Playing cryptocurrency can indeed make geregetan because the price is always fluctuating up and down quickly like a roller coaster.
Even so, it does not necessarily make the Bitcoin players have to feel panic and rashly just off all its assets in the digital currency.
There are several ways for Bitcoin investors to stay calm in situations that can be considered unpleasant as they are today.
Here are tips for Bitcoin investors amid falling prices:
- Divert the view of bitcoin
According to Willemien Kets, Associate Professor of the Department of Economics University of Oxford, the rise and fall of Bitcoin's value makes this digital currency so attractive.
Nevertheless, according to him, examining the value of cryptocurrency continuously is not very productive, even he called it a trap. "Nothing can be done about the change in value," he said.
- Use the principle of Hold On for Dear Life (HODL)
HODL is short for 'Hold On for Dear Life', a strategy to hold Bitcoin by moving assets to the Bitcoin wallet - to keep it safe until it is decided to use it or sell it.
According to Ric Edelman, founder and Executive Chairman of Edelman Financial Services, when people sell and buy Bitcoin in a cycle, they miss the big picture of cryptocurrency and the blockchain technology itself
"It is undeniable, digital currency is the future, players have to prepare it for years," he said.
He also said that his decision to hold his Bitcoin for more than a decade proved to bring results.
"I've experienced a number of up and down the value of Bitcoin is drastic, ranging from USD 1 to USD 10 thousand, fell to USD 200, to increase at USD 16 thousand," he said.
Those are 2 tips for dealing with the decline in the value of Bitcoin
Eh upvote punya ku juga @kausar1
Ok
Thank you for the great post. I just finished one myself that talks about this recent Bitcoin crash. You might be interested in it so check it out if you get the opportunity.
https://steemit.com/bitcoin/@cool-mike/the-great-bitcoin-crash-of-2018-will-cryptocurrency-survive
Thank you for vote and input
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