This is a short post, intended to be reassuring. Been predicting this since early January, but has the storm finally arrived?
This is just a sample taken from my Coinbase Homepage a few minutes ago and the question is how far will it fall? We saw a few wobbles in January but then the market recovered and surged to unprecedented new heights.
What should you do?
If you haven't done what I did in anticipation - shift most assets to stablecoin - do not fear all is not lost.
You can
- hodl the hell out of it and just wait it out - it will come back bigger and better, but this could be a long wait especially if you are impatient. Cosmos took FIVE months.
- shift to stablecoin and consolidate and try to leverage growth in how much you hold as the downturn continues - this is risky - it might just bounce back.
The choice is yours, but if it burns the scars will heal and you will learn from the experience.
I did at my cost.
Take care and stay safe and well.
