Market pullbacks are not always fun, but they are part of the game and necessary to stop the market from over heating and crashing. Pullbacks allow the markets to cool off and continue moving higher. This pullback like others previously should be welcomed and although in the short term hurts the value of your blockfolio app; (I know you check it 1000 times a day) in my opinion it presents a buying opportunity to add to positions at a discount (ladder in) and increases your medium to long term portfolio gains! BTFD!! (Buy the F'in Dip) Sir Larry Wildman in Wall Street carried Gordon Gekko a few rounds buying on the way down and when it hit bottom, he was prepared to "Buy it All"
Although we are down significantly, we may still retrace a little further. It is important to remember to keep your emotions in check. Crypto markets are volatile (More so than stocks) and it is not unlike to see dips and retracements of 30-50% and in major A, B, C corrections like Bitcoin, Ethereum, Neo, Tron and others have had of 60-80% after large run ups. If you believe in the projects long term, it is a great opportunity to add to your positions as we have seen values recover quickly. If history shows us anything (See the chart below) What seems like a crash, is nothing more than a bump in the road. We will barely remember this when the overall Crypto market hits $1 Trillion and above.
The Tech Bubble didn't burst until $7 Trillion and that was mostly US Based. The Crypto REVOLUTION is Global and a complete shock to the entire financial system! The opportunity is bigger. You have heard that the heard is coming. I do not believe that they opened up futures markets, hedge funds, and entire financial divisions for it to end here. We are starting to see more adoptions from business's as well which is very bullish. If history proves correct, we are still in 1996-1997 Internet with plenty of room to run at under $600 Billion. In my opinion, we will shatter the Internet days as the tech is more disruptive with greater utility. If investing properly in utility which creates value, today's crypto's will be more profitable than companies whose model was based on views and not revenue.
In my experience, being patient, having enough alligator blood to beat Teddy KBG and adding at optimal opportunities will pay off in the long term. If you have extra fiat you can take advantage, if not, selling cheap crypto to hopefully buy back lower could be a risky game that ends up very costly. (Tax implications, Bad market timing etc..) Take a deep breath, relax and give the market time to finish its natural progression. Many people will regret selling like they did when Bitcoin was $100, $800, $1800, $5000 and alts at their all time lows etc.. If executed properly your portfolio will be up there with the Crypto Legends.
Keep the faith as Crypto can change the world and see you on the moon!
J$ Aka Crypto Legend
IG: @cryptolegendhodl
Twitter: @LegendCrypto
Get access to Binance: https://www.binance.com/?ref=16733320
*This is not financial advice, just my opinion and what I am doing
Sorry for your loss and congratulation!
You have been victim of a @GrumpyCat flag because you or someone else sent money to buy votes from an irresponsible non-GrupyCompliant service.
@pushup is acting irresponsibly by selling votes to people on their post in the last hours before payout. = 99.99% abuse.
GrumpyCat selects the best and most deserving posts to flag for greater impact. Congrats! Your post also earned a resteem by @GrumpyCat.
To know what voting bot to use, refer to https://steembottracker.com/ and use those that have 3.5 day or less in the "Max Age" column.
To learn more: https://steemit.com/abuse/@grumpycat/non-gumpycompliant-vote-sellers-are-now-to-be-used-exclusively-to-profit-from-the-reward-pool
I'm coming for you @grumpycat https://steemit.com/abuse/@r351574nc3/grumpycat-is-a-monster
Hello please
I am a newbie here on steemit please show me love ❤ and
Kindly follow my blog🙏 through this link below:
https://steemit.com/dtube/@empato365/marriage
I promise you'll enjoy following my blog
Thanks dear
Dear @grumpycat, you have again hit an innocent person.
Checking with botanalyse i can see that the post is almost at the same time with upvote.
This person is not an abuser...
At the same day, there are people ( 3 people ) who used the bot for posts older than 6 days.
Check below:
I support your cause to prevent abuse but I am against flagging innocent people.
My upvote is not worth too much but I upvote this person.
For the details of bot analysis you can check :https://steemit.com/utopian-io/@firedream/steembotanalysis
Please target fairly and let us support you.
FD.
.
Main key: "Never panic!"
Amen!
