Hello!
The FUD is all around twitter. FUD means Fear, Uncertainty and Doubt. Everybody in twitter is full of doubt, specially those that have short term goals. For us, and by us I mean hivers, it's nothing compared to what we have suffered before. We are built from the depths of the bear market, from the Steem takeover, from losing everything to having a thriving blockchain again. It takes more than a dip for ants like this to make us throw the towel.
I'm prepared to go lower, and you should too. Will we go lower? I don't think so, it doesn't make any sense to me the actual Bitcoin price.
Take a look at the chart from my tradingview account. This red candle looks very bad, we have to be fair. It hurts, but we are stronger than that.
But there are some good news too. The Bitfinex whales (they usually buy Bitcoin when the market reverses) have started accumulating again at this dip. Samson Mow, one of my favorite Bitcoin OGs has posted the following photo with the long positions at Bitfinex.
Remember that Bitfinex historically has been one of the exchanges where big whales use to trade Bitcoin. It's very useful to keep track of this information. To long when the whales long has been a profitable strategy for a long time.
There are a lot of signs out there to keep being bullish. Take a look at what Eric Trump, the son of Donald Trump the president of the United States has tweeted some hours ago:
Seriously? Are you going to switch to bear mode now? I'm not sure if it's the smartest decision you could do at this point. Remember that there are several -30% corrections during bull markets, we could be currently in one of those.
I hope you have a great day!
Stay safe out there!
Posted Using INLEO
It's why only 20 to 30% of the crypto population becomes rich after a cycle. 70% are fearful and end up having to start again every cycle.
We have been here before and we will shine again