing videos on TikTok and the like of people predicting that crypto prices will go up and through the roof, but it seems to me that crypto prices right now are going straight to hell. Down, down, down they go as other investors shout at us to HODL, HODL, HODL.

When do you know when the right time to get out is? Do we just hold hoping for a better result the next day? 

My investments in crypto doubled a few weeks ago when prices were on the up, but this week has only seen a loss of about 25% of those gains. So i gained 50% then lost 25%. It's still a gain, and I believe it will continue to go up, over time. I for one am going to hold onto my crypto for a while. It's a long term, slow burn investment for me. I'll continue to invest extra money every month to diversify my holdings or boost any current holdings that I have, hoping to "hit the big time".

Some good advice I got was to only invest what you can afford to lose and I have stuck by this rule. Although my holdings have grown quite significantly over time, it's always been me putting in a few hundred dollars every month or so. I'm starting to think I should diversify and start investing in Gold or Silver too. What do you guys think?

Is The Crypto Apocalypse is Here yet, as John says, or are we quite far away from that happening?  

As Smoljanovic commented, what they're doing is "Making much profit surfing the waves.". This got me thinking if we should be investing even more into this dip?

Let me know what you think.

Image credit: Me
(Consider buying the NFT of this image from Voice for only $10, it's my first foray into creating and selling them)