It always surprises me how many people get caught panic selling when a market falls. It's just a pullback, and even if Bitcoin crashes and takes all the alt coins down with it, as long as you believe in the fundamentals, and that the coin(s) you're invested in have a future, there's no need to trade. Just hold and wait for the market to climb again.
You should see the current pullback as a blessing - a chance to buy at a discount. And even if we go into a bear market for a while, as long as you believe in a coin/project (like Steemit), keep buying into the falling market.
Any idiot can make a little money in a rising market, but it's in the dips, pullbacks and bear markets where fortunes are made. This is true of stocks, real estate, and crypto. So hold tight and invest, don't trade.
Great post, as ever @taskmaster4450, thank you.
You are viewing a single comment's thread from:
Well, my vote can't even beat a bot. Shame on me.
Thanks for upvoting @oups. There's something I can't work out about upvoting/steem power. I've been here 2 days, so no curation rewards through yet, but powered up $13SP today. The first post I upvoted, post total went up $1.40, which is what I'd expect, but this post (my second) only increased the $ earned figure by $0.01 - for my 2nd upvote of day, and I had >98% Voting power. Is this something to do with bots, and how long after posted? And your upvote only gave $0.01 and you have more $SP than me! Confused
As for keeping on posting on Steemit, I can see I'll probably get disheartened too, but I know that consistency is rewarded in long-term (and good content), so I'll persevere (I hope)...thanks again!