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There is a decision that every cryptocurrency investor is bound to take – whether to sell or buy – whether to HOLD for the long term or sell short. Opinions vary between investors, based on why and what they are in for. How to react during downtrends and uptrends? Whether to consider the ecosystem benefit or just care about personal investment benefit.
Dan Gambardello Shared: Crypto dips are temporary but necessary on the journey to all-time highs. Accumulate when others are selling. Focus when others are distracted. Build when others are giving up. Zoom out and relax.
Community Response: Accumulate when others are selling. Care about yourself more than the long term of the ecosystem. Open multi-pools instead of a single pool. Abandon a project instead of rectifying it. Zoom out and relax.
I will be listening to it next time for sure. Didn’t disagree. Just forgot how all the other altcoins follow. How long do we have left?
Depends on how sharp the drop is. Could be a few days to 18 days. The exact day is hard to pinpoint. But the trend is easy.
Well, the recent liquidation was like 9% of all leverage. It’s insane how high leverage we have. If we really want to flush out we need to go down to something like 30k that will be a total reset.
This accumulation will end with a pump, liquidating shorts. Look at the leverage data in August. I’m somewhat stunned how many people are not willing to consider a bearish case in the medium term.,
The long term is the best. I’m not going to buy it at the start of the month. I will wait for a dip next time. Wonder what will be good in FEBRUARY? Best to HODL long-term is the goal. Healthy moves are what we want.
Healthy? BTC has been on a downtrend along with ADA for a long time. Then you should be happy, good low DCA action. For the long term, yes, but this trend is not healthy for BTC I believe $69k was high. Blockchain tech is still what future generations will build their worlds on. It’s still way too early for dramatic ups and downs to change our minds on this.
If it’s the future then Why are there constant dramatic downs? Great question, and I think there are several reasons: People treating it all like a get rich quick scheme. People taking profits early instead of HODLing for long term growth. People pulling out because they don’t understand the tech and they get afraid. These are paper hands retailers panic selling. Looking at how NFTs floor prices move this is even more evident. We need a reset in this space.
Dan when theoretically is the next bull run based on having? 2024 or 2025. Purchase at the bottom. Don’t use leverage. We just keep dipping and honestly really don’t like this correlation with the fiat market we are supposed to be the opposite.
We are in a bear market and they must not buy until the accumulation at the bottom begins. I’ve been buying a lot in the $1.20’s. My average was $1 but I never thought I’d get another chance this low once we hit the high $2’s.
Feels like Cardano is getting ready to stand up and not be dependent on what any other crypto is doing. Are you prepared for $27k? What if $69k was an all-time high? Altcoins will take off when Bitcoin goes to $27k.