I think, that was a nice day for Crypto. But not for me, because i doesn't have no more fiat. :-(
Good post freinds
I firmly believe in the aspect of holding when the market seems to be in a sell mode. Like in life, everything is subject to change. But here, the change is a good thing. Depending on your where-with-all in staying put. I'm in Electroneum and not selling for less that what I expect to get. And holding still. LOL Thanks for the blog
I say HI to the Vincent comunity
thanks. have a nice day
Great Article.
Thanks and appreciate it!!!
Hope you don't mind if I share these helpful articles.
3 Cryptocurrency That Would Survive After a Possible Crash
https://steemit.com/cryptocurrency/@dubaiyu/3-cryptocurrency-that-would-survive-after-a-possible-crash
Did they block you? Here are 7 bitcoin debit card services and their rates
https://steemit.com/bitcoin/@dubaiyu/did-they-block-you-here-are-7-bitcoin-debit-card-services-and-their-rates
Hashflare to Include top 20 coins in 2.0?
https://steemit.com/hashflare/@dubaiyu/hashflare-to-include-top-20-coins-in-2-0
I agree wholeheartedly, I think the lower they go equals the more you should buy! I can't count how many times crypto was "dead" or "dying". Thanks for the post.
Absolutely! My pleasure. Keep the faith and see you on the moon.
Do not worry, business are business, it is just the beginning of the year, still remains 348 days.
Nice post man. If we take a look at the last 4 years, bitcoin ALWAYS got down at the first month. It's a normal process, that will end with an amazing rush to top again and again and again.
great post
Thanks! Appreciate it. More days of Green to come!
Absolutely priceless when put your mind on a long term profit, its truly taking over the market but gradual process yield more value, my frien you are on point. I need more of this encouragement as a new member of seemit family. Thanks.
Your quite welcome. More green and encouragement to come! Hopefully you follow as we grow this blog and soon to be videos. Welcome to the community!
Thank you for informing me 💲
Your welcome. Glad it was hopeful. Hope you follow for more upcoming content on the blog and soon to release channel. Many Green Days Ahead!
Thank you @cryptolegendhodl for making a transfer to me for an upvote of 39.71% on this post! Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem! The other half helps holders of Steem power earn about 60% APR on a delegation to me! For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily? To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
This post has received a 7.67 % upvote from @booster thanks to: @cryptolegendhodl, @cryptolegendhodl.
You got a 66.23% upvote from @minnowvotes thanks to @cryptolegendhodl!
This recent dip is most likely caused by Asians cashing out for Lunar New Year... the last three years, the Yearly-Lows have been at around the exact same time, three weeks before the Lunar New Year.
Actually, I wrote a more detailed post about that today, you can read it here:
https://steemit.com/crypto/@memekings/the-yearly-crypto-low-in-january-here-is-why
29.67% @pushup from @cryptolegendhodl
I received an message from @grumpycat stating abuse and lost money? What happened? $50 or so disappeared. Thanks
Looks like you were attacked by @grumpycat.
I also have a working theory: https://steemit.com/vincentb/@karolynaz/bitcoin-crashing-yet-another-hack-attack-rocks-cryptocurrencies
Please upvote and follow me :) #vincentb
This wonderful post has received a @cryptolegendhodl 31.72% upvote from @mrswhale. Discord Channel: https://discord.gg/XG4y3mg You can vote in the name of the odl. https://steemit.com/~witnesses
You got a 21.04% upvote from @postpromoter courtesy of @cryptolegendhodl! Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
You got a 36.10% upvote from @mercurybot courtesy of @cryptolegendhodl!
It's always healthy to remember that cryptos are not here to make us rich. Without a doubt we will likely see mayor returns on the long run, but the potential and power from these technologies goes way beyond that, allowing to have an alternative to enterprise sectors that have been untouched for a long time. The potential positive impact this will have on our society is huge, lets not get blinded just by the returns.
Congratulations! Or Uncongratulations
You have made the Grumpy Report
https://steemit.com/abuse/@r351574nc3/grumpy-report-01-16-2018
Please resteem the Grumpy Report
Congratulations @cryptolegendhodl, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Newbie account holder (accounts that hold between 0.01 and 0.1 Mega Vests). The total number of posts by newbie account holders during this period was 4025 and the total pending payments to posts in this category was $3898.07. To see the full list of highest paid posts across all accounts categories, click here.
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the vincentb effect
upvoted, commented and followed